Common use of Expiration of Interests of Governing Members Clause in Contracts

Expiration of Interests of Governing Members. On the final day of each Governing Member’s Term that has not been renewed pursuant to Section 4.3(g), the Council shall purchase such Governing Member’s Interest at the price equal to the Initial Capital Contribution plus any additional Capital Contributions.

Appears in 22 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Expiration of Interests of Governing Members. On the final day of each Governing Member’s Term that has not been renewed pursuant to Section 4.3(g), the Council shall purchase such Governing Member’s Interest at the price equal to the Initial Capital Contribution plus any additional Capital Contributions.Cap...

Appears in 1 contract

Samples: Limited Liability Company Agreement

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