Shareholder Liability definition

Shareholder Liability. Vicarious Tort Liability for Corporate Officers, 57 VAND. L. REV. 329, 359 (2004). under, or affecting any of its Business Property, except for any release or threatened release that is not likely to have, individually or in the aggregate, a material adverse effect on the financial condition, results of operations, or business of Target Holding or Target Bank.
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Examples of Shareholder Liability in a sentence

  • In lieu of HCCH Common Stock, any Shareholder shall have the option to pay in cash or other immediately available funds the cash equivalent of all or any part of his in-stock Maximum Shareholder Liability.

  • If the Issuer or another member of the Group becomes a borrower in respect of any Shareholder Liability, the Issuer will procure that the person giving that loan, granting that credit or making that other financial arrangement (if not already Party as a Shareholder Creditor) accedes to this Agreement, as a Shareholder Creditor pursuant to Clause ‎18.9 (Creditor/Agent Accession Undertaking).

  • Except as otherwise provided in Section 6.2(d)(ii), but subject to Section 6.2(d)(i), with respect to any Loss incurred by Buyer hereunder, each Shareholder shall only be responsible to pay his Prorata Share (as defined below) of a Loss, not to exceed in the case of each Shareholder the Shareholder Liability Cap with respect to all Losses.

  • At November 30, 1996 the Total Liabilities of SMR, other than Accrued Shareholder Liability, do not exceed the sum of (i) the stated value (computed on the same basis as the September 30, 1996 Balance Sheet) of the Fixed Assets plus (ii) the difference between the stated value of Current Assets and the Accrued Shareholder Liability.

  • The indemnification provided for in this Section 11.1 will not apply unless and until the aggregate HCCH Damages for which one or more Holdco Indemnified Persons seeks indemnification exceeds $150,000 in the aggregate, in which event the indemnification provided for will include all HCCH Damages (a franchise deductible) up to the Maximum Shareholder Liability (as hereinafter defined).

  • Each of RMP's and AHP's respective Shareholder Liability Cap and responsibility for Excess Losses shall be reduced by 50% of the Losses sustained by Buyer that are paid by Planet.

  • The indemnification provided for in this Section 10.1 will not apply unless and until the aggregate HCCH Damages for which one or more Southern/ACA Indemnified Persons seeks indemnification exceeds $50,000 in the aggregate, in which event the indemnification provided for will include all HCCH Damages (a franchise deductible) up to the Maximum Shareholder Liability (as hereinafter defined).

  • Within seven (7) calendar days of the date of ap- pointment to a vacant position, the name of the successful applicant shall be sent to each employee of the Local Housing Authority who applied to the vacancy and shall be posted on all bulletin boards in the Local Housing Authority.

  • Provided, however, that irrespective as to the number of claims asserted by Indemnified Persons hereunder and the amount of the HCCH Damages for which indemnification is sought, any such Shareholder, in the aggregate, shall under no circumstances be required to make indemnification payments hereunder beyond the Closing Date Price multiplied by one-half the number of shares of HCCH Common Stock received by such Shareholder at the time of the Merger (the "Maximum Shareholder Liability").

  • In lieu of HCC Common Stock, any Shareholder shall have the option to pay in cash or other immediately available funds the cash equivalent of all or any part of his in-stock Maximum Shareholder Liability.

Related to Shareholder Liability

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Company Indemnified Person means (a) any Administrator; (b) any Affiliate of any Administrator; (c) any officers, directors, shareholders, members, partners, employees, representatives or agents of any Administrator; or (d) any officer, employee or agent of the Trust or its Affiliates.

  • Company Indemnitee has the meaning set forth in Section 7.2(b).

  • Other Liabilities means any and all liabilities of any type whatsoever (including, but not limited to, judgments, fines, penalties, ERISA (or other benefit plan related) excise taxes or penalties, and amounts paid in settlement and all interest, taxes, assessments and other charges paid or payable in connection with or in respect of any such judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties, or amounts paid in settlement).

  • Indemnification Claim has the meaning set forth in Section 10.3.