Common use of Notice of Intent to Purchase Clause in Contracts

Notice of Intent to Purchase. Within thirty (30) days after the purchase price of the Former Member’s Interest has been determined in accordance with Section 10.2, each Remaining Member shall notify the other Members in writing of such Remaining Member’s desire to purchase a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as the number of Units held by the Remaining Member bears to the aggregate of the Units held by all of the Remaining Members electing to purchase the Former Member’s Interest.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (RiceBran Technologies), Membership Interest Purchase Agreement (Nutracea), Limited Liability Company Agreement (Nutracea)

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Notice of Intent to Purchase. Within thirty (30) days after the President has notified the Remaining Members as to the purchase price of the Former Member’s 's Interest has been determined in accordance with Section 10.2, each Remaining Member shall will notify the other Members President in writing of such Remaining Member’s its desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall will constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall will be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Percentage Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Percentage Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 3 contracts

Samples: Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Playboy Enterprises Inc)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Interest has been determined in accordance with Section 10.27.3, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (CPC of America Inc)

Notice of Intent to Purchase. Within thirty (30) days after the Manager has notified the Remaining Member(s) as to the purchase price of the Former Member’s Interest has been determined in accordance with Section 10.28.1.1 above, each Remaining Member shall notify the other Members Manager in writing of such Remaining that Member’s desire to purchase buy a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable this period shall constitute an election on the part of the Remaining by that Member not to purchase buy any of the Former Member’s Interest. Each Remaining Member so electing to purchase buy shall be entitled to purchase buy a portion of the Former Member’s Interest in the same proportion as that the number Percentage Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Percentage Interests of all of the Remaining Members Member(s) electing to purchase buy the Former Member’s Interest.

Appears in 2 contracts

Samples: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Interest has been determined in accordance with Section 10.226.03, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his, her or its desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member Members bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 2 contracts

Samples: Operating Agreement (Dover Investments Corp), Operating Agreement (Dover Investments Corp)

Notice of Intent to Purchase. Within thirty (30) days after the Members have notified the Remaining Members as to the purchase price of the Former Member’s Interest has been determined in accordance with Section 10.28.2, each Remaining Member shall will notify the other Members in writing of such Remaining Member’s its desire to purchase a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable period shall will constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall will be entitled to purchase a portion of the Former Member’s Interest in the same proportion as that the number Percentage Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Percentage Interests of all of the Remaining Members electing to purchase the Former Member’s Interest.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Interest has been determined in accordance with Section 10.223.03, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his, her or its desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 2 contracts

Samples: Operating Agreement (Dover Investments Corp), Dover Investments Corp

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s Interest has been determined in accordance with Section 10.26.3, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s Interest.

Appears in 2 contracts

Samples: Operating Agreement (Extra Space Storage Inc.), Operating Agreement (Extra Space Storage Inc.)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Interest has been determined in accordance with Section 10.226.03, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member Members bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 1 contract

Samples: Operating Agreement (Dover Investments Corp)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair ---------------------------- market value of the Former Member’s 's Interest has been determined in accordance with Section 10.27.3, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Notice of Intent to Purchase. Within thirty (30) days after the ---------------------------- Remaining Members have been notified as to the purchase price of the Former Member’s 's Interest has been determined in accordance with Section 10.28.3, each Remaining Member shall notify the other Members Former Member in writing of such Remaining Member’s his desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Percentage Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Percentage Interests of all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Membership Interest has been determined in accordance with Section 10.23 of Article IX, each Remaining Member shall notify the other Members Secretary in writing of such Remaining Member’s its, his or her desire to purchase a portion of the Former Member’s 's Membership Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Membership Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Membership Interest in the same proportion as that the number Percentage Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Percentage Interests of all of the Remaining Members electing to purchase the Former Member’s 's Membership Interest.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Net Element, Inc.)

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Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Interest has been determined in accordance with Section 10.28.3, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the such Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing who does elect to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the such Remaining Member bears to the aggregate Membership Interests of the Units held by all of the Remaining Members electing who elect to purchase the Former Member’s 's Interest.

Appears in 1 contract

Samples: Operating Agreement (L-3 Communications InfraredVision Technology CORP)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price of the Former Member’s 's Interest has been determined in accordance with Section 10.2, each Remaining Member shall notify the other Members in writing of such Remaining Member’s desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as the number of Units held by the Remaining Member bears to the aggregate of the Units held by all of the Remaining Members electing to purchase the Former Member’s 's Interest.

Appears in 1 contract

Samples: Limited Liability Company Agreement (RiceBran Technologies)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s Interest has been determined in accordance with Section 10.21.1, each Remaining Member shall notify the other Members in writing of such Remaining Member’s desire desiring to purchase a portion of the Former Member’s InterestInterest shall notify the each other Member in writing of his or her interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as that the number Percentage Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Percentage Interests of all of the Remaining Members electing to purchase the Former Member’s Interest.

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s 's Interest has been determined in accordance with Section 10.28.3., each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s 's Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the such Remaining Member not to purchase any of the Former Member’s 's Interest. Each Remaining Member so electing who does elect to purchase shall be entitled to purchase a portion of the Former Member’s 's Interest in the same proportion as that the number Membership Interest of Units held by the such Remaining Member bears to the aggregate Membership Interests of the Units held by all of the Remaining Members electing who elect to purchase the Former Member’s 's Interest.

Appears in 1 contract

Samples: Operating Agreement (Titan Corp)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s Interest has been determined in accordance with Section 10.2, each Remaining Member shall notify the other Class A Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s Interest.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nutracea)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s Interest has been determined in accordance with Section 10.210.3, each Remaining Member shall notify the other Members Company in writing of such Remaining Member’s his, her or its desire to purchase a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s InterestPurchasing Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solar Power, Inc.)

Notice of Intent to Purchase. Within thirty (30) days after the purchase price fair market value of the Former Member’s Interest has been determined in accordance with Section 10.27.3, each Remaining Member shall notify the other Members in writing of such Remaining Member’s his or her desire to purchase a portion of the Former Member’s Interest. The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Remaining Member not to purchase any of the Former Member’s Interest. Each Remaining Member so electing to purchase shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as that the number Membership Interest of Units held by the Remaining Member bears to the aggregate of the Units held by Membership Interests of all of the Remaining Members electing to purchase the Former Member’s Interest.

Appears in 1 contract

Samples: Operating Agreement

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