Common use of Non-Compete Covenants Clause in Contracts

Non-Compete Covenants. A Participant that withdraws pursuant to the terms of this Agreement shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 months after the effective date of withdrawal. If a withdrawing Participants, or the Affiliate of a withdrawing Participant, breaches this Section 12.6, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing Participants, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants at any time within 45 days after it is received by such non-withdrawing Participants.

Non-Compete Covenants. A Participant that withdraws pursuant to the terms of this Agreement Section 12.2, or is deemed to have withdrawn pursuant to Section 5.2, 6.4, or 6.5, shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 months two (2) years after the effective date of withdrawal. If a withdrawing ParticipantsParticipant, or the an Affiliate of a withdrawing Participant, breaches this Section 12.612.7, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing Participantsnonwithdrawing Participant, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants Participant at any time within 45 forty-five (45) days after it is received by such non-withdrawing Participantsnonwithdrawing Participant.

Non-Compete Covenants. A Participant that withdraws pursuant to the terms of this Agreement ---------------------- Section 12.3, or is deemed to have withdrawn pursuant to Section 5.2 or 6.5, shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 months after the effective date of withdrawal. If a withdrawing ParticipantsParticipant, or the Affiliate of a withdrawing Participant, breaches this Section 12.6, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing ParticipantsParticipant, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants Participant at any time within 45 days after it is received by such non-withdrawing ParticipantsParticipant.

Non-Compete Covenants. 11.5 A Participant that withdraws is deemed to have withdrawn pursuant to the terms of this Agreement §6.3 or §6.4, shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 months two (2) years after the effective date of withdrawal. If a the withdrawing ParticipantsParticipant, or the Affiliate of a withdrawing Participant, breaches this Section 12.6§11.5, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing ParticipantsParticipant, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants Participant at any time within 45 forty-five (45) days after it is received by such non-withdrawing ParticipantsParticipant.

Non-Compete Covenants. A Participant that withdraws pursuant to the terms of this Agreement Article is deemed to have withdrawn pursuant to an uncured default and its Affiliates shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 twenty-four (24) months after the effective date of withdrawal. If a withdrawing ParticipantsParticipant, or the Affiliate of a withdrawing Participant, breaches this Section 12.6Article, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing ParticipantsParticipant, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants Participant at any time within 45 forty-five (45) days after it is received by such non-withdrawing ParticipantsParticipant.

Non-Compete Covenants. A Participant that withdraws pursuant to the terms of this Agreement Section 12.3, or is deemed to have withdrawn pursuant to Section 6.5, shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 months after the effective date of withdrawal. If a withdrawing ParticipantsParticipant, or the Affiliate of a withdrawing Participant, breaches this Section 12.6, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing ParticipantsParticipant, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants Participant at any time within 45 days after it is received by such non-withdrawing ParticipantsParticipant.

Non-Compete Covenants. A Participant that withdraws pursuant to the terms of this Agreement Section 12.3, or is deemed to have withdrawn pursuant to Section 6.5, shall not directly or indirectly acquire any interest in property within the Area of Interest for 12 months after the effective date of withdrawal. If a withdrawing Participants, or the Affiliate of a withdrawing Participant, breaches this Section 12.6, such Participant or Affiliate shall be obligated to offer to convey to the non-withdrawing Participants, without cost, any such property or interest so acquired. Such offer shall be made in writing and can be accepted by the non-withdrawing Participants at any time within 45 days after it is received by such non-withdrawing Participants.