Designated Transferee(s). The Service Company, in its capacity as attorney-in- fact hereunder, shall, following the occurrence of any Transfer Event, designate one or more persons (each, a “Designated Transferee”) to be transferred and conveyed all of the Membership Interests of the Member in accordance with this Agreement and applicable law; provided, that each such Designated Transferee shall be an individual qualified to be a member of License Holder under the Act and shall obtain or have obtained the Transfer Approval establishing such qualification. The Designated Transferee(s) shall accept such designation by executing a new Membership Interests Transfer Restriction and Succession Agreement with License Holder and Service Company, in substantially the form and substance of this Agreement.
Appears in 5 contracts
Samples: Agreement (Wolverine Partners Corp.), Agreement (Wolverine Partners Corp.), Agreement (Wolverine Partners Corp.)
