Common use of Intervening Parties Clause in Contracts

Intervening Parties. JADI and ▇▇▇▇▇▇ sign this Agreement in the capacity of guarantors of the Seller being jointly and severally responsible for any and all obligations assumed by the Seller under this Agreement and any other agreement mentioned herein, including, without, limitation, the obligation of the transfer of the Quotas and the fulfillment of any and all of the acts necessary to be done or executed by the Seller in order to complete the transfer of the Quotas, renouncing any and all benefits that JADI may have specially the benefits of order, division and enforceability established under Brazilian Law.” 2.3 The Parties further undertake to sign a new 4th Amendment to the Articles of Association of the Company to reflect the changes to the JADI Reorganization. 2.4 Notwithstanding the changes to the JADI Reorganization, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ and JADI hereby ratify and confirm the terms of Section 4.25 of the QPA regarding their liability towards the JADI Reorganization.

Appears in 1 contract

Sources: Quota Purchase Agreement (Dri Corp)

Intervening Parties. JADI and ▇▇▇▇▇▇ sign this Agreement in the capacity of guarantors of the Seller being jointly and severally responsible for any and all obligations assumed by the Seller under this Agreement and any other agreement mentioned herein, including, without, limitation, the obligation of the transfer of the Quotas and the fulfillment of any and all of the acts necessary to be done or executed by the Seller in order to complete the transfer of the Quotas, renouncing any and all benefits that JADI may have specially the benefits of order, division and enforceability established under Brazilian Law.” 2.3 The Parties further undertake to sign a new 4th Amendment to the Articles of Association of the Company to reflect the changes to the JADI Reorganization. 2.4 Notwithstanding the changes to the JADI Reorganization, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ and JADI hereby ratify and confirm the terms of Section 4.25 of the QPA regarding their liability towards the JADI Reorganization.

Appears in 1 contract

Sources: Quota Purchase Agreement (Dri Corp)