Common use of Disassociation Pursuant to Section 10 Clause in Contracts

Disassociation Pursuant to Section 10. 1(vi). In the event of a Disassociation of a Member pursuant to Section 10.1(vi), that Member’s Units shall pass to the Member’s estate and to his/her heirs, all of which shall be treated as an unadmitted Assignee, and the optional buy out rights set forth in Section 10.3 shall not apply.

Appears in 5 contracts

Samples: Operating Agreement of Kykuit Resources (John D. Oil & Gas Co), Operating Agreement of Kykuit Resources (Energy West Inc), Operating Agreement of Kykuit Resources (John D. Oil & Gas Co)

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