Common use of Right of First Refusal to Purchase Interest Transferred in Accordance with Section 9 Clause in Contracts

Right of First Refusal to Purchase Interest Transferred in Accordance with Section 9. 1. Except with respect to a Transfer permitted (i) pursuant to any of Section 9.3(a), Section 9.5, ARTICLE X or ARTICLE XVI) or (ii) permitted pursuant to the Investor Rights Agreement, each time a Member or Economic Interest Owner (a “Transferring Member”) proposes to Transfer all or any part of his, her or its Membership or Economic Interest (or as required by operation of law or other involuntary transfer to do so) (such Membership Interest or Economic Interest proposed to be Transferred, the “Transferred Membership Interest”), such Member shall first offer such Transferred Membership Interest to the non-transferring Members (“Non-Transferring Members”) in accordance with the following provisions:

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Nutracea), Limited Liability Company Agreement (Nutracea), Limited Liability Company Agreement (Nutracea)

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Right of First Refusal to Purchase Interest Transferred in Accordance with Section 9. 1. Except with respect to a Transfer permitted (i) pursuant to any of Section 9.3(a)9.3, Section 9.5, ARTICLE Article X or ARTICLE Article XVI) or (ii) permitted pursuant to the Investor Rights Agreement, each time a Member or Economic Interest Owner (a “Transferring Member”) proposes to Transfer all or any part of his, her or its Membership or Economic Interest (or as required by operation of law or other involuntary transfer to do so) (such Membership Interest or Economic Interest proposed to be Transferred, the “Transferred Membership Interest”), such Member shall first offer such Transferred Membership Interest to the non-transferring Members (“Non-Transferring Members”) in accordance with the following provisions:

Appears in 1 contract

Samples: Limited Liability Company Agreement (RiceBran Technologies)

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