Membership Status. After a permitted Transfer of Units in accordance with Article XII by a Member, such Member shall not be entitled to any Distributions or payments of any kind from the Company with respect to such Units and shall no longer be considered a Member with respect to such Units for any purposes.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (FMC Technologies Inc)
Membership Status. After a permitted Transfer of Units in accordance with Article XII by a Member, such Member shall not be entitled to any Distributions or payments of any kind from the Company with respect to such Units and shall no longer be considered a Member with respect to such Units for any purposes.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Yankee Holding Corp.)
Membership Status. After a permitted Transfer of Units in accordance with Article ARTICLE XII by a Member, as applicable, such transferring Member shall not be entitled to any Distributions or payments of any kind from the Company with respect to such Units and shall no longer be considered a Member with respect to such Units for any purposespurpose.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Priority Technology Holdings, Inc.)
