Common use of Sale Agreement Clause in Contracts

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any), delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale and (2) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 2 contracts

Samples: Stockholders' Agreement (JCS Realty Corp), Stockholders' Agreement (JCS Realty Corp)

AutoNDA by SimpleDocs

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such DragTag-Along Seller's Employment Agreement, if any), delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 2 contracts

Samples: Stockholders' Agreement (JCS Realty Corp), Stockholders' Agreement (JCS Realty Corp)

Sale Agreement. Each Stockholder Management Investor selling shares of Common Stock Shares pursuant to a transaction contemplated by this Section 2.5 2.6 (a "DragDRAG-Along SellerALONG SELLER") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock share certificates and other instruments for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPC Shareholder in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, business and (yb) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided all such obligations are equally applicable on a several and not joint basis to each Drag-Along Seller based on the consideration received by such Drag-Along Seller. The foregoing notwithstanding, (1a) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale sale, and (2b) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock Shares of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Management Shareholders' Agreement (United National Group LTD)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "Drag“Tag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Holdings Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP the sellers in connection with such sale and the monetary obligations and liabilities incurred by the seller sellers in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (xi) breaches of representations and warranties made in connection with such sale by the Company Holdings or any other seller with respect to the Company Holdings or the Company's Holdings’ business, (yii) breaches of covenants in effect prior to closing and (ziii) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2ii) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's ’s (iA) ownership of and title to shares of capital stock of the CompanyHoldings, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents.

Appears in 1 contract

Samples: Stockholders’ Agreement (1295728 Alberta ULC)

Sale Agreement. Each Stockholder selling shares of Common Stock Stock, Options, Warrants or Co-Investment Rights pursuant to a transaction contemplated by this Section 2.5 (a an "FPSH Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock Stock, Options, Warrants or Co-Investment Rights duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a an FPSH Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each FPSH Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPSH in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, business and (y) breaches b)breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each FPSH Drag-Along Seller based on the consideration received by such FPSH Drag-Along Seller (treating any exercise price of unexercisxx Xxxxxxx xx xxxxxxcised Warrants or unexercised Co-Investment Rights as consideration received). The foregoing notwithstanding, (1a) without the written consent of a an FPSH Drag-Along Seller, the amount of such obligations and liabilities for which such FPSH Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such FPSH Drag-Along Seller in such sale (treating any exercise price of unexercised Options or unexercised Warrants or unexercised Co-Investment Rights as proceeds received) and (2b) a an FPSH Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Seminis Inc)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPC in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale and (2) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Alec Holdings Inc)

Sale Agreement. Each Stockholder Shareholder selling shares of Common Stock Ordinary Shares pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock Ordinary Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. In addition, the EDS Equivalent Shareholders agree to exchange their Company Ordinary Share Equivalent for the Company Ordinary Shares within fifteen (15) days after the mailing of the written notice as described in Section 2.5.1 hereof from the FPC shareholders. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, business and (yb) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided all such obligations are equally applicable on a several and not joint basis to each Drag-Along Seller based on the consideration received by such Drag-Along Seller. The foregoing notwithstanding, (1a) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross net, after-tax, cash proceeds received by such Drag-Along Seller in such sale sale, (b) a Drag-Along Seller shall not be obligated to enter into any non-compete or other post-closing covenant that restricts its activities in any way and (2c) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Shareholders' Agreement (Paradigm Ltd.)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock (or other equity securities of the Company) duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP the sellers in connection with such sale and the monetary obligations and liabilities incurred by the seller sellers in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (xi) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, and (yii) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such Tag-Along Seller (treating any exercise price of unexercised Options or unexercised Warrants or unexercised Co-Investment Rights as consideration received). The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale (treating any exercise price of unexercised Options or unexercised Warrants or unexercised Co-Investment Rights as proceeds received) and (2ii) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (iA) ownership of and title to shares of capital stock of the Company, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents. Notwithstanding anything to the contrary in this Section 2.6, FPSH shall be entitled to require any Tag-Along Seller of vested Options, Warrants, Co-Investment Rights or other equity rights convertible into Common Stock to exercise such vested Options, Warrants, Co-Investment Rights or other equity rights concurrent with the consummation of any sale contemplated by this Section 2.6 to the extent necessary to participate in such sale.

