Examples of Offeree Members in a sentence
The Offeree Members shall have the first right to accept or reject any Transfer Offer.
If the Transferring Member specifics in the Transfer Offer a minimum number of Offered Units that must be Transferred under the Transfer Offer, and such minimum number of Offered Units is not accepted by one or more Offeree Members within thirty (30) days after the Transfer Offer Date.
The Option shall be exercised by the Offeree Members or the Exercising Members, as the case may be, by giving written notice ("Option NoticeOption Notice") to the Offeror within fifteen (15) Business Days following the date of receipt of the Acceptance Notice.
The adjustable clip also consists of a 3.5 mm aquiline wireto be used with the main runner.
The failure of the Offeree Members or the Exercising Members, as the case may be, to provide an Option Notice pursuant to the foregoing terms shall be deemed an election not to exercise such option.
To the extent that some, but not all, of the Offeree Members wish to exercise the Option, such Offeree Members wishing to exercise the Option (the "Exercising MembersExercising Series A Members") shall have the option to purchase the unpurchased subject Membership Interest pro rata according to the respective Percentage Interests of the Exercising Members.
If such sale does not occur within six months after the expiration of the five (5) business day period specified above, or if the Offeror attempts to sell its Membership Interest to a Third Party at a price that is less or on other terms that are less favorable than the Offer, such Membership Interests shall be reoffered to the Offeree Members in accordance with the provisions of Section 13.2 (a).
The Remaining Offered Units will automatically be deemed to be accepted by the Offeree Members who specified a Minimum Amount in their respective notice of acceptance, allocated among such Offeree Members (with rounding to avoid fractional shares) in proportion to their respective ROFR Share.
Subject to the provisions of this Section 8.3, each Offeree Member shall have the irrevocable right of first refusal for a period of thirty (30) days after its receipt of the Selling Member Notice (the "Acceptance Period") to purchase a portion of the Offered Units in the proportion that the Ownership Percentage of such Member bears to the Ownership Percentages of all the Offeree Members electing to so purchase the Offered Units.
At any time prior to the occurrence of a Triggering Event hereunder whereby the Company or a Member has the option or is required to purchase the Membership Interest of a Member pursuant to this Agreement, either of the Members (the "Offering Member") may tender an offer to the other Member (the "Offeree Member ") for the purchase of all (but not less than all) of the Offeree Member's Membership Interests.