Common use of CLOSING OF PURCHASE OF DEFAULTING MEMBER'S MEMBERSHIP INTEREST Clause in Contracts

CLOSING OF PURCHASE OF DEFAULTING MEMBER'S MEMBERSHIP INTEREST. The closing for the sale of a defaulting Member’s Interest pursuant to this Section 3.8 shall be held at 10:00 a.m. at the principal office of Company no later than sixty (60) days after the determination of the purchase price, except that if the closing date falls on a Saturday, Sunday, or legal holiday, then the closing shall be held on the next succeeding business day. At the closing, the defaulting Member or such defaulting Member’s legal representative shall deliver to the Company or the non-defaulting Members an instrument of transfer (containing warranties of title and no encumbrances) conveying the defaulting Member’s Membership Interest. The defaulting Member or such defaulting Member’s legal representative, the Company and the non-defaulting Members shall do all things and execute and deliver all papers as may be necessary fully to consummate such sale and purchase in accordance with the terms and provisions of this Agreement.

CLOSING OF PURCHASE OF DEFAULTING MEMBER'S MEMBERSHIP INTEREST. The closing for the sale of a defaulting Member’s 's Interest pursuant to this Section SECTION 3.8 shall be held at 10:00 a.m. at the principal office of Company no later than sixty (60) days after the determination of the purchase price, except that if the closing date falls on a Saturday, Sunday, or legal holiday, then the closing shall be held on the next succeeding business day. At the closing, the defaulting Member or such defaulting Member’s 's legal representative shall deliver to the Company or the non-defaulting Members an instrument of transfer (containing warranties of title and no encumbrances) conveying the defaulting Member’s 's Membership Interest. The defaulting Member or such defaulting Member’s 's legal representative, the Company and the non-defaulting Members shall do all things and execute and deliver all papers as may be necessary fully to consummate such sale and purchase in accordance with the terms and provisions of this Agreement.

CLOSING OF PURCHASE OF DEFAULTING MEMBER'S MEMBERSHIP INTEREST. The closing for the sale of a defaulting Member’s 's Interest pursuant to this Section 3.8 shall be held at 10:00 a.m. at the principal office of Company no later than sixty (60) days after the determination of the purchase price, except that if the closing date falls on a Saturday, Sunday, or legal holiday, then the closing shall be held on the next succeeding business day. At the closing, the defaulting Member or such defaulting Member’s 's legal representative shall deliver to the Company or the non-defaulting Members an instrument of transfer (containing warranties of title and no encumbrances) conveying the defaulting Member’s 's Membership Interest. The defaulting Member or such defaulting Member’s 's legal representative, the Company and the non-defaulting Members shall do all things and execute and deliver all papers as may be necessary fully to consummate such sale and purchase in accordance with the terms and provisions of this Agreement.

CLOSING OF PURCHASE OF DEFAULTING MEMBER'S MEMBERSHIP INTEREST. The closing for the sale of a defaulting Member’s 's Interest pursuant to this Section SECTION 3.8 shall be held at 10:00 a.m. at the principal office officer of Company no later than sixty (60) days after the determination of the purchase price, except that if the closing date falls on a Saturday, Sunday, or legal holiday, then the closing shall be held on the next succeeding business day. At the closing, the defaulting Member or such defaulting Member’s 's legal representative shall deliver to the Company or the non-defaulting Members an instrument of transfer (containing warranties of title and no encumbrances) conveying the defaulting Member’s 's Membership Interest. The defaulting Member or such defaulting Member’s 's legal representative, the Company and the non-defaulting Members shall do all things and execute and deliver all papers as may be necessary fully to consummate such sale and purchase in accordance with the terms and provisions of this Agreement.