Appears in 1 contract

Samples: Stockholders' Agreement (Seminis Inc)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant Offeree Shareholder electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTAG-Along SellerALONG SELLER") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Shareholders Agreement (Wj Communications Inc)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, Seller shall not be required to make any representations and warranties with respect to the Company NFP or the CompanyNFP's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including including, without limitation, for (x) breaches of representations and warranties made in connection with such sale by the Company NFP or any other seller with respect to the Company NFP or the CompanyNFP's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to Apollo's or such other seller's (i) ownership of and title to shares of capital stock of the CompanyNFP, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders Agreement (National Financial Partners Corp)

Sale Agreement. Each Stockholder Shareholder selling shares of Common Stock pursuant to a transaction contemplated by this Section 2.5 (a "DragDRAG-Along SellerALONG SELLER") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, sale stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPC in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale and (2) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Shareholders Agreement (Wj Communications Inc)

Sale Agreement. Each Stockholder selling shares of WireCo Common Stock (or WireCo Convertible Securities) pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of WireCo Common Stock (or WireCo Convertible Securities) duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the third- party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller NewCo in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company WireCo or any other seller with respect to the Company WireCo or the Company's business, WireCo’s business and (yb) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided all such obligations are equally applicable on a several and not joint basis to each Drag-Along Seller based on the consideration received by such Drag- Along Seller. The foregoing notwithstanding, (1a) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale sale, (b) a Drag Along Seller (other than an Executive Management Investor) shall not be obligated to enter into any non compete or other post-closing covenant that restricts its activities in any way and (2c) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's ’s (i) ownership of and title to shares of capital stock of the CompanyWireCo, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders’ Agreement (1295728 Alberta ULC)

Sale Agreement. Each Stockholder selling shares of Holdings Common Stock (or Holdings Convertible Securities) pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Holdings Common Stock (or Holdings Convertible Securities) duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPC in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company Holdings or any other seller with respect to the Company Holdings or the Company's business, Holdings’ business and (yb) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided all such obligations are equally applicable on a several and not joint basis to each Drag-Along Seller based on the consideration received by such Drag-Along Seller. The foregoing notwithstanding, (1a) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale sale, (b) a Drag-Along Seller (other than an Executive Management Investor) shall not be obligated to enter into any non-compete or other post-closing covenant that restricts its activities in any way and (2c) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's ’s (i) ownership of and title to shares of capital stock of the CompanyHoldings, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders’ Agreement (1295728 Alberta ULC)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant to a transaction contemplated by this Section 2.5 2.6 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPC in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, business and (yb) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Drag-Along Seller based on the consideration received by such Drag-Along Seller. The foregoing notwithstanding, (1a) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale sale, (b) a Drag-Along Seller shall not be obligated to enter into any non-compete or other post-closing covenant that restricts its activities in any way and (2c) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Maxxim Medical Inc/Tx)

Sale Agreement. Each Stockholder Shareholder selling shares of Common Stock NewCo Shares (or NewCo Convertible Securities) pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock NewCo Shares (or NewCo Convertible Securities) duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the third- party expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities incurred by the seller FPC in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (xa) breaches of representations and warranties made in connection with such sale by the Company NewCo or any other seller with respect to the Company NewCo or the Company's business, NewCo’ business and (yb) breaches of covenants and (z) other mattersin effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided all such obligations are equally applicable on a several and not joint basis to each Drag-Along Seller based on the consideration received by such Drag- Along Seller. The foregoing notwithstanding, (1a) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale sale, (b) a Drag Along Seller (other than an Executive Management Investor) shall not be obligated to enter into any non compete or other post-closing covenant that restricts its activities in any way and (2c) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's ’s (i) ownership of and title to shares of capital stock of the CompanyNewCo, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Shareholders’ Agreement (1295728 Alberta ULC)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate appro- priate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any), delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent ex- tent a vote or consent is required) and taking any other necessary neces- sary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations representa- tions and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP in connection with such sale and the obligations and liabilities li- abilities incurred by the seller in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase pur- chase price adjustments. The foregoing notwithstanding, (1) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale and (2) a Drag-Drag- Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Goldman Sachs Group Lp)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant Offeree Shareholder electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "Drag“Tag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock NewCo Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP the sellers in connection with such sale and the monetary obligations and liabilities incurred by the seller sellers in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (xi) breaches of representations and warranties made in connection with such sale by the Company NewCo or any other seller with respect to the Company NewCo or the Company's NewCo’ business, (yii) breaches of covenants in effect prior to closing and (ziii) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2ii) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's ’s (iA) ownership of and title to shares of capital stock of the CompanyNewCo, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents.

