Common use of Buy-Out Provisions Clause in Contracts

Buy-Out Provisions. (a) In the event of an unremedied finding that a Member is an Unsuitable Person and the sending of notice by a Licensed Member of its intention to exercise the rights set forth in this Section 15.4, the provisions of this Section 15.4 shall apply, notwithstanding any other provision herein to the contrary.

Appears in 2 contracts

Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Trackpower Inc)

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Buy-Out Provisions. (iii) (a) In the event of an unremedied finding that a Member is an Unsuitable Person and the sending of notice by a Licensed Member of its intention to exercise the rights set forth in this Section 15.4, the provisions of this Section 15.4 shall apply, notwithstanding any other provision herein to the contrary.

Appears in 1 contract

Samples: Operating Agreement (Trackpower Inc)

Buy-Out Provisions. (a) 7.2.2.4.1. In the event of an unremedied finding that a Member is an Unsuitable Person and the sending of notice by a Licensed Member of its intention to exercise the rights set forth in this Section 15.47.2.2.4, the provisions of this Section 15.4 7.2.2.4 shall apply, notwithstanding any other provision herein to the contrary.

Appears in 1 contract

Samples: Operating Agreement (Nevada Gold & Casinos Inc)

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Buy-Out Provisions. (a) In the event of an unremedied finding that a Member is an Unsuitable Person and the sending of notice by a Licensed Member of its intention to exercise the rights set forth in this Section 15.4, the provisions of this Section 15.4 shall apply, notwithstanding any other provision herein to the contrary.. Execution Copy November 8, 2005

Appears in 1 contract

Samples: Operating Agreement (Nevada Gold & Casinos Inc)

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