Llc Operating Agreement Buy Sell Provisions Review

Unless otherwise agreed, the purchase price shall be paid as follows: A down payment of [20]% at closing.

A qualified independent appraiser selected by the Company. llc operating agreement buy sell provisions

Interest shall accrue on the unpaid balance at the [Current Federal Prime Rate]. [X].7 Drag-Along and Tag-Along Rights Unless otherwise agreed, the purchase price shall be

If a Member receives a bona fide written offer from a third party to purchase their Interest: the entirety of their Membership Interest.

No Member shall sell, assign, pledge, or otherwise transfer all or any part of their Membership Interest, whether voluntarily or by operation of law, except in accordance with the terms of this Article. Any attempted transfer in violation of this Agreement shall be null and void. [X].2 Triggering Events

of this Operating Agreement that remains uncured. [X].3 Right of First Refusal (ROFR)

Upon the death or permanent disability of a Member, the Company (or the remaining Members) shall be obligated to purchase, and the affected Member (or their estate) shall be obligated to sell, the entirety of their Membership Interest.