Common use of Substitute Appointment Clause in Contracts

Substitute Appointment. In the event of the death, incapacity, liquidation, or dissolution of any Person or entity serving as the Sellers’ Representative, as applicable, the Sellers’ Representative (or its trustee, receiver or personal representative) shall promptly designate a substitute and provide written notice to Purchaser and the Sellers of such substitute, which substitute shall from the time of such designation have all the rights and responsibilities of the Sellers’ Representative hereunder.

Appears in 2 contracts

Sources: Stock and Membership Interest Purchase Agreement, Stock and Membership Interest Purchase Agreement (Cott Corp /Cn/)

Substitute Appointment. In the event of the death, incapacity, liquidation, dissolution or dissolution liquidation of any Person or entity serving as the Sellers’ Seller Representative, as applicable, the Sellers’ Seller Representative (or its trustee, receiver or personal representative) shall promptly designate a substitute and provide written notice to Purchaser and the Sellers of such substitute, which substitute shall from the time of such designation have all the rights and responsibilities of the Sellers’ Seller Representative hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (DJO Finance LLC)