Common use of Primary Option to Purchase Clause in Contracts

Primary Option to Purchase. Within 30 days of the receipt of the notice of intention to transfer a Percentage Interest by the last of the Limited Partners to receive such notice, each remaining Limited Partner may exercise an option to purchase that proportion of the Percentage Interest proposed to be transferred which equals the proportion which the Percentage Interest owned by such remaining Limited Partner at the time of his receipt of the notice is of the total of the Percentage Interests then owned by all the remaining Limited Partners. The purchase option granted in this Section is herein referred to as the Primary Option.

Primary Option to Purchase. Within 30 thirty-five (35) days of the receipt of the notice of intention to transfer a Percentage Interest by the last of the Limited Partners Members to receive such notice, each remaining Limited Partner Member may exercise an option to purchase that proportion of the Percentage Interest proposed to be transferred which equals the proportion which the Percentage Interest owned by such remaining Limited Partner Member at the time of his receipt of the notice is of bears to the total of the Percentage Interests then owned by all the remaining Limited PartnersMembers. The purchase option granted in this Section paragraph is herein referred to as the "Primary Option".

Primary Option to Purchase. Within 30 35 days of after the receipt of the notice of intention to transfer a Percentage Interest by the last of the Limited Partners to receive such notice, (as set forth in Section 13.01) each remaining Limited Partner Member may exercise an option to purchase that proportion of the Percentage Interest proposed to be transferred which equals the proportion which the Percentage Interest owned by such remaining Limited Partner Member at the time of his receipt of the notice is of the total of the Percentage Interests then owned by all the remaining Limited PartnersMembers. The purchase option granted in this Section paragraph is herein referred to as the "Primary Option."

Primary Option to Purchase. Within 30 days of the receipt of the notice of intention to transfer a Percentage Interest by the last of the Limited Partners Members to receive such notice, each remaining Limited Partner Member may exercise an option to purchase that proportion of the Percentage Interest proposed to be transferred which equals the proportion which the Percentage Interest owned by such remaining Limited Partner Member at the time of his receipt of the notice is of the total of the Percentage Interests then owned by all the remaining Limited PartnersMembers. The purchase option granted in this Section is herein referred to as the Primary Option.