Common use of Acquit Company Clause in Contracts

Acquit Company. In the absence of written notice to the Company of any Assignment of a Membership Interest, any payment by the Company to the assigning Member (or the assigning Member’s successor in interest) shall acquit the Company of liability to the extent of such payment to any other Person who may have any interest in such payment by reason of an Assignment by the Member, whether by actual Assignment or by operation of law.

Appears in 2 contracts

Samples: Member Control Agreement (Golden Growers Cooperative), Member Control Agreement (American Crystal Sugar Co /Mn/)

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Acquit Company. In the absence of written notice to the Company of any Assignment assignment of a Membership InterestCompany interest, any payment by the Company to the assigning Member (or the assigning Member’s successor in interest) his or her executors, administrators or representatives shall acquit the Company of liability to the extent of such payment to any other Person person who may have any an interest in such payment by reason of an Assignment assignment by the Member, whether by actual Assignment Member or by operation reason of lawsuch Member's death or otherwise.

Appears in 2 contracts

Samples: Operating Agreement (Cbci Income & Growth Fund LLC), Operating Agreement (Cbci Income & Growth Fund LLC)

Acquit Company. In the absence of written notice to the Company of any Assignment sale or assignment of a Membership Interestan interest in the Company, any payment by the Company to the selling or assigning Member (or the assigning Member’s successor in interest) shall acquit the Company of liability to the extent of such payment to any other Person person who may have any an interest in such payment by reason of an Assignment any assignment or sale by the Member, whether by actual Assignment or by operation of law.

Appears in 2 contracts

Samples: Operating Agreement (Taylor Investment Corp /Mn/), Operating Agreement (Taylor Investment Corp /Mn/)

Acquit Company. In the absence of written notice to the Company of any Assignment Transfer of a Membership Interest, any payment by the Company to the assigning transferring Member (or the assigning Member’s successor in interest) his or its executors, administrators or representatives shall acquit the Company of liability liability, to the extent of such payment payment, to any other Person who may have any an interest in such payment by reason of an Assignment a Transfer by the Member, whether by actual Assignment Member or by operation reason of lawsuch Member's death or otherwise.

Appears in 2 contracts

Samples: Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc)

Acquit Company. In the absence of written notice to the Company of any Assignment assignment of a Membership Interest, any payment by the Company to the assigning Member (or the assigning Member’s successor in interest) its, administrators or representatives shall acquit the Company of liability liability, to the extent of such payment payment, to any other Person who may have any an interest in such payment by reason of an Assignment a Transfer by the Member, whether by actual Assignment Member or by operation of lawotherwise.

Appears in 1 contract

Samples: Operating Agreement (Famous Daves of America Inc)

Acquit Company. In the absence of written notice to the Company of any Assignment assignment of a Membership Interest, any payment by the Company to the assigning Member (or the assigning Member’s successor in interest) his or its executors, administrators or representatives shall acquit the Company of liability liability, to the extent of such payment payment, to any other Person who may have any an interest in such payment by reason of an Assignment a transfer by the Member, whether by actual Assignment Member or by operation reason of lawsuch Member's death or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (WPT Enterprises Inc)

Acquit Company. In the absence of written notice to the Company of any Assignment Transfer of a Membership Interest, any payment by the Company to the assigning transferring Member (or the assigning Member’s successor in interest) executors, administrators or representatives shall acquit the Company of liability liability, to the extent of such payment payment, to any other Person who may have any an interest in such payment by reason of an Assignment a Transfer by the Member, whether by actual Assignment Member or by operation reason of lawsuch Member’s death or otherwise.

Appears in 1 contract

Samples: Operating Agreement (PERRIGO Co PLC)

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Acquit Company. In the absence of written notice to the Company of any Assignment Transfer of a Membership InterestUnits, any payment by the Company to the assigning transferring Member (or the assigning Member’s successor in interest) his or its executors, administrators or representatives shall acquit the Company of liability liability, to the extent of such payment payment, to any other Person who may have any an interest in such payment by reason of an Assignment a Transfer by the Member, whether by actual Assignment Member or by operation reason of lawsuch Member's death or otherwise.

Appears in 1 contract

Samples: Member Control Agreement (Active Iq Technologies Inc)

Acquit Company. In the absence of written notice to the Company of any Assignment assignment of a Membership Interest, any payment by the Company to the assigning Member (or the assigning Member’s 's successor in interest) shall acquit the Company of liability to the extent of such payment to any other Person who may have any interest in such payment by reason of an Assignment assignment by the Member, whether by actual Assignment assignment or by operation of law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Crystal Sugar Co /Mn/)

Acquit Company. In the absence of written notice to the Company of any Assignment assignment or Transfer of a the Membership InterestInterests of any Member, any payment by the Company to the assigning Member (or the assigning Member’s successor in interest) its executors, administrators or representatives shall acquit the Company of liability to the extent of such payment to any other Person person who may have any interest an Interest in such payment by reason of an Assignment assignment by the Member, whether by actual Assignment Member or by operation reason of lawsuch Member's death or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Interactive Health, Inc.)

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