Joinder of Additional Parties Sample Clauses
The Joinder of Additional Parties clause establishes the process by which new parties can be formally added to an existing agreement. Typically, this clause outlines the requirements for consent from the original parties and may specify the documentation or procedures necessary for a new party to become bound by the contract's terms. Its core function is to provide a clear and orderly mechanism for expanding the scope of the agreement, ensuring that all parties are properly integrated and legally obligated, thereby preventing disputes over participation or obligations.
Joinder of Additional Parties. Future holders of the Company's capital stock (or of options, warrants, conversion rights or other rights to acquire such capital stock) may become party hereto as a Stockholder by executing a joinder hereto in a form reasonably satisfactory to the Company.
Joinder of Additional Parties. The parties to the Participation Agreement agree to the joinder of MFD and Trustar as parties to the Participation Agreement, as supplemented and amended from time to time, but solely for the purposes expressly set forth herein. MFD shall be entitled to all of the rights and benefits, and subject to all of the obligations, of the Participation Agreement, as modified from time to time. The respective obligations of MFD, the Trust and MFS shall be several and not joint. Trustar shall be entitled to all of the rights and benefits of the Participation Agreement, but shall only be responsible for the obligations specified in this Agreement.
Joinder of Additional Parties. (I) Any party in commenced arbitral proceedings may apply in writing to join an additional party under the same arbitration agreement to the arbitration. Whether or not to accept such application shall be decided by the HIAC where the arbitral tribunal has not been constituted or by the arbitral tribunal if it has been constituted.
(II) Upon the unanimous consent of the parties and the additional party, the additional party may apply in writing to join the arbitration proceedings. The decision on whether to accept such application shall be decided by the arbitral tribunal. Where the arbitral tribunal has not been composited yet, the decision on whether to accept such application shall be made by the HIAC.
(III) The party applying for joinder shall submit a joinder application (“the Joinder Application”). So far as the contents of the Joinder Application and matters such as acceptance and defense are concerned, Articles 12 to 15 of the Rules shall apply mutatis mutandis.
(IV) Where the HIAC or arbitral tribunal accepts the joinder application, the parties on both sides shall nominate and appoint arbitrators afresh in accordance with Articles 23, 24, 62 and 69 of the Rules, unless the parties agree to the continuation of the hearing by the original arbitral tribunal.
Joinder of Additional Parties. The Additional Parties shall as of the date first written above each become party to and bound by the terms of the Subordination Agreement as amended hereby.
Joinder of Additional Parties. Prior to giving effect to Transfer of Warrants, Warrant Stock, Series B Preferred Stock or Preferred Conversion Shares during the term of this Agreement, the transferee or purchaser of such securities, to the extent such Person is not already a party to this Agreement, shall (i) execute a joinder to this Agreement, in form and substance reasonably acceptable to the Company and the Significant Holder, in which such Person shall agree to be an “Investor” for all purposes of this Agreement. Upon the execution and delivery of any such Joinder, Schedule A shall be revised accordingly. Any such joinder and revision to Schedule A shall not be deemed to be an amendment of this Agreement.
Joinder of Additional Parties. In order for any Person to be added as a party to this Agreement, such Person shall have executed and delivered a joinder to the Company substantially in the form of Exhibit K attached hereto and incorporated by reference. For purposes of this section, a “
Joinder of Additional Parties. When, and if, additional Members are admitted as Members of the Company, whether through the issuance of additional Interests or the Transfer of Interests, and the requisite number of Members consent to admit such Transferee as a Member, as a condition precedent to such issuance or Transfer, the recipient of each such issue or each Transferee to be a Member shall sign a counterpart signature page to this Agreement in the form attached as Exhibit D hereto and become a party to and be bound by this Agreement as if such Person or entity were an original party to this Agreement. Thereafter, this Agreement shall inure to the benefit of and be binding upon such Person, his or her spouse and their respective successors, heirs and permitted assigns.
Joinder of Additional Parties. (i) If an Indirect Interest with respect to SFX is Transferred to a transferee in accordance with the terms hereof, then such transferee will thereby be bound as an SFX Party in respect of such Indirect Interest.
(ii) If an Indirect Interest with respect to ID&T International is Transferred to a transferee in accordance with the terms hereof, then such transferee will thereby be bound as an Ultimate ID&T Shareholder in respect of such Indirect Interest.
Joinder of Additional Parties. Each additional party that makes a Senior Term Loan, Mezzanine Loan or a Subordinate Loan after the date hereof shall, without the consent of any Creditor, become a Creditor under this Agreement upon the execution and delivery of a Counterpart by such additional Creditor to the Creditors, with such Counterparty denoting whether an additional party is a Senior Term Lender, Mezzanine Lender or Subordinate Lender. Each other party to this Agreement expressly agrees that its rights and obligations arising hereunder shall continue after giving effect to the addition of any such additional Creditor as a party to this Agreement.
Joinder of Additional Parties. Additional Local Governments may participate in this ILA with the approval of their respective governing boards. Such entities will be required to approve and enter into this ILA, agreeing to be bound by all terms and conditions contained herein. The participation of additional entities in this ILA will not require the approval of the other Parties.