Common use of Expenses of Majority Shareholders' Representative Clause in Contracts

Expenses of Majority Shareholders' Representative. A Majority Shareholders' Representative shall be entitled to retain counsel and to incur such expenses (including court costs and reasonable attorneys' fees and expenses) as such Majority Shareholders' Representative deems to be necessary or appropriate in connection with its performance of its obligations under this Agreement, the other Transaction Documents and the Confidentiality Agreement, and except as otherwise provided in this Agreement, all such fees and expenses incurred by the Majority Shareholders' Representative shall be borne by the Majority Shareholder(s) that appointed such Majority Shareholders' Representative severally according to their respective Percentage Ownership.

Appears in 1 contract

Sources: Master Stock Purchase Agreement (Bancolombia Sa)

Expenses of Majority Shareholders' Representative. A Majority Shareholders' Representative shall be entitled to retain counsel and to incur such expenses (including court costs and reasonable attorneys' fees and expenses) as such Majority Shareholders' Representative deems to be necessary or appropriate in connection with its performance of its obligations under this Agreement, Agreement and the other Transaction Documents and the Confidentiality AgreementDocuments, and except as otherwise provided in this Agreement, all such fees and expenses incurred by the Majority Shareholders' Representative shall be borne by the Majority Shareholder(s) that appointed such Majority Shareholders' Representative severally according to their respective Percentage Ownership.

Appears in 1 contract

Sources: Stock Purchase Agreement (Bancolombia Sa)