Offered Interest definition

Offered Interest has the meaning set forth in Section 11.2.1.

Offered Interest is defined in Section 9.2(a).

Offered Interest shall have the meaning set forth in Section 2.6(c).

Examples of Offered Interest in a sentence

• 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.

• 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.

• The aggregate dollar amount of the Transfer Purchase Price shall be payable in cash on the Company Closing Date or on the Member Closing Date, as the case may be, unless the Company or the purchasing Voting Members shall elect by written notice that is delivered to the Offering Member, prior to or on the Company Closing Date or the Member Closing Date, as the case may be, to purchase such Offered Interest in four (4) equal annual installments, with the first installment being due on the Closing Date.

• If the other Voting Members intend to accept the Offer and to purchase the Offered Interest, the written notice required to be given by them shall fix a closing date not more than sixty (60) days after the expiration of the Member Acceptance Period (hereinafter referred to as the “Member Closing Date”).

• If two (2) or more Voting Members of the Company desire to accept the Offer to purchase the Offered Interest, then, in the absence of an agreement between them, such Voting Members shall have the right to purchase the Offered Interest in proportion to their respective Percentage Voting Interests.

More Definitions of Offered Interest

Offered Interest means the assets that Manager proposes to sell pursuant to an Offer.

Offered Interest shall have the meaning ascribed to such term in Subsection 9.3(c).

Offered Interest has the meaning set forth in Section 6.1(b)(i).

Offered Interest. As defined in Section 8.3(a).

Offered Interest has the meaning set out in Section 10(b).

Offered Interest has the meaning set forth in Section 4.4(a).

Offered Interest means the portion of an Interest owned or held by a Member which the Member wishes to Transfer or Encumber.