Examples of Contributed Membership Interests in a sentence
The proposed Tech Hub will bolster battery technology development and manufacturing across the entire value chain, focusing also on key topics of safety, certification, policy, equity, and environmental justice.A.2.Region.
Assignee hereby accepts the foregoing assignment and hereby assumes, and agrees to perform, all the terms, covenants and conditions to be performed on the part of Assignor related to the Contributed Membership Interests, including, but not limited to, the assumption of, and performance under, the Existing Loan Documents, to the extent such obligations accrue from and after the Closing Date.
All Contributed Membership Interests were issued without violating any state or federal securities laws and there are no outstanding agreements, commitments, rights, options, warrants or plans of any nature whatsoever for the issuance, sale or purchase of any other interests in Owner or in the Holding Company.
Pursuant to the Stock Purchase Agreement, the TPH Member agreed to contribute to the Company, and the Company agreed to acquire from the TPH Member, the [Contributed Membership Interests].
The Contributed Membership Interests constitute all of the issued and outstanding Equity Interests of the Company.
DMC hereby transfers, assigns, and conveys to the Partnership as a capital contribution, and the Partnership accepts and acquires from DMC, the Contributed Membership Interests, including, but not limited to, all right, title, and interest of DMC in and to the properties (real and personal), capital, cash flow distributions, profits, and losses of the IFDC General Partner attributable to the Contributed Membership Interests.
The aggregate transfer value for the Contributed Membership Interests is $46,488,744 (the “Contribution Value”), which amount is the undepreciated basis of the Contribution Entities as of September 30, 2018 and is subject to adjustment in accordance with the terms of this Agreement and as reflected on the Closing Statement.
The Company shall be solely liable for and shall pay all applicable sales, transfer, use, stamp, conveyance, value-added, real property transfer, recording, stock transfer and other similar taxes, if any, together with all recording or filing fees, notarial fees and other similar costs of Closing, that may be imposed upon, or payable, collectible or incurred in connection with the transfer of the Contributed Membership Interests to the Company (the "TRANSFER TAXES").
In that event, (i) the undersigned consents to the contribution of the Contributed Membership Interests to Extra Space OP and agrees to receiving, in lieu of the Common Shares and CC Shares, such Common Units and CC Units and (ii) all references to Common Shares and CC Shares in this Irrevocable Exchange and Subscription Agreement shall be deemed to refer to the Common Units and CC Units, respectively.
On the terms and subject to the conditions contained in this Agreement, at the Closing, Sellers shall contribute to Purchaser, and Purchaser shall receive from Sellers, all of Sellers’ right, title, and interest in and to the Contributed Membership Interests, free and clear of any Lien (other than restrictions on transfer imposed under applicable securities Laws), in exchange for the Consideration, as it may be adjusted pursuant to ARTICLE II.