Common use of Call Right Regarding LMP Member’s Membership Interests Clause in Contracts

Call Right Regarding LMP Member’s Membership Interests. (i) At any time prior to the 5th anniversary of the Closing Date (subject to the LMP Member’s rights under Section 7.7(a)), the AAG Member shall have the right to cause LMP Member to sell (the “AAG Call Right”) all, but not less than all, of the LMP Member’s Membership Interests (the “LMP Membership Interests”) by delivering to LMP Member, written notice (“LMP Call Notice”) of the AAG Member’s election to exercise the AAG Call Right, which notice shall set forth that it is an election to exercise the Call Right pursuant to this Section 7.7(b) of the Agreement.

Appears in 4 contracts

Samples: Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.)

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