Proposed Units definition
Examples of Proposed Units in a sentence
The Proposed Sale Notice shall specify the proposed sale price of the Proposed Units and the material terms and conditions of such Proposed Sale (the “Proposed Sale Terms”).
The amount of such Proposed Units that each Tag-Along Member is entitled to include in such Proposed Sale under this Section 8.4(c) shall be referred to as its “Tag-Along Units”.
In the event more than one Offeree Member elects to purchase the Proposed Units, such units shall be allocated to each Offeree Member pro rata in accordance with their relative Percentage Interests.
At the closing, the Selling Member shall deliver such customary transfer documents as the applicable Offeree Member may reasonably request to Transfer the Proposed Units to be sold by such Selling Member, against delivery of the applicable consideration.
At the closing, the Selling Member shall deliver such customary transfer documents as the Offeree Member may reasonably request to Transfer the Proposed Units to be sold by such Selling Member, against delivery of the applicable consideration.
If the Offeree Member elects to purchase the Proposed Units, then the closing of such Transfer shall take place at such time and place as specified in the Purchase Notice, which date shall not be more than one hundred twenty (120) days after delivery of the Purchase Notice by the Offeree Member, subject to extension of up to an additional one hundred fifty (150) days if necessary in order to obtain any third party Consents required to consummate the Proposed Sale.
If an Offeree Member elects to purchase the Proposed Units, then the closing of such Transfer shall take place at such time and place as specified in the Purchase Notice, which date shall not be more than one hundred twenty (120) days after delivery of the Purchase Notice by the Offeree Member, subject to extension of up to an additional one hundred fifty (150) days if necessary in order to obtain any third party Consents required to consummate the Proposed Sale.
The amount of such Proposed Units that each Tag-Along Member is entitled to include in such Proposed Sale under this Section 8.4(c) shall be referred to as its "Tag-Along Units".
If the Non-defaulting Offeree Member does not elect to purchase the Proposed Units which the Defaulting Offeree Member failed to Purchase within the time period set forth in this Section 6.06(e), then the Selling Member may proceed with the Proposed Sale of all of the Proposed Units without the Consent of any Member or Manager but subject to the provisions of this Section 6.06, and the Non-defaulting Offeree Member shall have no further right to purchase the Proposed Units it elected to purchase.
Infrastructure for 207 Type III Proposed Units on Parcel 12 is complete (collectively, the “Ready To Be Built Units”).