Appears in 1 contract

Samples: Shareholders’ Agreement (1295728 Alberta ULC)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant Offeree Shareholder electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a saleTransfer, including, without limitation, including by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such saleTransfer, stock the share certificates (if any) and other instruments of transfer for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragEach Tag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale the Transfer incurred by GSCP the FPC Seller in connection with such sale Transfer and the monetary obligations and liabilities incurred by the seller FPC Seller in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurredincurred by the FPC Seller) obligations and liabilities for indemnification (including for (x) with respect to breaches of representations and warranties made in connection with such sale Transfer by the Company or by the FPC Seller and any other seller Tag-Along Sellers with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments; provided, however, that all such obligations are equally applicable on a several and not joint basis to the FPC Seller and each Tag-Along Seller based on the consideration received by the FPC Seller and such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale Transfer, and (2ii) a DragTag-Along Seller shall not be responsible for the fraud of the FPC Seller or any other seller Tag-Along Seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by the FPC Seller or any other seller Tag-Along Seller with respect to such other seller's (iA) ownership of and title to shares of capital stock of the CompanyShares, (iiB) organization, (iiiC) authority and or (ivD) conflicts and consentsconsents and any other matter concerning such other seller, or for breaches of any covenants made by the FPC Seller or any other Tag-Along Seller.

Appears in 1 contract

Samples: Shareholders Agreement (United National Group LTD)

Sale Agreement. Each Stockholder Trust selling shares of Common Stock Shares pursuant to a transaction contemplated by this Section 2.5 4.5 (each such Trust, a "Drag-Along Seller") agrees to cooperate in consummating such a saleTransfer, including, without limitation, by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such saleTransfer, stock the share certificates (if any) and other instruments of transfer for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale the Transfer incurred by GSCP the FPC Seller in connection with such sale Transfer and the monetary obligations and liabilities incurred by the seller FPC Seller in connection with such saleTransfer. Such monetary obligations and liabilities shall include (to the extent such obligations are incurredincurred by the FPC Seller) obligations and liabilities for indemnification (including for (x) with respect to breaches of representations and warranties made in connection with such sale Transfer by the Company or by the FPC Seller and any other seller Drag-Along Sellers with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments; provided, however, that all such obligations are equally applicable on a several and not joint basis to the FPC Seller and each Drag-Along Seller based on the consideration received by the FPC Seller and such Drag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale Transfer, and (2ii) a Drag-Along Seller shall not be responsible for the fraud of the FPC Seller or any other seller Drag-Along Seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by the FPC Seller or any other seller Drag-Along Seller with respect to such other seller's (iA) ownership of and title to shares of capital stock of the CompanyShares, (iiB) organization, (iiiC) authority and or (ivD) conflicts and consentsconsents and any other matter concerning such other seller, or for breaches of any covenants made by the FPC Seller or any other Drag-Along Seller.

Appears in 1 contract

Samples: Shareholders Agreement (United National Group LTD)

AutoNDA by SimpleDocs

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant Management Investor electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTAG-Along SellerALONG SELLER") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock share certificates and other instruments for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragEach Tag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP the sellers in connection with such sale and the monetary obligations and liabilities incurred by the seller sellers in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (xi) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (yii) breaches of covenants in effect prior to closing and (ziii) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and sale, (2ii) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (iA) ownership of and title to shares of capital stock Shares of the Company, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents.

