Common use of Closing of Purchase of Former Member’s Interest Clause in Contracts

Closing of Purchase of Former Member’s Interest. The closing (the "Closing") of the sale of a Former Member's Interest shall be held no later than sixty (60) days after the determination of the purchase price. At the Closing, the Former Member or the Former Member's legal representative shall deliver to the purchasers an instrument of transfer (containing warranties as to title and the absence of encumbrances) conveying the Former Member's Interest. The Former Member or the Former Member's legal representative and the purchasers shall do all things and execute and deliver all papers necessary to consummate the transaction in accordance with the provisions of this Agreement.

Closing of Purchase of Former Member’s Interest. The closing (the "Closing") of for the sale of a Former Member's ’s Interest pursuant to this Section 10 shall be held no later than sixty (60) days after the determination of the purchase price. At the Closingclosing, the Former Member or the Former Member's legal representative shall deliver to the purchasers Company or the Remaining Members an instrument of transfer (containing warranties as to of title and the absence of no encumbrances) conveying the Former Member's ’s Interest. The Former Member or Member, the Former Member's legal representative Company and the purchasers Remaining Members shall do all things and execute and deliver all papers as may be necessary fully to consummate the transaction such sale and purchase in accordance with the terms and provisions of this Agreement.