Common use of Events Creating Option To Buy Clause in Contracts

Events Creating Option To Buy. If any of the following events occurs or is attempted or proposed, the Company and the Members shall have the option and the right to buy the Affected Interest of the Transferring Holder and that Transferring Holder shall be obligated to sell the Affected Interest pursuant to the terms and conditions of this Article 13:

Appears in 2 contracts

Samples: Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc)

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Events Creating Option To Buy. If Except for the Permitted Transfers allowed under Section 7.2, if any of the following events occurs or is attempted or proposedattempted, the Company and the Members shall have the option options and the right rights to buy the Affected Interest of the a Transferring Holder Holder, and that Transferring Holder shall be obligated to sell the Affected Interest Interest, pursuant to the terms and conditions of this Article 138:

Appears in 1 contract

Samples: Member Control Agreement (Active Iq Technologies Inc)

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Events Creating Option To Buy. If any of the following events occurs or is attempted or proposed, the Company and the Members shall have the option and the right to buy the Affected Interest of the Transferring Holder and that Transferring Holder shall be obligated to sell the Affected Interest pursuant to the terms and conditions of this Article 13ARTICLE 16:

Appears in 1 contract

Samples: Operating Agreement (Famous Daves of America Inc)

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