Common use of Sale Notice Clause in Contracts

Sale Notice. Prior to the consummation of any Transfer of Units (or any Unit Equivalents of such Units) qualifying under Section 10.5(b) and after satisfying its obligations pursuant to Section 10.3, the Selling Member shall deliver to the Company and each other Class A Member holding Units (or any Unit Equivalents of such Units) a written notice (a “Sale Notice”) of the proposed Tag-along Sale as soon as practicable following the expiration of the ROFO Rightholder Option Period, and in no event later than five (5) Business Days thereafter. The Sale Notice shall make reference to the Tag-along Class A Members’ rights hereunder and shall describe in reasonable detail: (i) the aggregate number of Units (or any Unit Equivalents of such Units) the Proposed Transferee has offered to purchase; (ii) the identity of the Proposed Transferee; (iii) the proposed date, time and location of the closing of the Tag-along Sale; (iv) the purchase price per applicable Unit and the other material terms and conditions of the Transfer; and (v) a copy of any form of agreement proposed to be executed in connection therewith.

Sale Notice. Prior to the consummation of any Transfer of Units (or any Unit Equivalents of such Units) qualifying under Section 10.5(b) 6.04(b), and after satisfying its any other obligations pursuant to Section 10.3under this Agreement, the Selling Member shall deliver to the Company and each other Class A Member holding Units (or any Unit Equivalents of such Units) of the class or series proposed to be Transferred a written notice (a “Sale Notice”) of the proposed Tag-along Sale as soon as practicable following the expiration of the ROFO Rightholder Option Periodpracticable, and in no event later than five (5) Business Days thereafterof receipt of such offer. The Sale Notice shall make reference to the Tag-along Class A Members’ rights hereunder and shall describe in reasonable detail: (i) the The aggregate number of Units (or any Unit Equivalents of such Units) the Proposed Transferee has offered to purchase; (ii) the The identity of the Proposed Transferee; (iii) the The proposed date, time and location of the closing of the Tag-along Sale; (iv) the The purchase price per applicable Unit (which shall be payable solely in cash) and the other material terms and conditions of the Transfer; and (v) a A copy of any form of agreement proposed to be executed in connection therewith.