Indirect Transfers. In the case of an indirect Transfer of Units, (A) the right of first offer provided for under Section 11.6 hereof shall apply to all of the Units held by the Member (versus only the Offered Units ), and (B) the burden is on the Member with respect to whom there is a Transfer to construct a transaction in which the Units are separately priced in order to determine whether the requirements of Sections 11.6 hereof and this Section 11.7 have been met.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (CityCenter Holdings, LLC), Limited Liability Company Agreement (MGM Mirage), Limited Liability Company Agreement (MGM Resorts International)
Indirect Transfers. In the case of an indirect Transfer of Units, (A) the right of first offer provided for under Section 11.6 hereof shall apply to all of the Units held by the Member (versus only the Offered Units ), and (B) the burden is on the Member with respect to whom there is a Transfer to construct a transaction in which the Units are separately priced in order to determine whether the requirements of Sections 11.6 hereof and this Section 11.7 have been met.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Dubai World), Limited Liability Company Agreement (MGM Mirage)
