Compliance with LLC Act. Each Member agrees not to take any action or fail to take any action which, considered alone or in the aggregate with other actions or events, would result in the termination of the Venture under the LLC Act. No Member shall file for, pursue or seek any partition of any Venture Assets.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (NorthStar Healthcare Income, Inc.), Limited Liability Company Agreement (NorthStar Healthcare Income, Inc.), Limited Liability Company Agreement (NorthStar Healthcare Income, Inc.)
Compliance with LLC Act. Each Member agrees not to take any action or fail to take any action which, considered alone or in the aggregate with other actions or events, would result in the termination of the Venture LLC under the LLC ActAct (it being understood that there shall be no breach under this Section 14.01 if a sale of all or substantially all of the LLC Assets under Section 10.01 causes a dissolution of the LLC under Section 11.01). No Member shall file for, pursue or seek any partition of any Venture LLC Assets.
Appears in 2 contracts
Samples: Operating Agreement (Reckson Operating Partnership Lp), Operating Agreement (Reckson Associates Realty Corp)
Compliance with LLC Act. Each Member agrees not to take any action or fail to take any action which, considered alone or in the aggregate with other actions or events, would result in the dissolution or termination of the Venture Company under the LLC Act. No Member shall file for, pursue or seek any partition of any Venture Assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Commscope Inc)
Compliance with LLC Act. Each Member agrees not to take any action or fail to take any action whichin contravention of this Agreement that, considered alone or in the aggregate with other actions or events, would result in the termination of the Venture Company under the LLC Act. No Member shall file for, pursue or seek any partition of any Venture Assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Intrexon Corp)
Compliance with LLC Act. Each Member agrees not to take any action or fail to take any action which, considered alone or in the aggregate with other actions or events, would result in the termination of the Venture LLC under the LLC Act. No Member shall file for, pursue or seek any partition of any Venture Assets.
Appears in 1 contract
Samples: Operating Agreement (Reckson Operating Partnership Lp)
