Common use of Expenses of Managers Clause in Contracts

Expenses of Managers. The Company shall reimburse the Managers and Manager Designees for the reasonable costs of one counsel retained on behalf of the Managers and/or Manager Designees with respect to the Managers and/or Manager Designees exercising or enforcing rights afforded them under this Agreement, the Stockholders Agreement or the certificates of incorporation or limited liability company agreement, as applicable, of any of the Company, Lowerco, Holdings, LLC or SDS.

Appears in 2 contracts

Sources: Participation, Registration Rights and Coordination Agreement (Sungard Capital Corp), Participation, Registration Rights and Coordination Agreement (Sungard Capital Corp Ii)

Expenses of Managers. The Company shall reimburse the Managers and Manager Designees for the reasonable costs of one counsel retained on behalf of the Managers and/or Manager Designees with respect to the Managers and/or Manager Designees exercising or enforcing rights afforded them under this Agreement, the Stockholders Agreement or the certificates of incorporation or limited liability company agreement, as applicable, of any of the Company, Lowerco, Holdings, LLC or SDSOpco.

Appears in 1 contract

Sources: Participation, Registration Rights and Coordination Agreement (Sungard Data Systems Inc)