Right of the Company. In the event that a Qualified Offer to purchase Units has been received, and an Offer Notice has been sent by the Selling Member to the Company and the Remaining Members pursuant to Section 8.06(a), for a period of 30 days after its receipt of such Offer Notice, the Company shall have the right, at its sole option, to purchase all (and not less than all) of the Offered Units on such terms and conditions as are contained in the Qualified Offer except payment shall be made in full in immediately available funds at the closing. The exercise or non-exercise of the Company’s right to purchase all of the Offered Units shall be determined by a Majority Vote of the Members (including the Selling Member).
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Right of the Company. In the event that a Qualified Offer to purchase Units has been received, and an Offer Notice has been sent by the Selling Member to the Company and the Remaining Members pursuant to Section 8.06(a)9.03, for a period of 30 days after its receipt of such Offer Notice, the Company shall have the right, at its sole option, to purchase all (and not less than all) of the Offered Units on such terms and conditions as are contained in the Qualified Offer except payment shall be made in full in immediately available funds at the closingOffer. The exercise or non-exercise of the Company’s 's right to purchase all of the Offered Units shall be determined by the affirmative vote of Members holding a Majority Vote majority of the Members Units (including excluding the Selling Member).
Appears in 2 contracts
Samples: Operating Agreement (Aviation Sales Co), Operating Agreement (Kellstrom Industries Inc)
