Irrevocable Appointment. The appointment of the Representative hereunder is irrevocable and any action taken by the Representative pursuant to the authority granted in this Article X shall be effective and absolutely binding on each Transferor, except for actions taken by the Representative which are in bad faith or grossly negligent.
Appears in 4 contracts
Samples: LLC Interest Transfer Agreement, Interest Transfer Agreement (NGL Energy Partners LP), LLC Interest Transfer Agreement (NGL Energy Partners LP)
Irrevocable Appointment. The appointment of the Representative hereunder is irrevocable and any action taken by the Representative pursuant to the authority granted in this Article X shall be effective and absolutely binding on each Transferor, except for actions taken by the Representative which are in bad faith or grossly negligent.
Appears in 4 contracts
Samples: LLC Interest Transfer Agreement, LLC Interest Transfer Agreement, LLC Interest Transfer Agreement (NGL Energy Partners LP)
