Common use of Deadline for Completion of Sale Clause in Contracts

Deadline for Completion of Sale. The Selling Member shall have ninety (90) days following the expiration of the Tag-along Period in which to sell the Class A Units described in the Sale Notice, on terms not more favorable to the Selling Member than those set forth in the Sale Notice (which such 90-day period may be extended for a reasonable time not to exceed one hundred and twenty ( 120) days to the extent reasonably necessary to obtain any regulatory approvals). If at the end of such period the Selling Member has not completed such sale, the Selling Member may not then effect a sale of Class A Units subject to this Section 10.03 without again fully complying with the provisions of this Section 10.03.

Appears in 1 contract

Samples: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)

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Deadline for Completion of Sale. The Selling Member shall have ninety (90) days following the expiration of the Tag-along Along Period in which to sell the Class A Units Membership Interests described in the Sale Notice, on terms not more favorable to the Selling Member than those set forth in the Sale Notice and subject to the rights of the Participating Tag-Along Members set forth in this Section 9.04 (which such ninety (90-) day period may be extended for a reasonable time not to exceed one hundred and twenty ( 120) 120 days to the extent reasonably necessary to obtain any regulatory approvalsapprovals of a Governmental Authority). If at the end of such period the Selling Member has not completed such sale, the Selling Member may not then effect a sale of Class A Units Membership Interests subject to this Section 10.03 9.04 without again fully complying with the provisions of this Section 10.039.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lendway, Inc.)

Deadline for Completion of Sale. The Selling Member shall have ninety (90) days following the expiration of the Tag-along Period in which to sell the Class A Units described in the Sale Notice, on terms not more favorable to the Selling Member than those set forth in the Sale Notice (which such 90-day period may be extended for a reasonable time not to exceed one hundred and twenty ( (120) days to the extent reasonably necessary to obtain any regulatory approvals). If at the end of such period the Selling Member has not completed such sale, the Selling Member may not then effect a sale of Class A Units subject to this Section 10.03 without again fully complying with the provisions of this Section 10.03.

Appears in 1 contract

Samples: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)

Deadline for Completion of Sale. The Selling Member shall have ninety (90) days following the expiration of the Tag-along Period in which to sell the Class A Membership Units described in the Sale Notice, on terms not more favorable to the Selling Member than those set forth in the Sale Notice (which such ninety (90-) day period may be extended for a reasonable time not to exceed one hundred and twenty ( (120) days to the extent reasonably necessary to obtain any regulatory approvals). If at the end of such period the Selling Member has not completed such sale, the Selling Member may not then effect a sale of Class A Membership Units subject to this Section 10.03 13.4 without again fully complying with the provisions of this Section 10.0313.4.

Appears in 1 contract

Samples: Master Purchase Agreement (Morgans Hotel Group Co.)

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Deadline for Completion of Sale. The Selling Member shall have ninety (90) days following the expiration of the Tag-along Period in which to sell the Class A Units described in the Sale Notice, on terms not more favorable to the Selling Member than those set forth in the Sale Notice (which such ninety (90-) day period may be extended for a reasonable time not to exceed one hundred and twenty ( (120) days to the extent reasonably necessary to obtain any regulatory approvals). If at the end of such period the Selling Member has not completed such sale, the Selling Member may not then effect a sale of Class A Units subject to this Section 10.03 13.4 without again fully complying with the provisions of this Section 10.0313.4.

Appears in 1 contract

Samples: Equity Purchase Agreement (Morgans Hotel Group Co.)

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