Common use of Acquiring Interest Clause in Contracts

Acquiring Interest. For a period of 30 days after receipt of the Notice, the Members may acquire all, but not less than all, of the Interest at the price and under the terms specified in the Offer. If the other Members desiring to acquire the Interest cannot agree among themselves on the allocation of the Interest among them, the allocation will be proportional to the Interest of those Members desiring to acquire the Interest.

Appears in 58 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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