Right of First Purchase. In the event that a Member's Interest in the Company is or will be sold, due to any reason, the remaining Members will have a right of first purchase of that Member's Interest. The value of that interest in the Company will be the lower of the value set out in the Valuation of Interest section of this Agreement and any third party offer that the Member wishes to accept.
Appears in 3 contracts
Samples: Operating Agreement (Korth Direct Mortgage LLC), Operating Agreement (Korth Direct Mortgage LLC), Operating Agreement (Korth Direct Mortgage LLC)
Right of First Purchase. In Where the Company consists of two or more Members, in the event that a Member's Interest in the Company is or will be sold, due to any reason, the remaining Members will have a right of first purchase of that Member's Interest. The value of that interest in the Company will be the lower of the value set out in the Valuation of Interest section of this Agreement and any third party offer that the Member wishes to accept.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Operating Agreement
