Transfers Initiated by Third Parties. You may provide your savings or checking account information to a third party and authorize them to withdraw payments or make deposits to your Wings accounts. These transfers may be one-time or recurring, and may use the Automated Clearing House network (ACH) or other payment network.
Transfers Initiated by Third Parties. (a) After the Restricted Period, if either Member (the “Offered Member”) receives an unsolicited bona fide offer (an “Unsolicited Third Party Offer”) from a third party (the “Third Party Offeror”) for the Transfer of all or any portion of its Interest (the “Offered Interest”) that the Offered Member is willing to accept, the Offered Member shall provide the other Member (the “Non-Offered Member”) a right of first refusal and tag-along rights pursuant to the procedures described in this Section 6.6. The Offered Member shall deliver a written notice of the proposed terms of the Unsolicited Third Party Offer (the “Offer Notice”) to the Non-Offered Member, which Offer Notice shall include a description of the Offered Interest and the purchase price at which the Third Party Offeror wishes to purchase the Offered Interest. The Non-Offered Member shall have a period of 45 days (the “Offer Notice Period”) from receipt of the Offer Notice to (i) elect to purchase the Offered Interest for cash on the same terms and conditions as the Unsolicited Third Party Offer (except that the Non-Offered Member shall pay cash in the amount of the Fair Market Value of any non-cash consideration included in the Unsolicited Third Party Offer, (ii) tag-along and participate in the proposed transaction or (iii) decline to participate in the proposed transaction and retain its Interest. If the Non-Offered Member exercises its rights under Section 6.6(a)(i) prior to the expiration of the Offer Notice Period, the parties shall effectuate such Transfer within 30 days after the end of the Offer Notice Period. If the Non-Offered Member exercises its rights under Section 6.6(a)(ii) prior to the expiration of the Offer Notice Period, the Non-Offered Member may sell a proportional amount (the “Non-Offered Interest”) equal to the Offered Interest to the Third Party Offeror along with the Offered Interest in the Unsolicited Third Party Offer (a “
Transfers Initiated by Third Parties. SECTION 6.7. Conditions to Tag-Along Sales and Drag-Along Sales
Transfers Initiated by Third Parties. You may authorize a third party to initiate transfers between your Account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the ACH or other payment networks. Your authorization to the third party to make these transfers can occur in several ways. For example, your authorization to convert a check to a transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third-party transfers will require you to provide the third party with your Account number and financial institution information. Thus, you should only provide your financial institution and Account information (whether over the phone, the internet or via some other method) to trusted third parties whom you have authorized to initiate these transfers. Examples of these transfers include, but are not limited to:
