Common use of Buy-Sell Procedure Clause in Contracts

Buy-Sell Procedure. 9.01 If any of the Parties are desirous of purchasing the Ownership Interest of a Defaulting Party as defined in Section 8.02 hereof, the transaction shall be initiated and completed in the following manner. The said party (hereinafter referred to as the "Offeror") shall give to the other party (hereinafter referred to as the "Offeree") notice in writing which shall contain the following terms and provisions:

Appears in 5 contracts

Samples: Joint Venture Agreement, Operating Agreement (Lexaria Corp.), Joint Venture Agreement (Enertopia Corp.)

AutoNDA by SimpleDocs

Buy-Sell Procedure. 9.01 8.01 If any of the Parties are desirous of purchasing the Ownership Interest of a Defaulting Party as defined in Section 8.02 hereof, the transaction shall be initiated and completed in the following manner. The said party (hereinafter referred to as the "Offeror") shall give to the other party (hereinafter referred to as the "Offeree") notice in writing which shall contain the following terms and provisions:

Appears in 2 contracts

Samples: Acquisition and Joint Venture Agreement (Enertopia Corp.), Acquisition and Joint Venture Agreement (Lexaria Corp.)

AutoNDA by SimpleDocs

Buy-Sell Procedure. 9.01 8.01 If any of the Parties are desirous of purchasing the Ownership Interest of a Defaulting Party as defined in Section 8.02 7.02 hereof, the transaction shall be initiated and completed in the following manner. The said party (hereinafter referred to as the "Offeror") shall give to the other party (hereinafter referred to as the "Offeree") notice in writing which shall contain the following terms and provisions:

Appears in 1 contract

Samples: Joint Venture Agreement (Enertopia Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!