Application of Transfer Restrictions. The provisions of this Section 10.5 shall only apply to the portion of the Transfers in which: (i) the Company and ROFO Rightholders have not exercised their rights under Section 10.3 to purchase all of the Offered Units; and (ii) the Company has elected to not exercise its drag-along right under Section 10.4 (if applicable).
Appears in 11 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Application of Transfer Restrictions. The provisions of this Section 10.5 10.05 shall only apply to the portion of the Transfers in which:
(i) the The Company and ROFO Rightholders the Applicable ROFR Rightholder have not exercised their rights in full under Section 10.3 10.03 to purchase all of the Offered Units; and
(ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (if applicable)10.04.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Good Hemp, Inc.)
Application of Transfer Restrictions. The provisions of this Section 10.5 9.05 shall only apply to the portion of the Transfers in which:
(i) the Company and ROFO Rightholders have not No ROFR Rightholder has exercised their rights its right under Section 10.3 9.03 to purchase all of the Offered UnitsInterests; and
and (ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (9.04, if applicable).
Appears in 1 contract
Sources: Contribution Agreement
Application of Transfer Restrictions. The provisions of this Section 10.5 9.06 shall only apply to the portion of the Transfers pursuant to Section 9.05 and other Transfers in which:
(i) the Company and ROFO Rightholders have not No ROFR Rightholder has exercised their rights its right under Section 10.3 9.03 or Section 9.05 to purchase all of the Offered UnitsInterests; and
(ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (if applicable).9.04; and
Appears in 1 contract
Sources: Limited Liability Company Agreement (BIT ORIGIN LTD)
Application of Transfer Restrictions. The provisions of this Section 10.5 10.05 shall only apply to the portion of the Transfers in which:
(i) the The Company and ROFO ROFR Rightholders have not exercised their rights in full under Section 10.3 10.03 to purchase all of the Offered Units; and
(ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (if applicable)10.04.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Liquid Holdings Group LLC)
Application of Transfer Restrictions. The provisions of this Section 10.5 10.05 shall only apply to the portion of the Transfers in which:
(i) the The Company and ROFO Rightholders Applicable ROFR Rightsholders have not exercised their rights in full under Section 10.3 10.03 to purchase all of the Offered Units; and
(ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (if applicable)10.04.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)
Application of Transfer Restrictions. The provisions of this Section 10.5 10.05 shall only apply to the portion of the Transfers in which:
(i) the The Company and ROFO Applicable ROFR Rightholders have not exercised their rights in full under Section 10.3 10.03 to purchase all of the Offered Units; and
(ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (if applicable)10.04.
Appears in 1 contract
Application of Transfer Restrictions. The provisions of this This Section 10.5 9.04 shall only apply to the portion of the Transfers transfers in which:
(i) the Company and ROFO Rightholders Members have not exercised their rights in full under Section 10.3 9.03 to purchase all of the Offered Units; andROFR Offering Interests;
(ii) the Company Dragging Member has elected not to not exercise its drag-along right under Section 10.4 9.05; or
(if applicable)iii) the Transfer is not a permitted transfer under Section 9.02.
Appears in 1 contract
Application of Transfer Restrictions. The provisions of this Section 10.5 11.05 shall only apply to the portion of the Transfers in which:
(i) the Company and ROFO The Applicable ROFR Rightholders have not exercised their rights in full under Section 10.3 11.03 to purchase all of the Offered Units; and
(ii) the Company The Dragging Member has elected to not exercise its drag-along right under Section 10.4 (if applicable)11.04.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Longeveron LLC)