Appears in 1 contract

Samples: Management Shareholders' Agreement (United National Group LTD)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant elect- ing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitationlimi- tation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such DragTag-Along Seller's Employment Agreement, if any), delivering de- livering at the consummation of such sale, stock certificates stoxx xxxxxxxxxxxx and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent ex- tent a vote or consent is required) and taking any other necessary neces- sary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, shall not be required to make any representations representa- tions and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities li- abilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstandingnot- withstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed ex- ceed the gross proceeds received by such DragTag-Along Seller in such sale and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Goldman Sachs Group Lp)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "Drag“Tag-Along Seller") agrees to cooperate in consummating such a saleTransfer, including, without limitation, including by becoming a party to the sales sale agreement and all other appropriate related agreements on the same terms (other than any amendment than, with respect to the Founders, non-competition or similar agreements that would bind such Drag-Along Seller's Employment Agreement, if anyFounders), delivering purchase price and conditions as the Sponsor Sellers, delivering, at the consummation of such saleTransfer, the stock certificates and other instruments for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) in each case, on the same terms and conditions as the Sponsor Seller, and taking any other commercially reasonable necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragEach Tag-Along Seller shall be severally responsible for its proportionate share (apportioned pro rata based on the number of Shares the Tag-Along Sellers and the Sponsor Seller are selling) of the third-party expenses of sale the Transfer incurred by GSCP the Sponsor Seller in connection with such sale and Transfer (except to the obligations extent paid or reimbursed by the Company, Buyer or the Proposed Transferee) and liabilities (to the extent incurred by the seller Sponsor Seller in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurredTransfer) obligations and liabilities for indemnification (including for (x) with respect to breaches of representations and warranties made in connection with such sale Transfer by Buyer or by the Company or Sponsor Seller and any other seller Tag-Along Sellers with respect to the Company Buyer or the Company's Buyer’s business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments; provided, however, that all such obligations are on a several and not joint basis to the Sponsor Seller and each Tag-Along Seller based on the consideration received by the Sponsor Seller and such Tag-Along Seller. The foregoing notwithstanding, (1A) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale Transfer, and (2B) a DragTag-Along Seller shall not be responsible for the gross negligence or fraud of the Sponsor Seller or any other seller Tag-Along Seller or for any indemnification obligations and liabilities (including through escrow or holdback arrangements) for breaches of representations and warranties and related escrow or holdback claims made by the Sponsor Seller or any other seller Tag-Along Seller made with respect to such other seller's ’s (i1) ownership of and title to shares of capital stock of the CompanyShares, (ii2) organization, (iii3) authority and or (iv4) conflicts and consentsconsents and any other matter concerning such other seller, or for breaches of any covenant made by the Sponsor Seller or any other Tag-Along Seller.

Appears in 1 contract

Samples: Stockholders Agreement (LPL Investment Holdings Inc.)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock Covered Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, Seller shall not be required to make any representations and warranties with respect to the Company NFP or the CompanyNFP's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including including, without limitation, for (x) breaches of representations and warranties made in connection with such sale by the Company NFP or any other seller with respect to the Company NFP or the CompanyNFP's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to Apollo's or such other seller's (i) ownership of and title to shares of capital stock of the CompanyNFP, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders Agreement (National Financial Partners Corp)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant to a transaction contemplated by this Section 2.5 2.6 (a "Drag-Along Seller") ), agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, Seller shall not be required to make any representations and warranties with respect to the Company NFP or the CompanyNFP's business or with respect to Apollo or any other seller. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the proposing Stockholders in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including including, without limitation, for (x) breaches of representations and warranties made in connection with such sale by the Company NFP or any other seller with respect to the Company NFP or the CompanyNFP's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale and (2) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the CompanyNFP, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders Agreement (National Financial Partners Corp)

