A membership agreement, also known as an Act of Accession, is used to allow a new party to acquire shares in a private company and become part of the company`s shareholders` agreement. Shares may be transferred from an existing shareholder to the new member or the company may issue new shares to the investor. With the signing of the membership agreement, the new investor is now bound by the company`s shareholders` agreement like the original members. This allows shareholders to avoid having to draft a new agreement and terminate the agreement each time a new party invests in the company. I am a New York Licensed Attorney with over 6 years of experience in drafting, reviewing and negotiating a variety of contracts and agreements. I have experience in sports and entertainment, real estate, healthcare, estate planning and with start-ups. I am confident that I can help you with all your legal needs. Agreement by which an applicant from the Party to the Framework Agreement accedes. The successor market operator becomes a contracting party and is contractually bound by the Framework Agreement and the Market Regulation Code from the date specified in the Accession Agreement. [Signature page for notification of obligations of potential lenders] Rishma D. Eckert, Esq. is a business lawyer who mainly represents national and international companies and entrepreneurs. Originally from Belize and Guyana, she remains engaged in the Caribbean community in South Florida as a board member and general counsel of the Belize American Chamber of Commerce in Florida and as a member of the U.S.-Guyana Chamber of Commerce.
She holds a Bachelor of Laws (LL.B.) from the University of Guyana in South America, a Master of International and Comparative Law (LL.M.) from Stetson University College of Law in Gulfport, Florida, and a Juris Doctor (J.D.) from St. Thomas University School of Law in Miami, Florida. Ms. Eckert, who holds a license from the State of Florida and the Federal Court for the Southern District of Florida, focuses her passion and practice on structuring and training national and international businesses, corporate governance, negotiating and drafting contracts, as well as trademark and copyright registrations. Richard is a magician who tackles bureaucracies and gets the job done. His clients appreciate his simple advice and ability to use first-class legal staff for efficient and effective results. Richard is a professional engineer, law professor and was voted among the top 2.5% of lawyers in Texas by super lawyers®. When he`s not getting results for his clients, Richard can be found with his small herd on his Texas property…
One. Reference is made to the five-year revolving credit agreement dated October 2, 2007 (as amended, the “Credit Agreement”) between Alcoa, the lenders and issuers involved therein, Citibank, N.A. (“Citi” as the managing agent for lenders and issuers, and Barclays Bank PLC as the syndication agent). In December 2001, KEDO and the Community concluded an extension of the Accession Agreement between KEDO and Euratom of September 1997 for a period of five years. The original registration data provided on BSCP65/01 (a) would continue to be transmitted to ELEXON with the application fee and the membership agreement. (c) The amount of the obligation of each acceding creditor supplements Annex 2.01 (a) to the credit agreement. [PAGE WITH THE SIGNING OF ALCOA`S ACCESSION AGREEMENT OF 28 JULY 2008] SECTION 3. Efficiency. (a) This Agreement will come into force on July 28, 2008 (the “Effective Date”), subject to receipt of (i) the considerations to this Agreement duly signed on behalf of each of the member lenders and alcoa, and (ii) the documents to be provided by Alcoa pursuant to the penultimate sentence of Section 2.20 of the Credit Agreement. ACCESSION AGREEMENT of 28.
July 2008 (“this Agreement”) between US BANK, NATIONAL ASSOCIATION, SOCIÉTÉ GÉNÉRALE and THE GOVERNOR AND THE BANK OF IRELAND COMPANY (each, a “Member Lender” and collectively, the “Member Lenders”), ALCOA INC., a Pennsylvania Company (“Alcoa”), and CITIBANK, N.A., as the administrative agent (the “Administrative Agent”) for the Lenders and Issuers (as defined in the Credit Agreement below). SECTION 1. Membership of the credit agreement. (a) Each subscribing creditor hereby accedes to the credit agreement on the effective date and thereafter has the rights and obligations of a creditor under this Agreement with the same force and effect as if it had originally been designated as a lender in this Agreement. (b) Upon entry into force of this Agreement, the Administrative Agent shall immediately inform the Lenders. The market operator shall immediately inform all commercial parties and the Authority of the execution and issuance of each accession agreement. A membership agreement on the borrower, properly executed by the additional borrower and the parent company. . Pursuant to Section 2.20(a) of the Credit Agreement, Alcoa and the Lender set forth below will hereby notify you that such Lender will increase its obligation under the Loan Agreement by the amount set forth below (the “Increase”) from the Effective Date (as defined below): SECTION 4. Foreign lenders. If a member lender is organized under the laws of a jurisdiction outside the United States, on the effective date, it will provide the forms set forth in Section 2.18(g) of the Credit Agreement at the times specified therein, duly completed and executed by that member lender. Brand A.
Addington focuses his practice primarily on labor disputes, including contractual disputes, restrictive agreements (such as non-compete law, non-solicitation, or restrictions on confidential information), wage and hour defense, harassment, retaliatory dismissal, disability, age, religion, race, and gender discrimination. (b) the respective obligation of each acceding creditor is equal to the amount indicated at his signature; SECTION 8. Remarks. All notices and notices under this Agreement shall be in writing and given in accordance with Section 10.01 of the Credit Agreement. All notices and notices under this Agreement to each subscribing lender will be delivered to them at the address indicated under their signature. SECTION 7. Divisibility. In the event that one or more of the provisions contained in this Agreement are held to be invalid, illegal or unenforceable in any respect, neither party to this Agreement shall be required to comply with such provision as long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the other provisions contained herein and in the Credit Agreement; will not be affected or altered in any way. The Parties shall endeavour to replace in good faith ineffective, illegal or unenforceable provisions with effective provisions whose economic effect is closest to ineffective, illegal or unenforceable provisions. With the delivery of a membership agreement to the borrower signed by the respective subsidiary and the company, the subsidiary in question becomes an additional borrower.
C. Pursuant to paragraph 2.20(a) of the credit agreement, Alcoa has required each of the member lenders and each of the member lenders to become a party to the credit agreement and to assume a lender`s obligations under it […].