Closing Terms. This Section 20.06 sets forth and will govern the procedures, terms and conditions pursuant to which a Member selling its Membership Interest (the "Selling Member") will be transferred to a Member purchasing the Selling Member's Membership Interest (the "Purchasing Member") pursuant to Section 20.03.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (CBL & Associates Properties Inc), Master Transaction Agreement (CBL & Associates Properties Inc), Limited Liability Company Agreement (CBL & Associates Properties Inc)
Closing Terms. This Section 20.06 sets forth and will govern the procedures, terms and conditions pursuant to which a Member selling its Membership Interest (the "“Selling Member"”) will be transferred to a Member purchasing the Selling Member's ’s Membership Interest (the "“Purchasing Member"”) pursuant to Section 20.03.
Appears in 1 contract
Sources: Limited Liability Company Agreement (CBL/Regency I, LLC)