Sale Agreement. Each Stockholder selling shares action will not, in the opinion of Common Stock pursuant to a transaction contemplated by this Section 2.5 (a "Drag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party counsel satisfactory to the sales agreement related Indenture Trustee, materially and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any), delivering at adversely affect the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery interest of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other sellerNoteholder. In addition, each Drag-Along Seller shall these Master Sale Terms and any Sale Agreement may also be severally responsible for its proportionate share amended from time to time by the Seller, the Interim Eligible Lender Trustee, the Eligible Lender Trustee and the Purchaser, with the consent of the expenses Noteholders of sale incurred by GSCP Notes evidencing a majority of the Outstanding Amount of the Notes, for the purpose of adding any provisions to or changing in connection with such sale and any manner or eliminating any of the obligations and liabilities incurred by the seller in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches provisions of representations and warranties made in connection with such sale by the Company these Master Sale Terms or any other seller Sale Agreement or of modifying in any manner the rights of the Noteholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the time of, collections of payments with respect to Loans or distributions that shall be required to be made for the Company benefit of the Noteholders or (b) reduce the Company's businessaforesaid percentage of the Outstanding Amount of the Notes, the Noteholders of which are required to consent to any such amendment, without the consent of all outstanding Noteholders. Promptly after the execution of any such amendment or consent (y) breaches or, in the case of covenants and (z) other mattersthe Rating Agencies, five Business Days prior thereto), and the Eligible Lender Trustee shall also include amounts paid into escrow furnish written notification of the substance of such amendment or subject consent to holdbacksthe Indenture Trustee, and amounts subject to post-closing purchase price adjustmentseach of the Rating Agencies. The foregoing notwithstanding, (1) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale and (2) a Drag-Along Seller It shall not be responsible necessary for the fraud consent of Noteholders pursuant to this Section to approve the particular form of any other seller proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. Prior to the execution of any indemnification obligations amendment to these Master Sale Terms, the Eligible Lender Trustee shall be entitled to receive and liabilities for breaches rely upon an Opinion of representations Counsel stating that execution of such amendment is authorized or permitted by this Sale Agreement and warranties made by any other seller with respect the Opinion of Counsel referred to such other seller's (iin Section 7.1(i)(i) ownership of and title to shares of capital stock of the CompanyAdministration Agreement. The Eligible Lender Trustee may, (ii) organizationbut shall not be obligated to, (iii) authority and (iv) conflicts and consentsenter into any such amendment which affects the Eligible Lender Trustee's own rights, duties or immunities under this Agreement or otherwise.

Appears in 1 contract

Samples: Sale Agreement (SLM Funding LLC)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant EDS Shareholder electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock Ordinary Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale sale, and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (iA) ownership of and title to shares of capital stock of the Company, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents.

Appears in 1 contract

Samples: Shareholders' Agreement (Paradigm Ltd.)

Sale Agreement. Each Stockholder Trust selling shares of Common Stock Shares pursuant to a transaction contemplated by this Section 2.5 4.5 (each such Trust, a "Drag-Along Seller") agrees to cooperate in consummating such a saleTransfer, including, without limitation, by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such saleTransfer, stock the share certificates (if any) and other instruments of transfer for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each Each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale the Transfer incurred by GSCP the FPC Seller in connection with such sale Transfer and the monetary obligations and liabilities incurred by the seller FPC Seller in connection with such saleTransfer. Such monetary obligations and liabilities shall include (to the extent such obligations are incurredincurred by the FPC Seller) obligations and liabilities for indemnification (including for (x) with respect to breaches of representations and warranties made in connection with such sale Transfer by the Company or by the FPC Seller and any other seller Drag-Along Sellers with respect to the Company or the Company's ’s business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments; provided, however, that all such obligations are equally applicable on a several and not joint basis to the FPC Seller and each Drag-Along Seller based on the consideration received by the FPC Seller and such Drag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a Drag-Along Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale Transfer, and (2ii) a Drag-Along Seller shall not be responsible for the fraud of the FPC Seller or any other seller Drag-Along Seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by the FPC Seller or any other seller Drag-Along Seller with respect to such other seller's ’s (iA) ownership of and title to shares of capital stock of the CompanyShares, (iiB) organization, (iiiC) authority and or (ivD) conflicts and consentsconsents and any other matter concerning such other seller, or for breaches of any covenants made by the FPC Seller or any other Drag-Along Seller.

