Response. The Non-Initiating Member shall have thirty (30) days from the date of the Sale Notice (the “Response Period”) to provide written notice to the Initiating Member of whether the Company should make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the Offer and sell such Company Interest on the terms of the Offer.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Response. The Non-Initiating Member shall have thirty (30) days from the date of the Sale Notice (the “Response Period”) to provide written notice to the Initiating Member of whether the Company Ownership Entity should make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the Offer and sell such Company Interest Property on the terms of the Offer.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Property Management Agreement (Bluerock Residential Growth REIT, Inc.)
Response. The Non-Initiating Member shall have thirty (30) days from the date of the Sale Notice (the “"Response Period”") to provide written notice to the Initiating Member of whether the Company Ownership Entity should make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the Offer and sell such Company Interest Property on the terms of the Offer.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Property Management Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Response. The Non-Initiating Member shall have thirty (30) days from the date of the applicable Sale Notice (the “Response Period”) to provide written notice to the Initiating Member of whether the Company applicable Ownership Entity should make or accept the applicable Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the applicable Offer and sell such Company Interest Property on the terms of the applicable Offer.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Response. The Non-Initiating Member Members shall have thirty (30) days from the date of the Sale Notice (the “Response Period”) to provide written notice to the Initiating Member of whether the Company should make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the Offer and sell such Company Interest on the terms of the Offer.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Response. The Non-Initiating Member shall have thirty (30) days 15 Business Days from the date of the Sale Notice (the “"Response Period”") to provide written notice to the Initiating Member of whether the Company should its willingness or unwillingness to make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept sell the Offer and sell such Company Interest Project or Projects on the terms of the Offer.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Storage Usa Inc), Limited Liability Company Agreement (Storage Usa Inc)
Response. The Non-Initiating Member shall have thirty (30) days from the date of the Sale Notice (the “Response Period”) to provide written notice to the Initiating Member of whether the Company Ownership Entity should make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the Offer and sell such Company Interest Property or Properties on the terms of the Offer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Response. The Non-Initiating Member shall have thirty (30) days 15 Business Days from the date of the delivery of Sale Notice (the “Response Period”) to provide written notice to the Initiating Member of whether the Company should its willingness or unwillingness to make or accept the OfferOffer to Third Parties Purchasers; the failure to timely deliver such notice shall be deemed to constitute an election to accept sell the Offer and sell such Company Interest Target on the terms of the Offer.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Hersha Hospitality Trust)
Response. The Non-Initiating Member shall have thirty (30) days from the date of the Sale Notice (the “"Response Period”") to provide written notice to the Initiating Member of whether the Company should make or accept the Offer; the failure to timely deliver such notice shall be deemed to constitute an election to accept the Offer and sell such Company Interest on the terms of the Offer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
