Common use of Right of Members to Purchase Each Others Membership Interest Clause in Contracts

Right of Members to Purchase Each Others Membership Interest. Each Member shall have the right or obligation, as the case may be, to purchase all of the Membership Interest held by another Member or to sell all of the Membership Interest held by such Member to another Member pursuant to the terms and conditions set forth in this Section 4.7.

Appears in 3 contracts

Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Reich Seidelman & Janicki Co)

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Right of Members to Purchase Each Others Membership Interest. Each Member shall have the right or obligation, as the case may bemaybe, to purchase all of the Membership Interest held by another Member or to sell all of the Membership Interest held by such Member to another Member pursuant to the terms and conditions set forth in this Section 4.7.

Appears in 1 contract

Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.)

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