Appears in 1 contract

Samples: Shareholders Agreement (United National Group LTD)

Sale Agreement. Each Stockholder selling shares of Common Stock pursuant Offeree Shareholder electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "Drag“Tag-Along Seller") agrees to cooperate in consummating such a saleTransfer, including, without limitation, including by becoming a party to the sales sale agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such saleTransfer, stock the share certificates (if any) and other instruments of transfer for such shares of Common Stock Shares duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragEach Tag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale the Transfer incurred by GSCP the FPC Seller in connection with such sale Transfer and the monetary obligations and liabilities incurred by the seller FPC Seller in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurredincurred by the FPC Seller) obligations and liabilities for indemnification (including for (x) with respect to breaches of representations and warranties made in connection with such sale Transfer by the Company or by the FPC Seller and any other seller Tag-Along Sellers with respect to the Company or the Company's ’s business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments; provided, however, that all such obligations are equally applicable on a several and not joint basis to the FPC Seller and each Tag-Along Seller based on the consideration received by the FPC Seller and such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale Transfer, and (2ii) a DragTag-Along Seller shall not be responsible for the fraud of the FPC Seller or any other seller Tag-Along Seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by the FPC Seller or any other seller Tag-Along Seller with respect to such other seller's ’s (iA) ownership of and title to shares of capital stock of the CompanyShares, (iiB) organization, (iiiC) authority and or (ivD) conflicts and consentsconsents and any other matter concerning such other seller, or for breaches of any covenants made by the FPC Seller or any other Tag-Along Seller.

Appears in 1 contract

Samples: Shareholders Agreement (United National Group LTD)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreement, if any)agreements, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the expenses of sale incurred by GSCP the sellers in connection with such sale and the obligations and liabilities incurred by the seller sellers in connection with such sale. Such obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (x) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (y) breaches of covenants and (z) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments. The foregoing notwithstanding, (1) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (i) ownership of and title to shares of capital stock of the Company, (ii) organization, (iii) authority and (iv) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Alec Holdings Inc)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "DragTag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a DragTag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP the sellers in connection with such sale and the monetary obligations and liabilities incurred by the seller sellers in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (xi) breaches of representations and warranties made in connection with such sale by the Company or any other seller with respect to the Company or the Company's business, (yii) breaches of covenants in effect prior to closing and (ziii) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustmentsadjustments provided all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale sale, (ii) a Tag-Along Seller shall not be obligated to enter into any non-compete or other post-closing covenant that restricts its activities in any way and (2iii) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's (iA) ownership of and title to shares of capital stock of the Company, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents.

Appears in 1 contract

Samples: Stockholders' Agreement (Maxxim Medical Inc/Tx)

Sale Agreement. Each Offeree Stockholder selling shares of Common Stock pursuant electing to a transaction contemplated by this Section 2.5 sell Tag-Along Shares (a "Drag“Tag-Along Seller") agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements (other than any amendment to such Drag-Along Seller's Employment Agreementagreements, if any)delivering, delivering at the consummation of such sale, stock certificates and other instruments for such shares of WireCo Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. The foregoing notwithstanding, in connection with such sale, a Drag-Along Seller, as such, shall not be required to make any representations and warranties with respect to the Company or the Company's business or with respect to any other seller. In addition, each DragTag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by GSCP the sellers in connection with such sale and the monetary obligations and liabilities incurred by the seller sellers in connection with such sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (xi) breaches of representations and warranties made in connection with such sale by the Company WireCo or any other seller with respect to the Company WireCo or the Company's WireCo’s business, (yii) breaches of covenants in effect prior to closing and (ziii) other matters), and shall also include amounts paid into escrow or subject to holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such Tag-Along Seller. The foregoing notwithstanding, (1i) without the written consent of a DragTag-Along Seller, the amount of such obligations and liabilities for which such DragTag-Along Seller shall be responsible shall not exceed the gross proceeds received by such DragTag-Along Seller in such sale and (2ii) a DragTag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller's ’s (iA) ownership of and title to shares of capital stock of the CompanyWireCo, (iiB) organization, (iiiC) authority and (ivD) conflicts and consents.

Appears in 1 contract

Samples: Stockholders’ Agreement (1295728 Alberta ULC)

Time is Money Join Law Insider Premium to draft better contracts faster.