Common use of Issuance of Membership Interest Clause in Contracts

Issuance of Membership Interest. In consideration of the contribution of the cash payment described in Section 2.1 and the contribution and transfer of the Contributed Assets by Member to the Company, Company hereby issues to Member the Membership Interest.

Appears in 2 contracts

Samples: Joint Venture Agreement (Huneeus Vintners LLC), Joint Venture Agreement (Constellation Brands, Inc.)

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Issuance of Membership Interest. In consideration of the contribution of the cash payment described in Section 2.1 and the contribution and transfer of the Contributed Assets and Contributed Liabilities by Member to the Company, Company hereby issues to Member the Membership Interest.

Appears in 2 contracts

Samples: Joint Venture Agreement (Constellation Brands, Inc.), Joint Venture Agreement (Huneeus Vintners LLC)

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