Electing Member definition

Electing Member has the meaning set forth in Section 8.2(b)(ii).

Electing Member has the meaning set forth in Section 4.1(b)(ii).

Electing Member shall have the meaning set forth in Section 5.7(b).

Examples of Electing Member in a sentence

If after the receipt of the determination of “Fair Market Value” pursuant to Section 13.2(b)(ii), the Electing Member elects not to exercise the option to purchase the other Members’ Entire Interests pursuant to this Section, then the Electing Member shall have all of its rights under Section 4.5 or this Section 13.2, as applicable, as if the Appraisal Notice had not been given.
Such option may be exercised by the Electing Member within forty-five (45) days after receipt of the determination of “Fair Market Value” pursuant to Section 13.2(b)(ii) by notice to the other Members.
The right of each Electing Member to purchase New Interests in excess of its Percentage Interest shall be based on the relative Percentage Interests of the Electing Members desiring to purchase Over-Allotment Amounts.
If the Notice Member does not provide the Purchase Notice to the Electing Member within the above referenced sixty (60) day time period, the Notice Member shall become obligated to sell its Member Interest in the Company to the Electing Member.
In either event, at the closing of the purchase and sale transaction described in this Section 8.3, the purchase price must be paid in cash (either by certified check or by wire transfer), unless otherwise agreed upon by the Electing Member and the Notice Member.

Electing Member has the meaning set forth in Section 5.2(g) hereof.

Electing Member is defined in Section 8.01.

Electing Member has the meaning set forth in §6.6(a) hereof.

Electing Member shall have the meaning specified in Section 14.01.

Electing Member shall have the meaning set forth in Section 11.1 of this Agreement. 1.45

Electing Member has the meaning set forth in Section 12.1(c).

Electing Member shall have the meaning set forth in Section 8.2.1 hereof.