Common use of Death or Disability of the Representative Clause in Contracts

Death or Disability of the Representative. In the event of the death or permanent disability of Representative, or his resignation, a successor Representative shall be appointed by a majority vote of the holders of issued and outstanding membership interests of the Company immediately prior to the Closing, with each such holder (or such holder’s successors or assigns) to be given a vote equal to the number of votes represented by the percentage of the Company’s outstanding membership interests held by such holder immediately prior to the Closing.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement

AutoNDA by SimpleDocs

Death or Disability of the Representative. In the event of the death or permanent disability of the Representative, or his its resignation, a successor Representative shall be appointed by a majority vote of the holders of issued and the Membership Interests outstanding membership interests of the Company immediately prior to the Closing, with each such holder (or such holder’s successors or assigns) to be given a vote equal to the number of votes represented by the percentage of the Company’s outstanding membership interests Membership Interests held by such holder immediately prior to the Closing.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (RumbleON, Inc.)

Death or Disability of the Representative. In the event of the death or permanent disability of the Representative, or its, his or her resignation, a successor Representative shall be appointed by a majority vote of the holders of issued and Shares outstanding membership interests of the Company immediately prior to the Closing, with each such holder (or such holder’s successors or assigns) to be given a vote equal to the number of votes represented by the percentage of the Company’s outstanding membership interests Shares held by such holder immediately prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fresh Del Monte Produce Inc)

AutoNDA by SimpleDocs

Death or Disability of the Representative. In the event of the death or permanent disability of the Representative, or his its resignation, a successor Representative shall be appointed by a majority vote of the holders of issued and Shares outstanding membership interests of the Company immediately prior to the Closing, with each such holder (or such holder’s successors or assigns) to be given a vote equal to the number of votes represented by the percentage of the Company’s outstanding membership interests Shares held by such holder immediately prior to the Closing.

Appears in 1 contract

Samples: Merger Agreement (RumbleON, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!