Posted On: 02/29/2016 3:57:14 PM
Post# of 8802
I am not sure but I think there's a unspecified third party involved!
“Talk Indemnified Parties” means Talk and its Affiliates and their respective officers, directors, employees, partners, shareholders, and agents.
7.4 Securities Law Violation Repurchase Right. UMS shall maintain the right to repurchase or cause UMS to redeem, pursuant to this Agreement and/or the Stockholders’ Agreement, the entire UMS Shares from Talk for fair market value upon Talk or any of Talk’s Affiliates being convicted, indicted, or formally investigated by the SEC or any other Governmental Entity in connection with the violation of any Laws relating to the purchase, ownership or distribution of securities (including the UMS Shares) (any such event, a “Talk Securities Law Violation”)
“Talk Indemnified Parties” means Talk and its Affiliates and their respective officers, directors, employees, partners, shareholders, and agents.
7.4 Securities Law Violation Repurchase Right. UMS shall maintain the right to repurchase or cause UMS to redeem, pursuant to this Agreement and/or the Stockholders’ Agreement, the entire UMS Shares from Talk for fair market value upon Talk or any of Talk’s Affiliates being convicted, indicted, or formally investigated by the SEC or any other Governmental Entity in connection with the violation of any Laws relating to the purchase, ownership or distribution of securities (including the UMS Shares) (any such event, a “Talk Securities Law Violation”)
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Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.
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