Common use of Purchase of Right Clause in Contracts

Purchase of Right. (i) Any Member that has elected to receive distributions approximating 100% of its allocable share of Company Profits pursuant to Section 6.2(c) may, in such Member's sole discretion, contribute cash to the Company in an amount equal to the amount determined in 6.2(d) for additional Member Units. (ii) Until the IPO, any Transmission-Dependent Utility shall have the right to maintain its initial Percentage Interest by paying cash for additional Member Units upon the contribution of additional Transmission Assets located in the State of Wisconsin after the Operations Date.

Purchase of Right. (i) Any Member that has elected to receive distributions approximating 100% of its allocable share of Company Profits pursuant to Section 6.2(c) may, in such Member's sole discretion, contribute cash to the Company in an amount equal to the amount determined in 6.2(d) for additional Member Units. (ii) Until the IPO, any TransmissionTax-Dependent Utility Exempt Member shall have the right to maintain its initial Percentage Interest by paying cash for additional Member Units upon the contribution of additional Transmission Assets located in the State of Wisconsin after the Operations DateWisconsin, whether contributed by initial Members or any new Member.