Offering Member definition

Offering Member has the meaning set forth in Section 10.3(a).

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Offering Member has the meaning set forth in Section 4.3(b).

Offering Member shall have the meaning set forth in Section 7.6(b).

Examples of Offering Member in a sentence

• Each time the Offering Member desires to Transfer any of its Units (or applicable Unit Equivalents) (other than Transfers that (i) are permitted by Section 10.2 or (ii) are required to be made by a Member pursuant to Section 10.4), the Offering Member shall first make an offering of the Offered Units to the Company, first, and the ROFO Rightholders, second, all in accordance with the following provisions of this Section 10.3, prior to Transferring such Offered Units to any third party Transferee.

• Within twenty (20) days (the “Company Offer Period”) after receipt by the Company of the Offering Notice, the Company shall notify the Offering Member in writing (the “Company Notice”), whether or not the Company shall accept the Offer and shall purchase all but not less than all of the Offered Interest.

• In the event that more than one Member elects to purchase the available Offering Member’s Unit(s), then the available Offering Member’s Unit(s) shall be apportioned amongst the Members in proportion to their respective ownership of Units (calculated without consideration of the ownership of the Offering Member, if applicable).

• The Offering Member shall make the Offer first to the Company by written notice (hereinafter referred to as the “Offering Notice”).

• If the Offering Member shall not transfer the Offered Interest within the Free Transfer Period, his or her right to transfer the Offered Interest free of the foregoing restrictions shall thereupon cease and terminate.

More Definitions of Offering Member

Offering Member has the meaning set forth in Section 12.2(a).

Offering Member has the meaning ascribed to it in Article 10(b)(i).

Offering Member shall have the meaning provided in Section 13.3.

Offering Member shall have the meaning set forth in Section 10.02(a) hereof.

Offering Member the meaning set forth in Exhibit G.

Offering Member is defined in Section 11.1(a) hereof.

Offering Member has the meaning set forth in Section 8.03(a). Offering Member Notice has the meaning set forth in Section 8.03(b). Officer(s) has the meaning set forth in Section 7.03.