Offered Management Units definition

Offered Management Units means any Offered Units consisting of Management Units.
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Examples of Offered Management Units in a sentence

  • Such notice of exercise shall refer to the Notice of Right of First Refusal and shall set forth the number of Offered Management Units to be sold to the Company pursuant to this Section 8.5(a) and a reasonable place and time within 90 days after the date thereof for the closing of the purchase and sale of the Offered Management Units.

  • Such deemed offer and acceptance procedures described in the immediately preceding sentence shall be deemed to be repeated until either (x) all of the Offered Management Units are accepted by the Electing Management Members or (y) no Electing Management Member desires to subscribe for more Offered Management Units.

  • Any Offered Management Units not subscribed for pursuant to this Section 8.5(b) by the Electing Management Members shall be deemed to be re-offered to and accepted by the Electing Management Members with respect to the lesser of (i) the maximum amount specified in their respective Management Election Notices and (ii) an amount equal to their respective Proportionate Percentages (calculated solely with respect to the Electing Management Members) with respect to such deemed offer.

  • The purchase price and terms for the Offered Management Units purchased by the Electing Management Members shall be the price and terms set forth in the applicable Third Party Offer.

  • Upon delivery of the purchase price, the Offeror Member shall have no further rights as the holder of Offered Management Units sold pursuant to this Section 8.5(b).

  • Each such Management Member electing to purchase all or any portion of such Offered Management Units shall be referred to herein as an "Electing Management Member." The Electing Management Members may, by agreement, allocate among themselves the right to acquire such part of the Offered Management Units.

  • Each Management Election Notice may include a statement of the maximum number of Offered Management Units that such Electing Management Member is willing to purchase and must include an offer to acquire the same percentage of each class or series of Membership Interests included in the Offered Management Units.

Related to Offered Management Units

  • Management Unit means an area established by the Commission for management purposes.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • Management Shareholders means ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇;

  • Project Management Unit or “PMU” means the unit to be established in accordance with Article 6.01 (b) of this Agreement and whose responsibilities are set out in Part A.2 of Schedule 4 to this Agreement;

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.