Offering; Exceptions. Each time the Offering Member desires to Transfer any of its Units (or applicable Unit Equivalents) (other than Transfers that (i) are permitted by Section 10.2 or (ii) are required to be made by a Member pursuant to Section 10.4), the Offering Member shall first make an offering of the Offered Units to the Company, first, and the ROFO Rightholders, second, all in accordance with the following provisions of this Section 10.3, prior to Transferring such Offered Units to any third party Transferee.
Appears in 9 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Offering; Exceptions. Each time the Offering Member desires to receives an offer for a Transfer of any of its Class A Preferred Units or Class A Common Units (or applicable Unit Equivalentsas applicable) (other than Transfers that (i) are permitted by Section 10.2 or (ii) are required to be made by a Member pursuant to Section 10.4)9.02, the Offering Member shall first make an offering of the Offered Units to the Company, first, and the ROFO Rightholders, second, all Applicable ROFR Rightholders in accordance with the following provisions of this Section 10.3, 9.03 prior to Transferring such Offered Units to any third party Transfereethe proposed purchaser.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)
