Common use of Voluntary Transfer Right of First Refusal Clause in Contracts

Voluntary Transfer Right of First Refusal. Subject to Section 4.f, in the event any Series Member (a “Selling Member”) wishes to sell all or any portion of its Units of the Series (the “Offered Interest”), such Selling Member must first present its offer to sell and proposed price (terms and conditions) in a Notice of Sale submitted in writing to the Series Manager. The Series Manager and/or the other Series Members shall have thirty (30) days to elect to purchase the entire Offered Interest, which shall be offered to each in the order of priority described below:

Appears in 6 contracts

Samples: Series Agreement (My Income Property, LLC), Series Agreement (My Income Property, LLC), Series Agreement (My Income Property, LLC)

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