Limited Liability Interests Sample Clauses

Limited Liability Interests. To the extent the Company or any Subsidiary Guarantor owns any Equity in any Person (other than a Subsidiary Guarantor) which are not Limited Liability Interests, the Company shall, and shall cause each Subsidiary Guarantor to, within 60 days following the Closing Date, transfer all of such Equity to an Unrestricted Subsidiary such that on or before the 60th day following the Closing Date, neither the Company nor any Subsidiary Guarantor shall own any Equity in any Person (other than Subsidiary Guarantors) which are not Limited Liability Interests.
Sample 1
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Limited Liability Interests. Xxxxxxx X. Xxxx 3 Units of KLE Mineral Holdings, LLC Xxx X. Xxxxxxxx 1 Unit of KLE Mineral Holdings, LLC
Sample 1
Limited Liability Interests. Except as set forth on Schedule 3(e), each Seller holds of record and owns beneficially the number of Limited Liability Interests set forth next to its name on Schedule 3(e) free and clear of any restrictions on transfer (other than any restrictions under the Securities Act of 1933, as amended, and state securities laws or as set forth on Schedule 3(e)) Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims and demands. Neither Seller is a party to any options, warrants, purchase rights, or other contract or commitment that could require either Seller to sell, transfer, or otherwise dispose of any Limited Liability Interests (other than this Agreement). Neither Seller is a party to any voting trust, proxy, or other agreement or understanding with respect to any of the Limited Liability Interests.
Sample 1

Related to Limited Liability Interests

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Limited Liability Except as provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.

  • Unlimited Liability Neither party will exclude or limit its liability for damages resulting from: a) unauthorized use or disclosure of Confidential Information, b) either party’s breach of its data protection and security obligations that result in an unauthorized use or disclosure of personal data,

  • Limited Liability Company The Member intends to form a limited liability company and does not intend to form a partnership under the laws of the State of Delaware or any other laws.

  • Certificate of Limited Liability Company Interest A Member’s limited liability company interest may be evidenced by a certificate of limited liability company interest executed by the Manager or an officer in such form as the Manager may approve; provided that such certificate of limited liability company interest shall not bear a legend that causes such limited liability company interest to constitute a security under Article 8 (including Section 8-103) of the Uniform Commercial Code as enacted and in effect in the State of Delaware, or the corresponding statute of any other applicable jurisdiction.

  • The Limited Liability Company The Members have created a limited liability company: The operations of the Company shall be governed by the laws located in the State of Governing Law and in accordance with this Agreement as follows:

  • Partnership and Limited Liability Company Interests Except as previously disclosed to the Administrative Agent, none of the Collateral consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset.

  • Limited Liability of Limited Partners (1) Each Unit of Limited Partnership Interest, when purchased by a Limited Partner, subject to the qualifications set forth below, shall be fully paid and non-assessable. (2) A Limited Partner shall have no liability in excess of his obligation to make contributions to the capital of the Partnership and his share of the Partnership’s assets and undistributed profits, subject to the qualifications provided in the Partnership Act.

  • Formation of Limited Liability Company The Company was formed on January 13, 2017, pursuant to the Delaware Limited Liability Company Act, 6 Del. C. § 18-101, et seq., as amended from time to time (the “Delaware Act”), by the filing of a Certificate of Formation of the Company with the office of the Secretary of the State of Delaware. The rights and obligations of the Member and the administration of the Company shall be governed by this Agreement and the Delaware Act. To the extent this Agreement is inconsistent in any respect with the Delaware Act, this Agreement shall control.

  • Certification of Limited Liability Company and Limited Partnership Interests Each interest in any limited liability company or limited partnership controlled by any Grantor and pledged hereunder shall be represented by a certificate, shall be a “security” within the meaning of Article 8 of the New York UCC and shall be governed by Article 8 of the New York UCC.

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