Continuity of Ownership. The Managing Member will treat ownership of the Class B Membership Interests as being continuous from the Closing Date to the relevant testing date as of which the calculation is being made without regard to any change in ownership of the Class B Membership Interests during such period.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Ormat Technologies, Inc.), Limited Liability Company Agreement (Ormat Technologies, Inc.), Equity Contribution Agreement (Ormat Technologies, Inc.)
Continuity of Ownership. The Managing Member will treat ownership of the Class B Membership Interests Units as being continuous from the Closing Effective Date to the relevant testing date as of which the calculation is being made without regard to any change in ownership of the Class B Membership Interests Units during such period.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
