Common use of Closing Terms Clause in Contracts

Closing Terms. This Section 20.06 sets forth and will govern the procedures, terms and conditions pursuant to which a Member selling its Membership Interest (the "Selling Member") will be transferred to a Member purchasing the Selling Member's Membership Interest (the "Purchasing Member") pursuant to Section 20.03.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CBL & Associates Properties Inc), Master Transaction Agreement (CBL & Associates Properties Inc), Limited Liability Company Agreement (CBL & Associates Properties Inc)

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Closing Terms. This Section 20.06 sets forth and will govern the procedures, terms and conditions pursuant to which a Member selling its Membership Interest (the "Selling Member") will be transferred to a Member purchasing the Selling Member's ’s Membership Interest (the "Purchasing Member") pursuant to Section 20.03.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL/Regency I, LLC)

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