Nature of Membership Interests. All Membership Interests issued pursuant to, and in accordance with the requirements of this Article V shall be fully paid and non-assessable Membership Interests, except as such non-assessability may be affected by Section 18-607 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Penn Virginia Resource Partners L P)
Nature of Membership Interests. All Membership Interests issued pursuant to, and in accordance with with, the requirements of this Article V IV shall be fully paid and non-assessable Membership Interests, except as such non-assessability may be affected by Section 18-607 of the Act.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Liability Company Agreement (Holly Energy Partners Lp)
Nature of Membership Interests. All Membership Interests issued pursuant to, and in accordance with the requirements of this Article V IV shall be fully paid and non-assessable Membership Interests, except as such non-assessability may be affected by Section 18-607 of the Act.
Appears in 1 contract
Samples: Limited Partnership Agreement
