Purchase of Membership Interest. Pursuant to the terms and subject to the conditions of this Agreement, at Closing Buyer will purchase from Seller, and Seller will surrender and sell to Buyer, all of Seller’s right, title and interest in and to the Membership Interest. The transfer of the Membership Interest shall occur by operation of this Section 1.01, without a separate assignment of interests, and evidenced solely through the execution, by the Company and Buyer, of the First Amendment to Limited Liability Company Agreement in the form of Exhibit A attached hereto and incorporated herein (“First Amendment”).
Appears in 4 contracts
Samples: Membership Interest Purchase Agreement (Arrived Homes, LLC), Membership Interest Purchase Agreement (Arrived Homes, LLC), Membership Interest Purchase Agreement (Arrived Homes, LLC)
