Examples of Interest Purchase Agreement in a sentence
The City and Buyer may, at City’s election, enter into a Membership Interest Purchase Agreement pursuant to which the City may use some of its designated closing proceeds or other funds as determined at the election of the City to purchase up to 33% of the voting membership interests of Buyer.
Borrower has heretofore furnished Lender a true and correct copy of that certain Membership Interest Purchase Agreement dated on or about the date hereof (the “Purchase Agreement”) by and among Holdings, Sellers and Xxxx Xxxxxxxxx in his capacity as Sellers’ Representative, and each other agreement and instrument entered into in connection with the Acquisition on the Closing Date (collectively, the “Acquisition Agreements”).
No Party may obtain duplicative indemnification or other recovery for Losses and recoveries under one or more provisions of this Agreement, the Stock Purchase Agreement, and the Membership Interest Purchase Agreement, the Sublicense Agreement or any other agreement ancillary thereto.
Notwithstanding anything to the contrary in this Agreement, the transfer restrictions set forth in Section 1.1 shall not apply to the transfer of any Released Shares (as defined in Section 2) or to a transfer of the Restricted Securities to the Company pursuant to a redemption initiated by the Company or pursuant to that certain Interest Purchase Agreement between the Company and the Restricted Shareholder dated as December , 2019.
Within two (2) business days following mutual execution of the LLC Membership Interest Purchase Agreement (“Purchase Agreement”), Buyer shall deposit into a mutually agreed upon trust account as xxxxxxx money toward the payment of the Purchase Price an amount equal to $50,000.00 (the “Xxxxxxx Money”).