Nature of Ownership Interest; No Partition. An Ownership Interest shall for all purposes be personal property. A Member has no interest in specific Membership property. Each Member waives any and all rights that it may have to maintain an action for partition of the Company’s property.
Appears in 3 contracts
Samples: Operating Agreement (Sky Harbour Group Corp), Limited Liability Company Operating Agreement (AST SpaceMobile, Inc.), Limited Liability Company Operating Agreement (System1, Inc.)
Nature of Ownership Interest; No Partition. An Ownership Interest shall for all purposes be personal property. A Member has no interest in specific Membership any of the Company’s assets or property. Each Member hereby waives any and all rights that it may have to maintain an action for partition of the Company’s assets or property.
Appears in 2 contracts
Samples: Operating Agreement (Flyexclusive Inc.), Equity Purchase Agreement (EG Acquisition Corp.)
