IADMA Sample Clauses

IADMA. At Closing, Navidec shall transfer the IADMA Interest to CPHI, as nominee for CPI, free and clear of all liens, claims and encumbrances (other than as contained in the operating agreement for IADMA of July 1, 1999), by executing a bill xx transfer and such other documents as may be reasonably requested by CP.cxx, xxich bill xx transfer and other documents shall be in a form reasonably acceptable to CP.cxx. Xxch transfer shall be made for no additional consideration payable to Navidec. Pursuant to such transfer, all rights of Navidec with respect to the capital account in respect of the IADMA Interest and all other rights associated with the IADMA Interest will be transferred to CPHI. As a condition to Closing, Navidec shall have (i) secured the approval of at least two thirds of the Board of Managers of IADMA to the transfer of the IADMA Interest to CPHI and its affiliates and the admission of CPHI and its affiliates as a new member of IADMA, which approval shall not have any other conditions to its approval, and (ii) IADMA shall have executed, with the approval of its Board of Managers, amendments to the marketing agreement of September 14, 1999 between Driveoff and IADMA, which amendments shall address the matters previously discussed by the parties and be in a form reasonably acceptable to Driveoff and CP.cxx, xxd Driveoff shall also have executed such amendments. In connection with the transfer of the IADMA Interest to CPHI, CPHI shall enter into an agreement with CPI, in substantially the form of Exhibit 3.6 (the "IADMA AGREEMENT").
Sample 1
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IADMA. Navidec shall have transferred to CPHI the IADMA Interest, obtained the approval of the Board of Managers of IADMA with respect to such transfer, and secured IADMA's and Driveoff's execution of the amendments to the marketing agreement between Driveoff and IADMA, all as contemplated by Section 3.6.
Sample 1
IADMA. CPHI shall have entered into the IADMA Agreement.
Sample 1

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