Option to the Members Sample Clauses

Option to the Members. In the case of a proposed Transfer described in paragraph (a) of this Section 13.2 by a Member, for ten (10) Business Days following the receipt of the Notice, the Members other than the Member whose Membership Interests are sought to be sold (the “Other Members”) shall have the option to purchase all or any part of the Option Interest at the purchase price as determined in Section 13.4 hereof (the “Purchase Price”) and on the terms of payment set forth in Section 13.4 hereof. Each of the Other Members shall have the right to purchase that proportion of such Option Interest which is equal to the ratio of the Membership Interests owned by it over the Membership Interests owned by all of the Other Members, or in such other percentages as the Other Members shall unanimously agree. Each Other Member shall elect to purchase its pro rata share of the available Option Interest by written notice to the Company and the Other Members within the initial five (5) Business Days of such ten (10) Business Day period. If any Other Member does not elect to purchase its pro rata share of the available Option Interest, then each of the Other Members who have elected to purchase the available Option Interest shall have the right to purchase that proportion of the balance of the available Option Interest which is equal to the ratio of the Membership Interests owned by it over the Membership Interests owned by the Other Members who are electing to purchase the available Option Interest, or in such other percentages as the Other Members who are electing to purchase the available Option Interest shall unanimously agree. Such right to purchase the balance of the available Option Interest shall be exercised by written notice to the Company and the Other Members within the second five (5) Business Days of such ten (10) Business Day period.
Sample 1
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Related to Option to the Members

  • The Member The name and address of the Member is as follows: AmeriCredit Financial Services, Inc. 000 Xxxxxx Xxxxxx, Xxxxx 0000 Xxxx Xxxxx, Xxxxx 00000 Attention: Chief Financial Officer Telephone: 000-000-0000 Facsimile: 000-000-0000

  • The Members The names and addresses of the Members and their initial Percentage Interests are as follows: Member Percentage Interest MacroMarkets LLC 100%

  • Initial Member (a) The name, address and initial Membership Interest of the initial Member is as follows: Name Membership Interest BR Cxxxxxx DFW Portfolio JV, LLC 100% c/o Bluerock Real Estate, L.L.C. 700 Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000

  • COMPENSATION TO THE INVESTMENT MANAGER (1) The Fund agrees to pay to the Investment Manager, and the Investment Manager covenants and agrees to accept from the Fund in full payment for the services furnished, a fee as set forth in Schedule A.

  • COMPENSATION TO THE ADVISOR The Trust shall pay the Advisor, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.

  • Compensation to the Master Servicer The Master Servicer shall be entitled to receive a monthly fee equal to the Master Servicing Fee, as compensation for services rendered by the Master Servicer under this Agreement. The Master Servicer also will be entitled to any late reporting fees paid by a Servicer pursuant to its Servicing Agreement, any investment income on funds on deposit in the Certificate Account and any Liquidation Profits to which a Servicer is not entitled under its Servicing Agreement.

  • Initial Members The initial Members of the Company are the Persons executing this Agreement as of the date of this Agreement as Members, each of which is admitted to the Company as a Member effective contemporaneously with the execution by such Person of this Agreement.

  • Liability of the Members No Member shall be liable, responsible or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member except for acts of gross negligence or intentional wrongdoing.

  • COMPENSATION TO BE PAID BY THE FUND TO THE MANAGER The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a fee, based on the Fund’s Average Net Assets, computed and paid monthly at the annual rates set forth on Schedule B attached to this Contract, as from time to time amended. The Fund’s “

  • Liability of the Member All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member.

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