Common use of Selling Members Clause in Contracts

Selling Members. In the event that the Section 9.10 Proposed Purchaser does not purchase the Section 9.10 Drag-Along Membership Interests from the Section 9.10 Dragged Members on the same terms and conditions as purchased from the Section 9.10 Selling Members, then such Section 9.10 Dragged Members shall have the right to require the Company to cause the Section 9.10 Selling Members making such Transfer to purchase on such terms and conditions such Section 9.10 Drag-Along Membership Interests if the Transfer occurs.

Appears in 4 contracts

Samples: Operating Agreement (Chiles Magellan LLC), Operating Agreement (Chiles Offshore LLC), Operating Agreement (Seacor Smit Inc)

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