Examples of ROFR Member in a sentence
To exercise its Right of First Refusal, an ROFR Member (a “Purchasing Member”) must deliver written notice of such exercise to Seller within the Exercise Period indicating the number of Transfer Interests it wishes to purchase pursuant to the Right of First Refusal.
To exercise its Right of First Refusal, a ROFR Member (a "Purchasing Member") must deliver written notice of such exercise to Seller within the Exercise Period indicating the number of Transfer Interests it wishes to purchase pursuant to the Right of First Refusal.
The Non-Selling Member (a “ ROFR Member”) may elect to purchase on the same terms as specified in the Sale Notice all or a portion of the Units that the Selling Member has proposed to sell pursuant to a Member Sale by delivering irrevocable written notice (“ROFR Notice”) to the Selling Member within 30 days (the “ROFR Period”) after delivery of the Sale Notice indicating the number of Units that the ROFR Member desires to purchase.
Should the purchase price specified in the Transfer Notice be payable in property other than cash or evidences of indebtedness, the ROFR Member shall have the right to pay the purchase price in the form of cash equal in amount to the fair market value of such property.
To exercise such right, the ROFR Member shall notify the transferring Member in writing within the Offer Period of its election to purchase all of the Offer Units.
The Offeree shall deliver copies of the Offer to the Board of Directors and the ROFR Member (the “Offer Notice”).
In the event the ROFR Member does not elect to purchase all of the Offered Units within the Offer Period, but otherwise consents to the Transfer pursuant to Section 14(a), the Transferring Member shall be entitled to Transfer the Offered Units to the third party on the terms set forth in the Offer, subject however to the ROFR Members rights in Section 14(b).
The Transferor shall have the right to terminate or withdraw any Transfer Notice and any intent to Transfer Offered Securities at any time, whether or not any ROFR Member, has elected to purchase under this Section 13(a)(iii) any Offered Securities offered thereby.
To exercise its Right of First Refusal, a ROFR Member (a “Purchasing Member”) must deliver written notice of such exercise to Seller within the Exercise Period indicating the number of Transfer Interests it wishes to purchase pursuant to the Right of First Refusal.
The Transferor shall have the right to terminate or withdraw any Transfer Notice and any intent to transfer Offered Securities at any time, whether or not any ROFR Member, has elected to purchase under this Section 9(a)(iii) any Offered Securities offered thereby.