Common use of Replacement of the Representative Clause in Contracts

Replacement of the Representative. Upon the death, disability or incapacity of the initial Representative appointed pursuant to Section 9.7(a) above, each Equityholder acknowledges and agrees that such Representative’s executor, guardian or legal representative, as the case may be, shall appoint a replacement reasonably believed by such person (and reasonably approved by Buyer) as capable of carrying out the duties and performing the obligations of the Representative hereunder within 30 days. In the event that the Representative resigns for any reason, the Representative shall, subject to Buyer’s approval which shall not be unreasonably withheld or delayed, select another representative to fill such vacancy. Any substituted representative shall be deemed the Representative for all purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bluebird Bio, Inc.)

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Replacement of the Representative. Upon the death, disability or --------------------------------- incapacity of the initial Representative appointed pursuant to Section 9.7(a10.11(a) above, each Equityholder Seller acknowledges and agrees that such Representative’s 's executor, guardian or legal representative, as the case may be, shall (in consultation with Sellers) appoint a replacement reasonably believed by such person (and reasonably approved by Buyer) as capable of carrying out the duties and performing the obligations of the Representative hereunder within 30 thirty (30) days. In the event that the Representative resigns for any reason, the Representative shall, subject to Buyer’s approval which shall not be unreasonably withheld or delayed, (in consultation with Sellers) select another representative to fill such vacancy. Any substituted representative shall be deemed the Representative for all purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (Albany Ladder Co Inc)

Replacement of the Representative. Upon the death, disability or incapacity of the initial Representative appointed pursuant to Section 9.7(a8.10(a) above, each Equityholder Seller acknowledges and agrees that such Representative’s 's executor, guardian or legal representative, as the case may be, shall (in consultation with Sellers) appoint a replacement reasonably believed by such person (and reasonably approved by Buyer) as capable of carrying out the duties and performing the obligations of the Representative hereunder within 30 thirty (30) days. In the event that the Representative resigns for any reason, the Representative shall, subject to Buyer’s approval which shall not be unreasonably withheld or delayed, (in consultation with Sellers) select another representative to fill such vacancy. Any substituted representative shall be deemed the Representative for all purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Equipment Services Inc)

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Replacement of the Representative. Upon the death, disability or incapacity --------------------------------- capacity of the initial Representative appointed pursuant to Section 9.7(a10.10(a) above, each Equityholder Seller acknowledges and agrees that such Representative’s 's executor, guardian or legal representative, as the case may be, shall (in consultation with Sellers) appoint a replacement reasonably believed by such person (and reasonably approved by Buyer) as capable of carrying out the duties and performing the obligations of the Representative hereunder within 30 thirty (30) days. In the event that the Representative resigns for any reason, the Representative shall, subject to Buyer’s approval which shall not be unreasonably withheld or delayed, (in consultation with Sellers) select another representative to fill such vacancy. Any substituted representative shall be deemed the Representative for all purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Equipment Services Inc)

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