Common use of Sale of Remaining Units Clause in Contracts

Sale of Remaining Units. Subject to the provisions set forth in Section 11.3(e), if the Participating Members do not purchase all of the Offered Units then: (i) the Transferring Member may, for ninety (90) days thereafter. Transfer all or a lesser number of the unpurchased Offered Units to any Person for a price not less than and on other terms no more favorable to such Person than the terms contained in the Transfer Offer; and (ii) if the unpurchased Offered Units are not Transferred within such ninety (90)-day period, the provisions of this Section 11.3 shall again become applicable to any intended Transfer by such Member of the Offered Units.

Appears in 5 contracts

Samples: Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!