Shareholder Representative definition
Examples of Shareholder Representative in a sentence
Each of Parent and Shareholder Representative shall submit to the Independent Accountant, within fifteen (15) Business Days after the engagement of the Independent Accountant, a written statement setting forth such party’s position with respect to each Disputed Amount, together with such supporting documentation as such party deems appropriate.
The Independent Accountant shall be instructed to consider only those items and amounts that are identified in the Notice of Disagreement as being items which Parent and Shareholder Representative are unable to resolve.
Any such fees and expenses payable by Shareholder Representative shall be paid from the Shareholder Representative Expense Fund to the extent funds are available therein.
Payments received by Shareholder Representative as the Indemnified Party shall be distributed to the Shareholders in accordance with this Agreement.
The fees and expenses of the Independent Accountant shall be paid by ▇▇▇▇▇▇ and Shareholder Representative in inverse proportion to the amounts by which their respective positions differ from the Independent Accountant’s final determination (i.e., the party whose position is furthest from the Independent Accountant’s determination shall bear a proportionally greater share of such fees and expenses).