Common use of Liquidation Notice Clause in Contracts

Liquidation Notice. At any time on or after the occurrence of a Notice Event, each Class A Member may elect to cause such Notice Event to result in a Liquidating Event by delivering to the Managing Member a notice (a “Liquidation Notice”) of such election; provided that: (i) such Notice Event shall not result in a Liquidating Event until the expiration of ten (10) Business Days following such delivery, (ii) such Class A Member may rescind such Liquidation Notice by delivering to the Managing Member a notice prior to such tenth (10th) Business Day, and (iii) a Liquidation Notice automatically will be deemed rescinded upon the election within such ten (10) Business Day period by any one or more of the IMS Health Members pursuant to the Purchase Option to purchase all Class A Members’ Interests.

Liquidation Notice. At any time on or after the occurrence of a Notice Event, each the Class A Member may elect to cause such Notice Event to result in a Liquidating Event by delivering to the Managing Member a notice (a “Liquidation Notice”) of such election; provided that: (i) such Notice Event shall not result in a Liquidating Event until the expiration of ten three (103) Business Days following such delivery, (ii) such the Class A Member may rescind such Liquidation Notice by delivering to the Managing Member a notice prior to such tenth third (10th3rd) Business Day, and (iii) a Liquidation Notice automatically will be deemed rescinded upon the election within such ten three (103) Business Day period by any one the Managing Member (or more of the IMS Health Members its designee) pursuant to the Purchase Managing Member Redemption Option to purchase redeem all of the Class A Members’ InterestsMember’s Interest pursuant to Section 10.8.