Seller's Obligations at Closings. At the Initial Closing, the Seller shall deliver to the Purchaser Non-Voting Units equal in number to 25% of the outstanding Units of the LLC then outstanding. Concurrently with the receipt of each Subsequent Payment, the Seller shall deliver to the Purchaser Units evidencing a percentage of the Units then outstanding equal to 100% multiplied by a fraction, the numerator of which is the amount of the applicable Subsequent Payment and the denominator of which is the Purchase Price. Non-Voting Units shall be transferred before Voting Units, and all Voting Units must be transferred at once. All Units delivered by Seller shall be subject to the repurchase option described in Section 1.7 until the last Subsequent Closing Date.
Seller's Obligations at Closings. At Closing, Seller shall do the following:
Seller's Obligations at Closings. (a) On or before two (2) days before the Scheduled Closing Date, Seller shall:
Seller's Obligations at Closings. At Closing Seller shall -------------------------------- execute and deliver to Purchaser the following documents for the Assets to be transferred at the Closing:
Seller's Obligations at Closings. At each Closing, each Seller shall execute and deliver to Purchaser the following documents:
