Acceptance of Offer; Closing. Upon the acceptance by all or some of the non-transferring Members of the Transferring Member's offer, the transfer of the Offered Interest from the Transferring Member to the purchasing Member(s) (the "Purchasing Member(s)") shall be closed and consummated in the principal office of the Company, on or before 11:00 A.M. local time on the ninetieth (90th) day following the Notice Date (or, if such day is not a business day, the business day next following such day). At such closing, the Transferring Member shall execute and deliver all documents and instruments to the Purchasing Member(s) as are reasonably deemed appropriate by counsel to the Company to effectuate the transfer. The Purchasing Member(s) shall acquire the Offered Interest subject to the transfer restrictions of this Agreement as to further Transfers of all or any part of such Offered Interest.
Appears in 6 contracts
Samples: Operating and Joint Venture Agreement (Afg Investment Trust C), Operating and Joint Venture Agreement (Semele Group Inc), Operating and Joint Venture Agreement (Semele Group Inc)
