Examples of Approved Sale in a sentence
Each Member shall take all necessary or desirable actions in connection with the consummation of the Approved Sale as requested by the Company.
If the Approved Sale is structured (i) as a merger or consolidation, each Member shall waive any dissenters’ rights, appraisal rights or similar rights in connection with such merger or consolidation or (ii) as a sale of Interests, each Member agrees to sell all of his, her or its Interests and any rights to acquire Interests on the terms and conditions approved by the Majority-In-Interest of the Members.
The Company Security Holders shall not be required to comply with, and shall have no rights under, Sections 4, 6, and 8 in connection with any Approved Sale.
If the Majority-In-Interest of the Members approves a Sale Transaction in accordance with Section 7.4(f) (an “ Approved Sale”), each Member shall vote for, and each Member shall consent to and raise no objections against, such Approved Sale.
Each Company Security Holder, together with the Company, is hereby obligated to consent to, and raise no objections against, such Approved Sale, and each Company Security Holder is hereby obligated to sell its Company Securities on the terms and subject to the conditions approved by such Dragging Members.