Common use of Membership in Company Clause in Contracts

Membership in Company. Assignor hereby (a) consents to Buyer being admitted as and becoming a member of the Company upon the execution and delivery of this Assignment, and (b) acknowledges and agrees that Assignor hereby ceases (i) to be a member of the Company and (ii) to have the power to exercise any right, power or remedy as a member of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Interest (Metavesco, Inc.), Limited Liability Company Interest Purchase Agreement, Agreement for Purchase of LLC Interest (JUVA LIFE INC./Canada)

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Membership in Company. Assignor hereby (a) consents to Buyer Assignee being admitted as and becoming a member of the Company upon the execution and delivery of this Assignment, and (b) acknowledges and agrees that Assignor hereby ceases (i) to be a member of the Company and (ii) to have the power to exercise any right, power or remedy as a member of the Company.

Appears in 1 contract

Samples: Eastside Distilling, Inc.

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Membership in Company. Assignor hereby (a) consents to Buyer being admitted as and becoming a member of the Company upon the execution and delivery of this Assignment, and (b) acknowledges and agrees that Assignor each of the LED Members shall hereby ceases cease (i) to be a member of the Company and (ii) to have the power to exercise any right, power or remedy as a member of the Company.

Appears in 1 contract

Samples: Consulting Agreement (Fomo Corp.)

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