Common use of UNAB Takeover Clause in Contracts

UNAB Takeover. The following documents necessary for the Buyer taking full and absolute control of UNAB: (i) Minutes of an Extraordinary Assembly of Active Members (Asamblea Extraordinaria de Socios Activos) that takes place on or before the Closing Date, in which (a) Desup and Instituto 2 are appointed as ctive members (socios activos) of UNAB, (b) the current Directive Board is revoked and a new Directive Board is appointed by Desup and Instituto 2. (ii) Resignation letters from the following active members (socios activos) of UNAB: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Sapiain, ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ Selume Zaror, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇.

Appears in 2 contracts

Sources: Acquisition Agreement, Acquisition Agreement (Sylvan Learning Systems Inc)