Member Substitution Sample Clauses

Member Substitution. Immediately following the execution of this CEA by the Parties, UMCMC shall execute and file with the Louisiana Secretary of State and the Clerk and Recorder of East Baton Rouge Parish the Amendment to and Restatement of the Articles of Incorporation of UMCMC and LCMC shall thereby be substituted as and become the sole member of UMCMC as of the Effective Date (the “ Member Substitution Date”) in accordance with the Member Substitution Agreement as approved by the UMCMC Board of Directors. All assets and properties, whether tangible or intangible, of UMCMC shall at the Member Substitution Date remain assets of UMCMC and all liabilities of UMCMC shall at the Member Substitution Date remain with UMCMC.
Sample 1
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Member Substitution. Deliver any instrument necessary to document its consent to the substitution of D-HH GO for GOH as the sole corporate member of HH and MCH, and as a co-member of CMC; and
Sample 1

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