Authority and Other Member’s Right to Purchase Sample Clauses

Authority and Other Member’s Right to Purchase. Within forty (40) working days of receiving the Notice of Offer to Sell (“Notice Period”) the other Member shall either elect to purchase the Offering Member’s capacity in writing (Notice to Exercise ROFR) or to decline (Notice to Decline ROFR). At the conclusion of the Notice Period or upon receipt of the Notice to Decline ROFR, whichever occurs first, the Authority shall have a Notice Period in which to elect or decline the ROFR.
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Related to Authority and Other Member’s Right to Purchase

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