Purchase of Membership Units. (a) In accordance with the terms and conditions of this Agreement, and expressly subject to the conditions set forth in Section 2 below, the parties hereby agree that on Closing (as defined below), Seller shall convey, transfer, assign and deliver to Buyer, free and clear of all liens, encumbrances, equities and claims of any nature whatsoever, and Buyer shall acquire and accept Membership Units of the Company upon payment by Buyer of the following purchase price ("Purchase Price"): Dollars ($ ) per Unit, for a total Purchase Price of: Dollars ($ ) which shall be payable to Seller as follows:
(b) Seller and Buyer agree that in accordance with the Trading System Rules (Section V (B)(1)), that no consideration (including any down payment or xxxxxxx deposit) will be paid by Buyer to Seller until after this Agreement has been approved by the Husker Ag, LLC Board of Directors and (even if Husker Ag Board approval has been given) no earlier than the following dates: (1) For the quarter commencing February 1: No earlier than March 18th (or March 17th in a leap year); (2) For the quarter commencing May 1: No earlier than June 15; (3) For the quarter commencing August 1: No earlier than September 15; and (4) For the quarter commencing November 1: No earlier than December 16.
Purchase of Membership Units. Proven agrees to sell, transfer and assign to Imperial, without recourse, and Imperial hereby agrees to purchase from Proven, without recourse, all of Proven’s membership units and all right, title and interest in Arrakis, for One Hundred Thousand and No/100 Dollars ($100,000.00) in cash (the “Purchase Price”) payable at closing.
Purchase of Membership Units. (a) In accordance with the terms and conditions of this Agreement, and expressly subject to the conditions set forth in Section 2 below, the parties hereby agree that on Closing (as defined below) Seller shall convey, transfer, assign and deliver to Buyer, free and clear of all liens, encumbrances, equities and claims of any nature whatsoever, and Buyer shall acquire and accept Membership Units of the Company upon payment by Buyer of the following purchase price ("Purchase Price"): Dollars ($ ) per Unit, for a total Purchase Price of: Dollars ($ ) which shall be payable to Seller as follows:
(b) Seller and Buyer agree that in accordance with the Trading System Rules (Section V (B)(1)), that no consideration (including any down payment or xxxxxxx deposit) will be paid by Buyer to Seller until after this Agreement has been approved by the Husker Ag, LLC Board of Directors and (even if Husker Ag Board approval has been given) no earlier than the following dates: (1) For the trimester commencing December 1: No earlier than February 15;
Purchase of Membership Units. Subject to the terms of this Agreement, the Company agrees to issue, sell, transfer and assign (or cause to be sold, transferred and assigned) to the Buyer, and the Buyer agrees to purchase and acquire from the Company, Ninety-Three Thousand Four Hundred (93,400) units of Class E Membership Units (the “Purchased Equity Interests”), resulting in ownership of Membership Units by each of the members of the Company in the respective numbers set forth opposite each such member’s name on Schedule 2.1 attached hereto following Closing.
