Common use of Acquit Company Clause in Contracts

Acquit Company. In the absence of written notice to the Company of any Transfer of a Membership Interest, any payment by the Company to the transferring Member or his or its executors, administrators or representatives shall acquit the Company of liability, to the extent of such payment, to any other Person who may have an interest in such payment by reason of a Transfer by the Member or by reason of such Member's death or otherwise.

Appears in 2 contracts

Samples: Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc)

AutoNDA by SimpleDocs

Acquit Company. In the absence of written notice to the Company of any Transfer assignment of a Membership InterestCompany interest, any payment by the Company to the transferring assigning Member or his or its her executors, administrators or representatives shall acquit the Company of liability, liability to the extent of such payment, payment to any other Person person who may have an interest in such payment by reason of a Transfer an assignment by the Member or by reason of such Member's death or otherwise.

Appears in 2 contracts

Samples: Operating Agreement (Cbci Income & Growth Fund LLC), Operating Agreement (Cbci Income & Growth Fund LLC)

Acquit Company. In the absence of written notice to the Company of any Transfer sale or assignment of a Membership Interestan interest in the Company, any payment by the Company to the transferring selling or assigning Member or his or its executors, administrators or representatives shall acquit the Company of liability, liability to the extent of such payment, payment to any other Person person who may have an interest in such payment by reason of a Transfer any assignment or sale by the Member or by reason of such Member's death or otherwise.

Appears in 2 contracts

Samples: Operating Agreement (Taylor Investment Corp /Mn/), Operating Agreement (Taylor Investment Corp /Mn/)

Acquit Company. In the absence of written notice to the Company of any Transfer Assignment of a Membership Interest, any payment by the Company to the transferring assigning Member (or his or its executors, administrators or representatives the assigning Member’s successor in interest) shall acquit the Company of liability, liability to the extent of such payment, payment to any other Person who may have an any interest in such payment by reason of a Transfer an Assignment by the Member Member, whether by actual Assignment or by reason operation of such Member's death or otherwiselaw.

Appears in 2 contracts

Samples: Member Control Agreement (Golden Growers Cooperative), Member Control Agreement (American Crystal Sugar Co /Mn/)

Acquit Company. In the absence of written notice to the Company of any Transfer assignment of a Membership Interest, any payment by the Company to the transferring assigning Member or his or its executors, administrators or representatives shall acquit the Company of liability, to the extent of such payment, to any other Person who may have an interest in such payment by reason of a Transfer transfer by the Member or by reason of such Member's death or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (WPT Enterprises Inc)

Acquit Company. In the absence of written notice to the Company of any Transfer of a Membership Interest, any payment by the Company to the transferring Member or his or its the Member’s executors, administrators or representatives shall acquit the Company of liability, to the extent of such payment, to any other Person who may have an interest in such payment by reason of a Transfer by the Member or by reason of such Member's ’s death or otherwise.

Appears in 1 contract

Samples: Operating Agreement (PERRIGO Co PLC)

AutoNDA by SimpleDocs

Acquit Company. In the absence of written notice to the Company of any Transfer of a Membership InterestUnits, any payment by the Company to the transferring Member or his or its executors, administrators or representatives shall acquit the Company of liability, to the extent of such payment, to any other Person who may have an interest in such payment by reason of a Transfer by the Member or by reason of such Member's death or otherwise.

Appears in 1 contract

Samples: Member Control Agreement (Active Iq Technologies Inc)

Acquit Company. In the absence of written notice to the Company of any Transfer assignment of a Membership Interest, any payment by the Company to the transferring assigning Member or his or its executorsits, administrators or representatives shall acquit the Company of liability, to the extent of such payment, to any other Person who may have an interest in such payment by reason of a Transfer by the Member or by reason of such Member's death or otherwise.

Appears in 1 contract

Samples: Operating Agreement (Famous Daves of America Inc)

Acquit Company. In the absence of written notice to the Company of any assignment or Transfer of a the Membership InterestInterests of any Member, any payment by the Company to the transferring assigning Member or his or its executors, administrators or representatives shall acquit the Company of liability, liability to the extent of such payment, payment to any other Person person who may have an interest Interest in such payment by reason of a Transfer an assignment by the Member or by reason of such Member's death or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Interactive Health, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.