Common use of Obligation to Sell Several Clause in Contracts

Obligation to Sell Several. If there is more than one member of the Executive Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 28 contracts

Samples: Class G Unit Subscription Agreement (Michael Foods Inc/New), Class F Unit Subscription Agreement (Michael Foods Inc/New), Class F Unit Subscription Agreement (Michael Foods Inc/New)

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Obligation to Sell Several. If there is more than one member of the Executive Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 25 contracts

Samples: Incentive Unit Grant Agreement, Management Unit Grant Agreement (PGA Holdings, Inc.), Management Unit Grant Agreement (PGA Holdings, Inc.)

Obligation to Sell Several. If there is more than one member of the Executive Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors Dairy Holdings shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 16 contracts

Samples: Management Unit Subscription Agreement (Mg Waldbaum Co), Management Unit Subscription Agreement (Mg Waldbaum Co), Management Unit Subscription Agreement (Mg Waldbaum Co)

Obligation to Sell Several. If there is more than one member of the Executive Executive’s Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 8 contracts

Samples: Management Unit Subscription Agreement, Subscription Agreement, Management Unit Subscription Agreement (Apria Healthcare Group Inc)

Obligation to Sell Several. If there is more than one member of the Executive Executive’s Family Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 4 contracts

Samples: Management Subscription Agreement (APX Group Holdings, Inc.), Management Subscription Agreement (APX Group Holdings, Inc.), Management Subscription Agreement (APX Group Holdings, Inc.)

Obligation to Sell Several. If there is more than one member of the Executive Executive’s Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member members thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 4 contracts

Samples: Management Unit Subscription Agreement (Nevada Property 1 LLC), Management Unit Subscription Agreement (Nevada Property 1 LLC), Management Unit Subscription Agreement (Nevada Property 1 LLC)

Obligation to Sell Several. If there is more than one member of the Executive Executive’s Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 3 contracts

Samples: Management Unit Subscription Agreement (Pinnacle Foods Finance LLC), Management Unit Subscription Agreement (Pinnacle Foods Finance LLC), Management Unit Subscription Agreement (Pinnacle Foods Finance LLC)

Obligation to Sell Several. If there is more than one member of the Executive Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member. 5.

Appears in 2 contracts

Samples: Management Unit Subscription Agreement (PGA Holdings, Inc.), Management Unit Subscription Agreement (PGA Holdings, Inc.)

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Obligation to Sell Several. If In the event there is more than one member of the Executive Management Investor Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 1 contract

Samples: Graham Packaging Holdings Co

Obligation to Sell Several. If there is more than one member of the --- -------------------------- Executive Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 1 contract

Samples: Management Stock Purchase And (M Foods Investors LLC)

Obligation to Sell Several. If there is more than one member of the Executive Executive’s Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member members thereof, and the closing of the purchases from such other members by Investors Parent shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 1 contract

Samples: Incentive Unit Subscription Agreement (Bumble Inc.)

Obligation to Sell Several. If there is more than one member of the Executive Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases from such other members by Investors Holdings shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 1 contract

Samples: Management Unit Subscription Agreement (Pro Fac Cooperative Inc)

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