RMGP definition
Examples of RMGP in a sentence
Seller has full power and authority to transfer the RMGP Shares to Purchaser without the consent of any other person.
Upon BLP's written notice to RTX at any time after the first anniversary of the date hereof, BLP shall have the right to purchase all of RTX's interest in RMGP (the "RMGP Interest"), except for the portion of the RTX Capital Shares which are not "Controlled Shares", as defined in the Bylaws, and as more particularly described on Schedule 1 attached hereto and made a part hereof, on payment to RTX of the purchase price of $300,000.
The RMGP Shares are duly and validly issued by RMGP, and are fully paid and non-assessable.
The closing of the sale and purchase of the RMGP Shares contemplated hereby shall take place upon the execution and delivery of this Agreement.
Upon the execution and delivery of this Agreement, Seller shall deliver to Purchaser the minute book, stock book, stock ledger, corporate seal, and other corporate books and records of RMGP.
Effective as of the date of this Agreement, all agreements and understandings between Seller, on the one hand, and Purchaser and/or RMGP, on the other hand, whether oral or written (other than this Agreement), are hereby terminated, including without limitation all revenue sharing, expense sharing, and consulting agreements.
To the extent that the stock certificate(s) described in Section 1(a) immediately above represent RTX Capital Shares in excess of the Unvested RTX Shares, Seller shall upon receipt of such stock certificate(s) and the stock assignment described in Section 1(a) above deliver to RMGP a stock certificate representing such RTX Capital Shares in excess of the Unvested RTX Shares.
Seller is the owner, beneficially and of record, of all of the RMGP Shares, which represent all of the outstanding shares of capital stock of RMGP.
Upon the execution and delivery of this Agreement, RMGP shall transfer the Unvested RTX Shares to Seller, by delivering to Seller stock certificate(s) representing the Unvested RTX Shares, duly endorsed for transfer to Seller or accompanied by an executed stock assignment separate from certificate.
Upon the execution and delivery of this Agreement, Seller shall deliver to Purchaser the certificate or certificates for the RMGP Shares, duly endorsed for transfer to Purchaser or accompanied by an executed Stock Assignment Separate From Certificate with respect to such certificate(s).