Common use of Security Powers Clause in Contracts

Security Powers. Concurrently with the execution of this Agreement, Executive shall each in blank ten security transfer powers in the form of Exhibit C-1 and Exhibit C-2, respectively, attached hereto (the “Security Powers”) with respect to the Executive Securities and shall deliver such Security Powers to the Company. The Security Powers shall authorize the Company to assign, Transfer and deliver the Executive Securities to the appropriate acquiror thereof pursuant to Section 3 below or Section 8.2 of the LLC Agreement and under no other circumstances.

Appears in 2 contracts

Samples: Senior Management Agreement (Maravai Lifesciences Holdings, Inc.), Senior Management Agreement (Maravai Lifesciences Holdings, Inc.)

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Security Powers. Concurrently with the execution of this Agreement, Executive shall each execute in blank ten security transfer powers in the form of Exhibit C-1 and Exhibit C-2, respectively, C attached hereto (the “Security Powers”) with respect to the Executive Securities and shall deliver such Security Powers to the Company. The Security Powers shall authorize the Company to assign, Transfer and deliver the Executive Securities to the appropriate acquiror thereof pursuant to Section 3 below or Section 8.2 of the LLC Agreement and under no other circumstances.Security

Appears in 1 contract

Samples: Senior Management Agreement (Maravai Lifesciences Holdings, Inc.)

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Security Powers. Concurrently with the execution of this Agreement, Executive shall each execute in blank ten security transfer powers in the form of Exhibit C-1 and Exhibit C-2, respectively, D attached hereto (the “Security Powers”) with respect to the Executive Securities and shall deliver such Security Powers to the Company. The Security Powers shall authorize the Company to assign, Transfer and deliver the Executive Securities to the appropriate acquiror thereof pursuant to Section 3 below or Section 8.2 of the LLC Agreement and under no other circumstances.

Appears in 1 contract

Samples: Senior Management Agreement (Maravai Lifesciences Holdings, Inc.)

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