Common use of Obligation to Sell Several Clause in Contracts

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

Appears in 4 contracts

Samples: Incentive Unit Award Agreement (Bumble Inc.), Incentive Unit Award Agreement (Bumble Inc.), Incentive Unit Award Agreement (Bumble Inc.)

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Obligation to Sell Several. If there is more than one member of the Participant’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 members member thereof, and the closing of the purchases from such other members by Partnership the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 3 contracts

Samples: Management Equity Subscription Agreement (Gates Industrial Corp PLC), Management Equity Subscription Agreement (Gates Industrial Corp PLC), Nonqualified Stock Option Agreement (Vivint Solar, Inc.)

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

Appears in 2 contracts

Samples: Acknowledgement Agreement (Candela Medical, Inc.), Acknowledgement Agreement (Candela Medical, Inc.)

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

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Pinnacle Foods Finance LLC)

Obligation to Sell Several. If there is more than one member of the Participant’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 members member thereof, and the closing of the purchases from such other members by Partnership the Issuer or a designee shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Apria, Inc.)

Obligation to Sell Several. If there is more than one member of the Participant’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 members member thereof, and the closing of the purchases from such other members by Partnership the Issuer or a designee shall not excuse, or constitute a waiver of its rights against, the defaulting member. 3.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (APX Group Holdings, Inc.)

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

Appears in 1 contract

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

Obligation to Sell Several. If there is more than one member of Participant’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 members member thereof, and the closing of the purchases from such other members by Partnership the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member.

Appears in 1 contract

Samples: Management Equity Subscription Agreement (Dominion Textile (Usa), L.L.C.)

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

Appears in 1 contract

Samples: Subscription Agreement (Bumble Inc.)

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