Common use of Divorce/Separation of Unitholder Clause in Contracts

Divorce/Separation of Unitholder. If required by the Manager, each Member or Unitholder who is an individual shall, at the time of his or her execution of this Agreement or, if any such Person is currently unmarried, at such later time as such Person becomes married or is later required by Manager, cause his or her spouse to execute and deliver to the Company a Consent and Agreement of Spouse in the form attached hereto. If any Member who is an individual (for purposes of this Section 8.7, a “Separated Member”) and his or her spouse (for purposes of this Section 8.7, a “Former Spouse”) become legally separated or divorced and a court or any property settlement or other agreement awards any Units owned by such Separated Member to such Former Spouse, then in such case, notwithstanding the provisions of, such Units (the “Former Spouse’s Units”) held by such Member shall be dealt with as follows:

Divorce/Separation of Unitholder. If required by the Manager, each Member or Unitholder who is an individual shall, at the time of his or her execution of this Agreement or, if any such Person is currently unmarried, at such later time as such Person becomes married or is later required by Manager, cause his or her spouse to execute and deliver to the Company a Consent and Agreement of Spouse in the form attached hereto. If any Member who is an individual (for purposes of this Section 8.78.6, a “Separated Member”) and his or her spouse (for purposes of this Section 8.78.6, a “Former Spouse”) become legally separated or divorced and a court or any property settlement or other agreement awards any Units owned by such Separated Member to such Former Spouse, then in such case, notwithstanding the provisions of, such Units (the “Former Spouse’s Units”) held by such Member shall be dealt with as follows: