Common use of No Interest in Company Property Clause in Contracts

No Interest in Company Property. Waiver of Action for Partition. No Member or Assignee has any interest in specific property of the Company. Without limiting the foregoing, each Member and Assignee irrevocably waives during the term of the Company any right that it may have to maintain any action for partition with respect to the property of the Company.

Appears in 2 contracts

Samples: Operating Agreement (United Leisure Corp), Operating Agreement (Panera Bread Co)

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No Interest in Company Property. Waiver of Action for PartitionWAIVER OF ACTION FOR PARTITION. No Member or Assignee has any interest in specific property of the Company. Without limiting the foregoing, each Member and Assignee irrevocably waives during the term of the Company any right that it he or she may have to maintain any action for partition with respect to the property of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Freedom Securities Corp /De/), Operating Agreement (Freedom Securities Corp /De/)

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No Interest in Company Property. Waiver of Action for Partition. WAIVER OF ACTION FOR PARTITION No Member or Assignee has any interest in specific property of the Company. Without limiting the foregoing, each Member and Assignee irrevocably waives during the term of the Company any right that it may have to maintain any action for partition with respect to the property of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Brookdale Senior Living Inc.)

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