Common use of Default Buy Out Clause in Contracts

Default Buy Out. With respect to any default under Section 13.1A, above, the exercise of the default buy out rights provided in Section 13.6, below, subject to Section 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 13.1A15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution), above, the to exercise of the default buy out rights provided in Section 13.615.6, below, subject to Section 4.6B.4.4E.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

Default Buy Out. With respect to any default under Section 13.1A15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution), above, the to exercise of the default buy out rights provided in Section 13.615.6, below, subject to Section 4.6B.4.4E. 66

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Default Buy Out. With respect to any default under Section 13.1A15.1A (exclusive of any failure to make timely any Entitlement Stage Contribution or Additional Entitlement Stage Contribution), above, the exercise of the default buy out rights provided in Section 13.615.6, below, subject to Section 4.6B.4.5B.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

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