No Pledge or Security Interest. The purpose of the Company’s retention of Employee’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by itself constitute a pledge by Employee of, or the granting of a security interest in, the underlying equity.
Appears in 7 contracts
Samples: Securities Agreement (Vivid Seats Inc.), Securities Agreement (Vivid Seats Inc.), Securities Agreement (Vivid Seats Inc.)
No Pledge or Security Interest. The purpose of the Company’s retention of EmployeeExecutive’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by itself constitute a pledge by Employee Executive of, or the granting of a security interest in, the underlying equity.
Appears in 6 contracts
Samples: Senior Management Agreement (Maravai Lifesciences Holdings, Inc.), Senior Management Agreement (Maravai Lifesciences Holdings, Inc.), Senior Management Agreement (Maravai Lifesciences Holdings, Inc.)
No Pledge or Security Interest. The purpose of the Company’s retention of EmployeeExecutive’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 Sections 9.4 and 9.10 of the LLC Agreement and does not by itself constitute a pledge by Employee Executive of, or the granting of a security interest in, the underlying equity.
Appears in 4 contracts
Samples: Senior Management Agreement (Pathology Solutions, LLC), Senior Management Agreement (Pathology Solutions, LLC), Senior Management Agreement (Pathology Solutions, LLC)
No Pledge or Security Interest. The purpose of the Company’s retention of EmployeePurchaser’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 4 of the LLC Securityholders Agreement and does not by itself constitute a pledge by Employee Purchaser of, or the granting of a security interest in, the underlying equity.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Solera Holdings LLC), Securities Purchase Agreement (Solera Holdings LLC), Securities Purchase Agreement (Solera Holdings LLC)
No Pledge or Security Interest. The purpose of the Company’s retention of EmployeeDirector’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by itself constitute a pledge by Employee Director of, or the granting of a security interest in, the underlying equity.
Appears in 2 contracts
Samples: Investment and Director Compensation Agreement (Maravai Lifesciences Holdings, Inc.), Investment and Director Compensation Agreement (Maravai Lifesciences Holdings, Inc.)
No Pledge or Security Interest. The purpose of the Company’s retention of EmployeePurchaser’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by itself constitute a pledge by Employee Purchaser of, or the granting of a security interest in, the underlying equity.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Solera Holdings, Inc), Securities Purchase Agreement (Solera Holdings, Inc)
No Pledge or Security Interest. The purpose of the Company’s retention of EmployeeExecutive’s certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by y itself constitute a pledge by Employee Executive of, or the granting of a security interest in, the underlying equity.
Appears in 1 contract
Samples: Senior Management Agreement (Maravai Lifesciences Holdings, Inc.)
No Pledge or Security Interest. The purpose of the Company’s retention of Employee’s the Director Parties’ certificates and executed security powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by itself constitute a pledge by Employee any Director Party of, or the granting of a security interest in, the underlying equity.
Appears in 1 contract
Samples: Investment and Director Compensation Agreement (Maravai Lifesciences Holdings, Inc.)
