Examples of Selling Member in a sentence

If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer, and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member and said other Members shall pay the purchase price prescribed in the offer.
If the Selling Member does not sell such interest within said one-hundred and twenty (120) days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement.
Within fifteen (15) days after the delivery of said offer, the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer.
If the Company or the other Members accept the offer of the Selling Member to sell the Offered Interest, the closing of such sale shall occur at the principal office of the Company no later than thirty (30) days after the acceptance of such offer.
If the Company fails to accept the offer made by the Selling Member within thirty (30) days of the receipt of the Offer Notice then the Members other than the Selling Member shall have the opportunity for a further period of fifteen (15) days immediately after the expiration of the Company’s thirty-day purchase period to accept the offer set forth in the Offer Notice.

More Definitions of Selling Member

Selling Member shall have the meaning set forth in Section 6.2(b).

Selling Member is defined in Section 7.05

Selling Member shall have the meaning set forth in Section 7.3(a) hereof.

Selling Member is defined in Section 9.7(a).

Selling Member means a Clearing Member that is party to an EquityClear Contract as seller.

Selling Member means the Clearing Member who Qualifies the Seller’s positions on a Contract;

Selling Member means Member who has undertaken to sell security, foreign currency/Derivatives for a consideration.