Common use of Offered Units Clause in Contracts

Offered Units. (i) Subject to the terms and conditions specified in Section 9.01, Section 9.02 and this Section 9.03, each Member holding Class A Preferred Units or Class A Common Units (as applicable), shall have a right of first refusal if any other Member holding Class A Preferred Units or Class A Common Units (the “Offering Member”) receives a bona fide offer that the Offering Member desires to accept to Transfer all or any portion of the Class A Preferred Units or Class A Common Units (or applicable Unit Equivalents) it owns (the “Offered Units”). (ii) As used herein, the term “Applicable ROFR Rightholders” shall mean all Members other than the Offering Member holding Class A Preferred Units or Class A Common Units (as applicable).

Offered Units. (i) Subject to the terms and conditions specified in Section 9.01, Section 9.02 and this Section 9.03, each Member holding Class A Preferred Units or Class A Common Units (as applicable), shall have a right of first refusal if any other Member holding Class A Preferred Units or Class A Common Units (the “Offering Member”) receives a bona fide offer that the Offering Member desires to accept to Transfer all or any portion of the Class A Preferred Units or Class A Common Units (or applicable Unit Equivalents) it owns (the “Offered Units”). (ii) As used herein, the term “Applicable ROFR Rightholders” shall mean all Members other than the Offering Member holding Class A Preferred Units or Class A Common Units (as applicable).