Electing Member definition
Examples of Electing Member in a sentence
Each Member hereby agrees to sell its Entire Interest and all of such Member’s Secured Notes to the Electing Member or the Third-Party Purchaser at the Purchase Price and other terms agreed by the parties in good faith if the Election Notice is timely made by the Electing Member.
If the Electing Member or the Third-Party Purchaser does not purchase the other Member’s or Members’ Entire Interest and all of such other Member’s or Members’ Secured Notes within sixty (60) Business Days after the delivery of the Election Notice, then the Electing Member’s purchase right contemplated by this Section 9.3(e) shall terminate and the other Members shall have no obligation to sell their Entire Interest and Secured Notes to the Electing Member or the Third-Party Purchaser.