Examples of NB LLC Agreement in a sentence
By its execution hereof, NB LLC acknowledges that the Executive Committee of NB LLC approves of the form of this Agreement, acknowledges receipt of a duly executed copy of the same, consents to the assignment of all of the NB LLC Interests to the Company in accordance with Section 4.5 of the NB LLC Agreement and consents to the admission of the Company as a New Member of NB LLC in accordance with Section 4.7 of the NB LLC Agreement.
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At the Effective Time, the Company shall become the sole member of NB LLC, and each Management Stockholder shall be released from all obligations under the NB LLC Agreement.
The Company hereby accepts, as of the Effective Time, the assignment of the NB LLC Interests and assumes and agrees to perform and be bound by, as of the Effective Time, any and all of the conditions, covenants and obligations of the Founder Stockholders pursuant to the NB LLC Agreement as if the Company had executed the NB LLC Agreement originally with respect to the NB LLC Interests.
The price assigned to defaulted transaction items will be the replacement cost of material or services as of the date that the replacement was due.
At the Effective Time, the Company shall become the sole member of NB LLC, and each Founder Stockholder shall be released from all obligations under the NB LLC Agreement.
Immediately after the Effective Time, each Management Stockholder shall receive in consideration for the exchange of such Management Stockholder's NB LLC Interest, the number of shares of Common Stock equal to the product of 71,278,650 and such Management Stockholder's Operations Percentage (as defined in the NB LLC Agreement).
The Company hereby accepts the assignment of the NB LLC Interests and assumes and agrees to perform and be bound by any and all of the conditions, covenants and obligations of the Management Stockholders pursuant to the NB LLC Agreement as if the Company had executed the NB LLC Agreement originally with respect to the NB LLC Interests.
Each Founder Stockholder hereby affirms and agrees that, from and after the Effective Time, such Founder Stockholder shall have no rights under the NB LLC Agreement, including, without limitation, any rights under Section 13 thereof relating to a sale of NB LLC and/or an NB Group Affiliate (as defined in the NB LLC Agreement) and/or a division of NB LLC.