Examples of Value Notice in a sentence
The Electing Member shall have thirty (30) days from receipt of the Value Notice to notify the Initiating Member in writing (the “Election Notice”) whether the Electing Member shall sell their Units in the Company to the Initiating Member or purchase the Initiating Member’s Units in the Company.
The Value Notice shall set forth a calculation, in reasonable detail, of the application of the Stated Amount to pay all Company obligations (including Member loans payable by the Company), and of all distributions to be made, resulting in specified purchase prices for each Member’s Units pursuant to Section 14.02 below.
The DHLUC governance review report was published on 3 August 2023 alongside a Best Value Notice to BCP Council.