Common use of Default Buy Out Clause in Contracts

Default Buy Out. With respect to any default under Section 15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution), above, to exercise of the default buy out rights provided in Section 15.6, below, subject to Section 4.4E.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

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Default Buy Out. With respect to any default under Section 15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution or Additional Entitlement Stage Contribution), above, to the exercise of the default buy out rights provided in Section 15.6, below, subject to Section 4.4E.4.5B.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

Default Buy Out. With respect to any default under Section 15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution)13.1A, above, to the exercise of the default buy out rights provided in Section 15.613.6, below, subject to Section 4.4E.4.6B.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

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Default Buy Out. With respect to any default under Section 15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution), above, to exercise of the default buy out rights provided in Section 15.6, below, subject to Section 4.4E.4.4E. 66

Appears in 1 contract

Samples: Limited Liability Company Agreement

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