Examples of Trusts’ Representative in a sentence
The issuance of stock to the Trusts’ Representative, on behalf of the Asbestos PI Trust and the Asbestos PD Trust pursuant to the Share Issuance Agreement, shall not be subject to or trigger any “poison pill,” shareholder or stockholder rights plan, or other anti-takeover or takeover defense plan, contract, agreement, instrument, or provision adopted or implemented by the Parent.
Nothing in this Section 7 shall impair the rights of the Trust (ZAI) (or its permitted successor or assigns) acting through the Trusts’ Representative pursuant to the Intercreditor Agreement, to deliver to the Parent Guarantor a Demand for Issuance of the Section 524(g) Shares and to receive the Trust (ZAI)’s percentage of the Section 524(g) Shares pursuant to the Share Issuance Agreement.
They contribute creative and innovative ideas to be developed in order to solve the problems.
The Trusts’ Representative may also require the Trusts to defend the matter.
Each Trust has agreed (i) to look solely to such amounts to the extent available for distribution to it as provided in this Intercreditor Agreement, and (ii) that none of the Trusts or the Trusts’ Representative is personally liable to any of them for any amounts payable or any liability under this Intercreditor Agreement.
Any amounts distributed hereunder by the Trusts’ Representative to either Trust shall be paid to such Trust by wire transfer of funds to the address such Trust shall provide to the Trusts’ Representative in a Written Notice.
Upon receiving knowledge of any suit, claim or demand asserted by a third party that the Trusts’ Representative believes is covered by this indemnity, the Trusts’ Representative shall give the Trusts Written Notice of the matter and an opportunity to defend it, at the Trusts’ sole cost and expense, with legal counsel approved by the Trusts’ Representative (such approval not to be unreasonably withheld, conditioned or delayed).
The Obligor shall reimburse the Trusts’ Representative promptly upon demand for all documented out-of-pocket costs and expenses, including all attorney’s fees and expenses of legal counsel, arising out of or incurred by the Trusts’ Representative in connection with the enforcement of any rights or actions of the Trusts’ Representative under this Share Issuance Agreement, but only to the extent that the Trusts’ Representative succeeds in enforcing this Share Issuance Agreement.
The Obligor at its sole cost and expense shall execute, acknowledge and deliver all such instruments and take all such action as the Trusts’ Representative from time to time may reasonably request in order to further effectuate the purposes of this Share Issuance Agreement and to carry out the terms hereof.
The Trusts’ Representative shall be fully justified in refusing to take or to continue to take any action under this Intercreditor Agreement or any Deferred Payment Document unless it shall first be indemnified to its satisfaction by the Trusts against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any action under this Intercreditor Agreement or any Deferred Payment Document.