Disposition Event. Upon the occurrence of a Disposition Event, the Company and/or the remaining Members (“Remaining Members”) shall have the option to purchase, and the Member (or his or her legal representative) whose actions or conduct resulted in the Disposition Event (“Former Member”) shall sell, the Former Member’s Membership Interest (“Former Member’s Interest”) as provided in this ARTICLE X. The Former Member shall promptly notify the Company and all Members in writing after the occurrence of a Disposition Event.
Appears in 3 contracts
Samples: Membership Interest Purchase Agreement (Nutracea), Limited Liability Company Agreement (Nutracea), Limited Liability Company Agreement (Nutracea)
Disposition Event. Upon the occurrence of a Disposition Event, the Company and/or the remaining Members (“Remaining Members”) shall have the option to purchase, and the Member (or his or her legal representative) whose actions or conduct resulted in the Disposition Event (“Former Member”) shall sell, the Former Member’s Membership Interest (“Former Member’s Interest”) as provided in this ARTICLE Article X. The Former Member shall promptly notify the Company and all Members in writing after the occurrence of a Disposition Event.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (RiceBran Technologies), Limited Liability Company Agreement (RiceBran Technologies)
Disposition Event. Upon the occurrence of a Disposition Event, the Company and/or the remaining Members (“Remaining Members”) shall have the option to purchase, and the Member (or his or her legal representative) whose actions or conduct resulted in the Disposition Event (“Former Member”) shall sell, the Former Member’s 's Membership Interest (“Former Member’s 's Interest”) as provided in this ARTICLE X. The Former Member shall promptly notify the Company and all Members in writing after the occurrence of a Disposition Event.
Appears in 1 contract
Samples: Limited Liability Company Agreement (RiceBran Technologies)
Disposition Event. Upon the occurrence of a Disposition Event, the Company and/or the remaining Class A Members other than the Former Member (“Remaining Members”) shall have the option to purchase, and the Member (or his or her legal representative) whose actions or conduct resulted in the Disposition Event (“Former Member”) shall sell, the Former Member’s Membership Interest (“Former Member’s Interest”) as provided in this ARTICLE X. The Former Member shall promptly notify the Company and all Members in writing after the occurrence of a Disposition EventSection 10.
Appears in 1 contract
