Common use of Buy/Sell Option Clause in Contracts

Buy/Sell Option. In the event of a failure to resolve a Deadlock pursuant to Section 15.2 within forty (40) Business Days after a Member makes the request for resolution by the Chief Executive Officers (an "UNRESOLVED DEADLOCK"), either Member, at any time thereafter, shall be authorized to offer to purchase all of the Interest of the other Member pursuant to the procedures set forth in the following provisions:

Appears in 2 contracts

Samples: Operating Agreement (Crescent Operating Inc), Operating Agreement (Crescent Operating Inc)

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Buy/Sell Option. In the event of a failure to resolve a Deadlock pursuant to Section 15.2 within forty (40) Business Days after a Member makes the request for resolution by the Chief Executive Officers (an "UNRESOLVED DEADLOCKUnresolved Deadlock"), either Member, at any time thereafter, shall be authorized to offer to purchase all of the Interest of the other Member pursuant to the procedures set forth in the following provisions:

Appears in 2 contracts

Samples: Operating Agreement (Magellan Health Services Inc), Operating Agreement (Magellan Health Services Inc)

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