Membership in Company. Each of the Sellers (including, in the case of Mr. Xxxxxx Xxxxx, in his capacity as Manager of the Company) hereby (a) consents to Buyer being admitted as and becoming a member of the Company at the Closing and (b) acknowledges and agrees that, at the Closing, such Seller shall 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 2 contracts
Samples: Limited Liability Company Interest Purchase Agreement, Limited Liability Company Interest Purchase Agreement (Danaher Corp /De/)
Membership in Company. Each of the Sellers (including, in the case of Mr. Xxxxxx Xxxxx, in his capacity as Manager of the Company) hereby (a) consents to Buyer being admitted as and becoming a member of the Company at the Closing and (b) acknowledges and agrees that, at the Closing, such Seller shall 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 2 contracts
Samples: Limited Liability Company Interest Purchase Agreement (Fomo Corp.), Limited Liability Company Interest Purchase Agreement (Fomo Corp.)
Membership in Company. Each of the Sellers (including, in the case of Mr. Xxxxxx Xxxxx, in his capacity as Manager of the CompanySeller) hereby (a) consents to Buyer being admitted as and becoming a member of the Company at the Closing and (b) acknowledges and agrees that, at the Closing, such Seller shall 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: Limited Liability Company Interest Purchase Agreement (Metavesco, Inc.)
