Cessation. Notwithstanding any provision of the LLC Agreements to the contrary, immediately following the admission of the Assignee as the sole member of each of the Acquired Entities, the Assignor shall and does hereby cease to be a member of each of the Acquired Entities, and shall thereupon cease to have or exercise any right or power as a member of each of the Acquired Entities.
Appears in 3 contracts
Samples: Contribution Agreement (Energy Transfer Equity, L.P.), Contribution Agreement (USA Compression Partners, LP), Contribution Agreement (Energy Transfer Partners, L.P.)
Cessation. Notwithstanding any provision of the LLC Agreements Agreement to the contrary, immediately following the admission of the Assignee as the sole member of each of the Acquired EntitiesEntity, the Assignor shall and does hereby cease to be a member of each of the Acquired EntitiesEntity, and shall thereupon cease to have or exercise any right or power as a member of each of the Acquired EntitiesEntity.
Appears in 2 contracts
Samples: Equity Restructuring Agreement (USA Compression Partners, LP), Equity Restructuring Agreement (Energy Transfer Equity, L.P.)
Cessation. Notwithstanding any provision of in the LLC Agreements Agreement to the contrary, immediately following the admission of the Assignee as the sole a substitute member of each of the Acquired EntitiesCompany, the Assignor shall and does hereby cease to be a member of each of the Acquired Entities, Company and shall thereupon cease to have or exercise any right or power as a member of each of the Acquired EntitiesCompany.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Jewell Coal & Coke Company, Inc.), Limited Liability Company Agreement (Jewell Coal & Coke Company, Inc.)
Cessation. Notwithstanding any provision of the LLC Agreements Agreement to the contrary, immediately following the admission of the Assignee as the sole a substitute member of each of the Acquired EntitiesCompany, the Assignor shall and does hereby cease to be a member of each of the Acquired EntitiesCompany, and shall thereupon cease to have or exercise any right or power as a member of each of the Acquired EntitiesCompany.
Appears in 2 contracts
Samples: Purchase Agreement (Energy Transfer Equity, L.P.), Purchase Agreement (Energy Transfer Partners, L.P.)
