Member’s Interest. A Member’s Interest shall for all purposes be personal property. Title to the Company’s assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Member, Manager, Operator or officer of the Company shall have any ownership interest in such Company assets.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MPLX Lp), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
Member’s Interest. A Member’s 's Interest shall for all purposes be personal property. Title to the Company’s 's assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Member, Manager, Operator or officer of the Company shall have any ownership interest in such Company assets.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
Member’s Interest. A Member’s 's Interest shall for all purposes be personal property. Title to A Member has no interest in specific Company property. All property of the Company’s assets, whether realreal or personal, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Member, Managerindividually, Operator or officer of the Company shall have any direct ownership interest in such Company assetsproperty.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Times Mirror Co /New/), Limited Liability Company Agreement (Times Mirror Co /New/)
Member’s Interest. A Member’s Interest shall for all purposes be personal property. Title to A Member has no interest in specific Company property. All property of the Company’s assets, whether realreal or personal, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Member, Managerindividually, Operator or officer of the Company shall have any direct ownership interest in such Company assetsproperty.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Tribune Co), Limited Liability Company Agreement (Tribune Co)
Member’s Interest. A Member’s 's Interest shall for all purposes be personal property. Title to the Company’s assets, whether real, personal No Member (or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as other holder of an entity, and no Member, Manager, Operator or officer of the Company Interest) shall have any ownership interest in specific Company assets or property, including any assets or property contributed to the Company by such Company assetsMember as part of any Capital Contribution.
Appears in 1 contract
Member’s Interest. A Member’s Interest shall will for all purposes be personal property. Title to the Company’s assets, whether real, personal or mixed and whether tangible or intangible, shall will be deemed to be owned by the Company as an entity, and no Member, Manager, Operator or officer of the Company shall will have any ownership interest in such Company assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rice Energy Inc.)
Member’s Interest. A Member’s Interest interest in the Company (including, without limitation, the Member’s Membership Interest) shall for all purposes be personal property. Title to A Member has no interest in specific Company Property and all property owned by the Company’s assets, whether real, personal or mixed and whether tangible or intangible, Company shall be deemed to be owned by the Company as an entity. Subject to the terms of any Loan Documents, and no Memberto the fullest extent permitted by applicable law, Manager, Operator a judgment creditor or officer other creditor of a Member of the Company shall have no right, power, authority or authorization to attach, or obtain any ownership interest in such Company assetsor to, any property of the Company, any specific property of the Company, or any interest therein.
Appears in 1 contract
Samples: Operating Agreement
Member’s Interest. A Member’s Interest shall will for all purposes be personal property. Title to the Company’s assets, whether real, personal or mixed and whether tangible or intangible, shall will be deemed to be owned by the Company as an entity, and no Member, Manager, Operator or officer of the Company shall will have any ownership interest in such Company assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rice Energy Inc.)