Common use of Partners Clause in Contracts

Partners. If the Partnership declines to purchase said ownership interest under said notice period, each Partner shall jointly and severally be given a first right of refusal within days’ notice to purchase the ownership interest under the same terms and conditions agreed upon by the potential buyer. If more than one (1) Partner agrees to purchase, they shall be obligated to share the terms of the purchase equally.

Appears in 61 contracts

Samples: Kentucky Partnership Agreement, Wyoming Partnership Agreement, Oregon Partnership Agreement

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Partners. If the Partnership declines to purchase said ownership interest under said notice period, each Partner shall jointly and severally be given a first right of refusal within [#] days’ notice to purchase the ownership interest under the same terms and conditions agreed upon by the potential buyer. If more than one (1) Partner agrees to purchase, they shall be obligated to share the terms of the purchase equally.

Appears in 36 contracts

Samples: North Carolina Partnership Agreement, Wyoming Partnership Agreement, Vermont Partnership Agreement

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Partners. If the Partnership declines to purchase said ownership interest under said notice period, each Partner shall jointly and severally be given a first right of refusal within 90 days’ notice to purchase the ownership interest under the same terms and conditions agreed upon by the potential buyer. If more than one (1) Partner agrees to purchase, they shall be obligated to share the terms of the purchase equally.

Appears in 2 contracts

Samples: Sample Partnership Agreement, Sample Partnership Agreement

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