Common use of Location and Time Periods Clause in Contracts

Location and Time Periods. The closing of any sale of a Membership Interest in Member Newco pursuant to this Section 16.05(b) shall be held at the principal offices of Member Newco, unless otherwise mutually agreed, on a mutually acceptable date not more than ninety (90) Days after (1) the receipt by the Buy/Sell Initiator of the written notice of election by the Buy/Sell Respondent, or (2) after the expiration of the time within which the Buy/Sell Respondents must so elect, as provided in Section 16.05(b)(i)(C).

Location and Time Periods. The closing of any sale of a Membership Interest in Member Newco pursuant to this Section 16.05(b) 16.04 shall be held at the principal offices of Member Newco, unless otherwise mutually agreed, on a mutually acceptable date not more than ninety (90) Days after (1A) the receipt by the Buy/Sell Impasse Initiator of the written notice of election by the Buy/Sell Impasse Respondent, or (2B) after the expiration of the time within which the Buy/Sell Respondents Impasse Respondent must so elect, as provided in Section 16.05(b)(i)(C16.04(b)(iii).