Option Not Exercised. If the other Member does not give such notice within the thirty (30) day period set forth in Section 6.3 and promptly pay its proportionate share of the Acquiring Member's actual out-of-pocket acquisition costs, the other Member shall have no interest in the interests acquired or proposed to be acquired and such interests shall not be part of the Assets or subject to the Agreement.
Appears in 2 contracts
Sources: Limited Liability Company Members' Agreement, Limited Liability Company Members' Agreement (Uranium Energy Corp)