Future Ownership. The Members hereby agree that this Agreement shall apply to any Membership Interest in the Company hereafter acquired by gift, purchase, devise, by the laws of descent and distribution, or acquired as a result of distributions, recapitalization, reissue, or in any other manner. This Agreement shall also apply to any rights that the Members might have to purchase additional Membership Interests, whether by preemptive rights or otherwise. It is the intent of the parties hereto that this Agreement shall be binding upon the respective heirs, successors, assigns, representatives, executors, administrators, guardians, guardians ad litem, trustees or trusts for any of the Members. Members hereto agree that the terms, conditions, provisions and agreements hereof shall be binding upon any receiver, trustee, debtor-in- possession or similar manager or agent in a bankruptcy or receivership proceeding. Notwithstanding any other provision of this Agreement, no purchaser of the Membership Interest of a Member may acquire such Membership Interest, and the purported transfer of the Membership Interest shall not be valid, unless the purchaser executes an amendment to this Agreement agreeing to be fully bound to this Agreement with respect to such purchased Membership Interest.
Future Ownership. CRM Holdings hereby represents and warrants that following the consummation of all transactions contemplated by Articles I through III of this Agreement, in accordance with the terms and conditions of this Agreement, CRM Holdings will own of record and beneficially all of the issued shares of capital stock of CRM USA Holdings and Twin Bridges, and CRM USA Holdings will own of record and beneficially all of the issued membership interests in CRM, CRM CA and Eimar.
Future Ownership. Landlord reserves the right to sell the Project as a whole or the Real Property separate and apart from the balance of the Project. Tenant agrees to execute and deliver, within thirty (30) days after request by Landlord, any amendment to this Lease or other documents reasonably required in connection with the sale of the Real Property separate and apart from the balance of the Project, as long as Tenant’s rights hereunder are not materially adversely affected or its obligations materially increased. In addition, Landlord, at its option, may record covenants, conditions and restrictions against the Real Property and enter into agreements with the owner of the 4400 Building to provide for (i) reciprocal rights of access and/or use, (ii) common management, operation, maintenance, improvements and/or repairs, and (iii) the equitable allocation of expenses relating to common services, as long as in each instance Tenant’s rights hereunder are not materially adversely affected or its obligations increased.
Future Ownership. The Shareholders hereby agree that this Agreement shall apply to the Stock and shall apply to any stock ownership in the Bank hereafter acquired by the Shareholders by gift, purchase, devise, by the laws of descent and distribution, or acquired by the Shareholders as a result of stock dividends, stock splits, recapitalization, reissue, or in any other manner. This Agreement shall also apply to any rights that the Shareholders might have to purchase additional shares, whether by preemptive rights or otherwise. It is the intent of the parties hereto that this Agreement shall be binding upon the respective heirs, successors, assigns, representatives, executors, administrators, guardians, guardians ad litem, trustees or trusts for any of the Shareholders. The Shareholders agree that the terms, conditions, provisions and agreements hereof shall be binding upon any receiver, trustee, debtor-in-possession or similar officer or agent in a bankruptcy or receivership proceeding. The terms of this Agreement do not supercede the terms of any stock option agreements between the Shareholders and the Bank.
