Co-Sale Obligations and Rights. (a) If in the Co-Sale Notice the Selling Members elect to require each of the Non-Selling Members to participate in the proposed Transaction (the “Drag-Along Election”), upon delivery of the Co-Sale Notice, each Non-Selling Member shall be required to participate in such Transfer by Transferring Units on the same terms and conditions specified in the Co-Sale Notice (the “Co-Sale Obligation”).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Quest Resource Corp)
Co-Sale Obligations and Rights. (a) If in the Co-Sale Notice the Selling Class B Members elect to require each of the Non-Selling Members to participate in the proposed Transaction (the “Drag-Along Election”), upon delivery of the Co-Sale Notice, each Non-Selling Member shall be required to participate in such Transfer by Transferring Class B Units on the same terms and conditions specified in the Co-Sale Notice (the “Co-Sale Obligation”).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)
Co-Sale Obligations and Rights. (a) If in the Co-Sale Notice the Selling Members elect to require each of the Non-Selling Members to participate in the proposed Transaction (the “Drag-Along Election”), upon delivery of the Co-Sale Notice, each Non-Selling Member shall be required to participate in such Transfer by Transferring Units Membership Interests on the same terms and conditions specified in the Co-Sale Notice (the “Co-Sale Obligation”).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Holdings GP, LP)
Co-Sale Obligations and Rights. (a) If in the Co-Sale Notice the Selling Members elect to require each of the Non-Selling Members to participate in the proposed Transaction (the “"Drag-Along Election”"), upon delivery of the Co-Sale Notice, each Non-Selling Member shall be required to participate in such Transfer by Transferring Units Membership Interests on the same terms and conditions specified in the Co-Sale Notice (the “"Co-Sale Obligation”").
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Holdings GP, LP)
Co-Sale Obligations and Rights. (a) If in the Co-Sale Notice the Selling Class B Members elect to require each of the Non-Selling Members to participate in the proposed Transaction (the “"Drag-Along Election”"), upon delivery of the Co-Sale Notice, each Non-Selling Member shall be required to participate in such Transfer by Transferring Class B Units on the same terms and conditions specified in the Co-Sale Notice (the “"Co-Sale Obligation”").
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)