Common use of SUSPENSION OF MARKETING RIGHT Clause in Contracts

SUSPENSION OF MARKETING RIGHT. If either Member exercises its rights under this Section 20, then each Member's marketing rights under Section 22 hereto shall be deemed suspended until the Buy-Sell Closing Date or, if such closing does not occur, for ninety (90) days after the expiration of the Thirty Day Period.

Appears in 2 contracts

Samples: Operating Agreement (Sunrise Assisted Living Inc), Operating Agreement (Sunrise Assisted Living Inc)

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SUSPENSION OF MARKETING RIGHT. If either Member exercises its rights under this Section 2021, then each Member's marketing rights under Section 22 hereto shall be deemed suspended until the Facility Buy-Sell Closing Date Date, or, if such closing does not occur, for ninety (90) days after the expiration of the Thirty Day Period.

Appears in 2 contracts

Samples: Operating Agreement (Sunrise Assisted Living Inc), Operating Agreement (Sunrise Assisted Living Inc)

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