Notice of Intended Transfer. The Transferring Member shall first offer the Subject Membership Interest to the other Members and the Company by delivering to the other Members and the Company a written notice (the “Right of First Refusal Notice”) stating (i) the Transferring Member’s bona fide intention to transfer the Subject Membership Interest, (ii) the name and address of the proposed transferee, (iii) the Membership Interest to be transferred (again, the “Subject Membership Interest”), and (iv) the purchase price and terms of payment for which the Transferring Member proposes to transfer the Subject Membership Interest.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement (Helix Biomedix Inc)