Common use of Unit Power Clause in Contracts

Unit Power. Concurrently with the execution of this Agreement, the Buyer shall execute in blank one unit transfer power in the form attached hereto as Exhibit D (the “Unit Power”) with respect to the Purchased Units and shall deliver such Unit Power to the Company. The Unit Power shall authorize the Company to assign, transfer and deliver the Purchased Units to the appropriate acquirer thereof pursuant to Section 10 of this Agreement or Section 11.3 of the LLC Agreement.

Appears in 2 contracts

Sources: Incentive Unit Subscription Agreement (Cricut, Inc.), Zero Strike Incentive Unit Subscription Agreement (Cricut, Inc.)