Examples of Stockholder Representative Expense Amount in a sentence
Funds held as the Stockholder Representative Expense Amount need not be invested and shall accrue no interest.
The Stockholder Representative shall retain the Stockholder Representative Expense Amount for the use of (i) paying any amounts payable by the Company Stockholders under this Agreement, the Note or the Earn-Out Agreement and (ii) paying for or reimbursement of the expenses, disbursements and advances incurred by or on behalf of the Stockholder Representative in such capacity.
Such calculations shall be made in accordance with the definitions of “Cash and Cash Equivalents” and “Net Cash” as set forth in this Agreement and shall give effect to the deposit by the Company of the Stockholder Representative Expense Amount into the Stockholder Representative Expense Fund.
The Adjustment Escrow Amount, as adjusted from time to time, together with any interest earned thereon, will be referred to as the “Adjustment Escrow Fund.” The Indemnity Escrow Amount, as adjusted from time to time, together with any interest earned thereon, will be referred to as the “Indemnity Escrow Fund.” On the Closing Date, Parent will cause to be delivered to the Stockholder Representative the Stockholder Representative Expense Amount.
Therefore, we propose using the YAWL [1] workflow management system in combination with DECLARE.