Limitations on Ownership. Notwithstanding the foregoing, in the event that the procedures set forth in this Section 10.5 would result in a Person acquiring Units in excess of the limitations set forth in Section 3.5, the number of Units to be acquired by such Person from the Selling Member and each Tag-along Class A Member shall be proportionately reduced so as to result in an acquisition of Units that would not exceed the limitations set forth in Section 3.5.
Appears in 6 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Limitations on Ownership. Notwithstanding the foregoing, in the event that the procedures set forth in this Section 10.5 would result in a Person acquiring Units in excess of the limitations set forth in Section 3.5, the number of Units to be acquired by such Person from the Selling Member and each Tag-along Class A Member shall be proportionately reduced so as to result in an acquisition of Units that would not exceed the limitations set forth in Section 3.5.
Appears in 5 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement