Common use of Personal Conduct Repurchase Right Clause in Contracts

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.5, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.5, the Company shall, within fifteen (15) business days Business Days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days fifteen (15) Business Days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstandingOutstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Units held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares Units pursuant to this Section 4.5, the Company shall, within fifteen (15) business days Business Days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares Units pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares Units pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per ShareUnit. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days fifteen Business Days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares Units repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstandingOutstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager Board in its sole, but good faith, discretion, the Manager Board may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager Board elects to cause the Company to repurchase any Shares pursuant to this Section 4.58.2, the Company shall, within fifteen (15) business days of the ManagerBoard’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 8.2 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.58.2, the purchase price paid to the applicable Member shall be equal to the Market Price per Shareas of the end of the fiscal quarter prior to the quarter in which the Board elects to repurchase the Shares. Any purchase price paid pursuant to this Section 4.5 8.2 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b8.2(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 8.2 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In Subject to the terms and conditions of the Redemption Plan, in the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.54.6, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 4.6 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.54.6, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 4.6 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b4.6.(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 4.6 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Bits held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares Bits pursuant to this Section 4.5, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares Bits pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares Bits pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per ShareBit. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares Bits repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In Subject to the terms and conditions of the Redemption Plan, in the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.54.6, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 4.6 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.54.6, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 4.6 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b4.6(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 4.6 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.5, the Company shall, within fifteen (15) business days Business Days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days fifteen Business Days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstandingOutstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member Shareholder fails to conform its personal conduct to common and accepted standards of good citizenship citizenship, or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager Board in its sole, but good faith, discretion, the Manager Board may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such MemberShareholder. (b) In the event that the Manager Board elects to cause the Company to repurchase any Shares pursuant to this Section 4.5§8.2, the Company shall, within fifteen (15) business days of the ManagerBoard’s election, send written notice to the applicable Member Shareholder stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 §8.2 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5§8.2, the purchase price paid to the applicable Member Shareholder shall be equal to the Market Price per Shareas of the end of the fiscal quarter prior to the quarter in which the Board elects to repurchase the Shares. Any purchase price paid pursuant to this Section 4.5 §8.2 shall be delivered to the applicable Member Shareholder within 15 fifteen (15) business days after the notice specified in Section 4.5(b§8.2(b) above is delivered to such MemberShareholder. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and §8.2 will not be treated as outstanding, and the applicable Member Shareholder will cease to be a member Member of the Company, as of the date that the purchase price is delivered to the applicable MemberShareholder.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.54.4, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 4.4 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager Board in its sole, but good faith, discretion, the Manager Board may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Units held by such Member. (b) In the event that the Manager Board elects to cause the Company to repurchase any Shares Units pursuant to this Section 4.511.2, the Company shall, within fifteen (15) business days of the ManagerBoard’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares Units pursuant to Section 4.5 11.2 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares Units pursuant to this Section 4.511.2, the purchase price paid to the applicable Member shall be equal to the Market Price per Shareas of the end of the fiscal quarter prior to the quarter in which the Board elects to repurchase the Units. Any purchase price paid pursuant to this Section 4.5 11.2 shall be delivered to the applicable Member within 15 fifteen (15) business days after the notice specified in Section 4.5(b11.2(b) above is delivered to such Member. Any Common Shares Units repurchased pursuant to this Section 4.5 11.2 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.54.3, the Company shall, within fifteen (15) business days Business Days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 4.3 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.54.3, the purchase price paid to the applicable Member shall be equal to the Market Net Original Purchase Price per Share. Any purchase price paid pursuant to this Section 4.5 4.3 shall be delivered to the applicable Member within 15 business days fifteen (15) Business Days after the notice specified in Section 4.5(b4.3(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 4.3 will cease to accrue distributions or have voting rights and will not be treated as outstandingOutstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.5, the Company shall, within fifteen (15) business days Business Days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Reg A+ Purchase Price per Share. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days fifteen (15) Business Days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstandingOutstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Units held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares Units pursuant to this Section 4.5, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares Units pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares Units pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per ShareUnit. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b) above is delivered to such Member. Any Common Shares Units repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.

Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member. (b) In the event that the Manager elects to cause the Company to repurchase any Shares pursuant to this Section 4.5, the Company shall, within fifteen (15) business days of the Manager’s election, send written notice to the applicable Member stating that the Company is exercising its right to repurchase such Shares pursuant to Section 4.5 of this Agreement. (c) In connection with any repurchase by the Company of Common Shares pursuant to this Section 4.5, the purchase price paid to the applicable Member shall be equal to the Market Price per Share. Any purchase price paid pursuant to this Section 4.5 shall be delivered to the applicable Member within 15 business days after the notice specified in Section 4.5(b4.5.(b) above is delivered to such Member. Any Common Shares repurchased pursuant to this Section 4.5 will cease to accrue distributions or have voting rights and will not be treated as outstanding, and the applicable Member will cease to be a member of the Company, as of the date that the purchase price is delivered to the applicable Member.