Other Members’ Purchase Option. If, or to the extent that, the Company does not exercise its purchase option under Section 10.3 above within the 30-day period specified therein, then the Members shall have the option to purchase, as provided under Section 10.2(c) above, any such Units not purchased by the Company by the end of its 30-day option period for an additional 30-day period. In the event that one or more other Members exercise their purchase options under this Section 10.4, each exercising Member shall have the option to purchase a proportionate number of the Units to be purchased under this Section 10.4 based on a fraction, the numerator of which is the number of Units owned by such Member and the denominator of which is the total number of Units owned by all Members exercising the purchase option under this Section 10.4. Should any of the Members other than the selling Member fail to purchase all of the Units to which that Member is entitled under this Section 10.4, each other such Member shall have the option to purchase a proportionate number of those unpurchased Units based on a fraction, the numerator of which is the number of Units owned by such Member and the denominator of which is the total number of Units owned by all Members still willing to exercise their purchase options under this Section 10.4.
Other Members’ Purchase Option. If the Company does not elect to purchase all of the Withdrawing Member’s Units, the Members other than the Withdrawing Member (“Other Members”) shall have the right for a period of fifteen (15) days following the expiration of the Company’s Election Period (“Other Members’ Election Period”) to purchase all or part of the Units of the Withdrawing Member which the Company did not elect to redeem, for the price and on the terms and conditions set forth in Sections 3 and 4 herein. To exercise such purchase option, each of the Other Members shall deliver written notice to the Withdrawing Member or his estate, and to each of the Other Members, as to the number or percentage of the Withdrawing Member’s Units such Other Member elects to purchase. In the event more than one (1) Other Member elects to purchase all or part of the Withdrawing Member’s Units, and in the event the electing Other Members, in total, elect to purchase, a number or percentage of Units which is more than the Withdrawing Member owns, then unless the electing Members agree otherwise, each of the electing Other Members shall be entitled to purchase at least a pro rata share (based on the electing Member’s respective ownership percentages) of the Withdrawing Member’s Units. The Closing on any purchase of Units described in this Section 2(b) shall be held at the Company’s principal offices, at such time and date as reasonably selected by the Company, except that such time and date shall be no later than sixty (60) days after the date of delivery to the Withdrawing Member or his estate of the Company Election Notice.
