Common use of AMCIC Clause in Contracts

AMCIC. (a) shall transfer the Hope Membership Interests to Bird; (b) shall procure that an officer of Hope procures that the capital account maintained by Hope for AMCIC be closed and the balance be transferred into the name of Bird and consolidated with the existing capital account maintained by Hope for Bird; (c) shall procure the delivery to Bird of resignation letters (duly executed as deeds) from ▇▇ ▇▇▇▇▇▇▇▇ Molaris as director and officer, ▇▇ ▇▇▇▇ ▇. Mende as director and ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ as assistant secretary, in agreed form; and (d) shall pay the ▇▇▇▇▇▇ Purchase Price by electronic funds transfer for value on the day of Completion to the Nominated Account and payment of the ▇▇▇▇▇▇ Purchase Price into such account shall constitute a good discharge to Bird in respect of it.

AMCIC. (a) shall transfer the Hope Membership Interests to Bird; (b) shall procure that an officer of Hope procures that the capital account maintained by Hope for AMCIC be closed and the balance be transferred into the name of Bird and consolidated with the existing capital account maintained by Hope for Bird; (c) shall procure the delivery to Bird of resignation letters (duly executed as deeds) from ▇M▇ ▇▇▇▇▇▇▇▇ Molaris as director and officer, ▇M▇ ▇▇▇▇ ▇. Mende as director and ▇M▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ as assistant secretary, in agreed form; and (d) shall pay the ▇L▇▇▇▇▇ Purchase Price by electronic funds transfer for value on the day of Completion to the Nominated Account and payment of the ▇L▇▇▇▇▇ Purchase Price into such account shall constitute a good discharge to Bird in respect of it.