Common use of Notice of Offer to Sell Clause in Contracts

Notice of Offer to Sell. Promptly following the receipt of an offer to purchase all or any portion of his, her or its Interest, a Member shall deliver a written notice (the “Sale Notice”) to the LLC and the other Members stating (i) such Member’s bona fide intention to sell his, her or its Interest, (ii) the name and address of the proposed transferee, (iii) the Interest or portion thereof to be sold and (iv) the purchase price and terms of payment upon which the Member proposes to sell such Interest.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Emvelco Corp.), Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Euroweb International Corp)

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Notice of Offer to Sell. Promptly following the receipt of an offer to purchase all or any portion of his, her or its Interest, a Member shall deliver a written notice (the "Sale Notice") to the LLC and the other Members stating (i) such Member’s 's bona fide intention to sell his, her or its Interest, (ii) the name and address of the proposed transferee, (iii) the Interest or portion thereof to be sold and (iv) the purchase price and terms of payment upon which the Member proposes to sell such Interest.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (McCarthy Grenache Inc)

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