Triggering Member definition

Triggering Member shall have the meaning specified in Section 13.01.
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Triggering Member is defined in Section 11.1.6.
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Triggering Member has the meaning set forth in Section 11.1(a).
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Examples of Triggering Member in a sentence

  • If the Triggering Member wishes to effect the Company Sale to the Forced Sale Offeror on terms materially more beneficial to the Forced Sale Offeror than set forth in the Forced Sale Offer, the Triggering Member shall be required to notify the Non-Triggering Member of such modified terms in accordance with Section 11.2(b) and the Non-Triggering Member will be entitled to exercise its right of first refusal (as set forth in this Section 11.2) as to such amended terms.

  • If any Member elects to trigger its Buy-Sell Right as provided in this Section 13.1, such Member (together with any of its designees, the “Buy-Sell Triggering Member”) may deliver to the other Member (together with any of its designees, the “Buy-Sell Non-Triggering Member”) a Notice (the “Buy-Sell Notice”) stating (i) that the Buy-Sell Triggering Member is exercising its Buy-Sell Right under this Section 13.1, and (ii) that the terms of payment shall be all cash at closing.

  • The Buy-Sell Notice shall constitute a demand that the Buy-Sell Non-Triggering Member either: (x) purchase the Buy-Sell Triggering Member’s Entire LLC Interest at the Sell-Out Price or (y) sell to the Buy-Sell Triggering Member the Buy-Sell Non-Triggering Member’s Entire LLC Interest at the Buy-Out Price.

  • Following receipt of the Demand, all Members shall discuss in good faith, for a period of thirty (30) days from such receipt or such longer period of time as all Members may agree (the “Negotiation Period”), the potential for the Triggering Member to sell its Interest to the other Members, or to acquire the Interests of the other Members, all on terms mutually satisfactory to all Members.

  • The form of the definitive agreements relating to such Triggering Member Sale shall be mutually agreed upon and contain the terms and conditions set forth in the Approved Sale Response Notice and such other customary representations, warranties and covenants for transactions similar to the Triggering Member Sale.


More Definitions of Triggering Member

Triggering Member has the meaning ascribed to it in Section 11.3 above.
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Triggering Member shall have the meaning ascribed to such term in Section 10.01(a).
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Triggering Member has the meaning given that term in Clause Sixteenth.
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Triggering Member has the meaning assigned to it in Section 9.4(a).
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Triggering Member means, as the case may be, the Vendor in accordance with Section 14.3(a), a Target Member in accordance with Section 14.4(a) or a Defaulting Member in accordance with Section 15.2.
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Triggering Member has the meaning set out in Section 5.5(a);
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Triggering Member has the meaning for such term set forth in Section 3.2(e)(i).
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