First Option to Other Owners. Each of the other Owners shall have thirty (30) days from the effective date of such notice during which such other Owners may elect to buy the Offered Units in proportion to their respective ownership of all outstanding Units (excluding the Offered Units) or in such other proportion upon which the other Owners agree. If the other Owners exercise their option to buy some or all of the Offered Units, then they shall acquire such Units at the purchase price and on the payment terms described in Articles II and III below.
Appears in 28 contracts
Samples: Buy Sell Agreement, Buy Sell Agreement, Buy Sell Agreement
