Common use of Death Buy Out Clause in Contracts

Death Buy Out. Notwithstanding the foregoing provision of Section 8, the Members covenant and agree that on the death of any Member, the Company, at its option, by providing written notice to the estate of the deceased Member within 180 days of the death of the Member, may purchase, acquire, and redeem the Interest of the deceased Member in the Company pursuant to the provision of Section 8.5.

Death Buy Out. Notwithstanding the foregoing provision of Section 87, the Members covenant and agree that on the death of any Member, the Companycompany, at its option, by providing written notice to the estate of the deceased Member within 180 days of the death of the Membermember, may purchase, acquire, and redeem the Interest of the deceased Member in the Company pursuant to the provision of Section 8.5section 7.5.

Death Buy Out. Notwithstanding the foregoing preceding provision of Section 8Article 5.3, the Members covenant and agree that on the death of any Member, the Company, at its option, by providing written notice to the estate of the deceased Member within 180 days of the death of the Member, may purchase, acquire, and redeem the Interest interest of the deceased Member in the Company pursuant to the provision of Section 8.5this Article.

Death Buy Out. Notwithstanding the foregoing provision of Section 8, the Members Member(s) covenant and agree that on the death of any Member, the Company, at its option, by providing written notice to the estate of the deceased Member within 180 days of the death of the Member, may purchase, acquire, and redeem the Interest of the deceased Member in the Company pursuant to the provision of Section 8.5.