No Obligation to Purchase Membership Interest. No Member whose membership in the Company terminates, nor any transferee of such Member, shall have any right to demand or receive a return of such terminated Member’s Capital Contributions or to require the purchase or redemption of the Member’s Membership Interest. The other Members and the Company shall not have any obligation to purchase or redeem the Membership Interest of any such terminated Member or transferee of any such terminated Member.
Appears in 35 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement (Advanced BioEnergy, LLC)
No Obligation to Purchase Membership Interest. No Member whose membership in the Company terminates, nor any transferee of such Member, shall have any right to demand or receive a return of such terminated Member’s 's Capital Contributions or to require the purchase or redemption of the Member’s 's Membership Interest. The other Members and the Company shall not have any obligation to purchase or redeem the Membership Interest of any such terminated Member or transferee of any such terminated Member.
Appears in 9 contracts
Samples: Operating Agreement, Operating Agreement (Advanced BioEnergy, LLC), Operating Agreement
No Obligation to Purchase Membership Interest. No Member whose membership in the Company terminates, nor any transferee of such Member, shall have any right to demand or receive a return of such terminated Member’s 's Capital Contributions or to require the purchase or redemption of the Member’s 's Membership Interest. The other Members and the Company shall not have any obligation to purchase or redeem the Membership Interest of any such terminated Member or transferee of any such terminated Member.. BADGER STATE ETHANOL, LLC OPERATING AGREEMENT
Appears in 1 contract
No Obligation to Purchase Membership Interest. No Member whose membership in the Company terminates, nor any transferee of such Member, shall have any right to demand or receive a return of such terminated Member’s 's Capital Contributions or to require the purchase or redemption of the Member’s 's Membership Interest. The other Members and the Company shall not have any obligation to purchase or redeem the Membership Interest of any such terminated Member or transferee of any such terminated Member.. 6.15
Appears in 1 contract
No Obligation to Purchase Membership Interest. No Member whose membership in the Company terminates, nor any transferee of such Member, shall have any right to demand or receive a return of such terminated Member’s 's Capital Contributions or to require the purchase or redemption of the Member’s 's Membership Interest. The other Members and the Company shall not have any obligation to purchase or redeem the Membership Interest of any such terminated Member or transferee of any such terminated Member.not
Appears in 1 contract
No Obligation to Purchase Membership Interest. No Member whose membership in the Company terminates, nor any transferee of such Member, shall have any right to demand or receive a return of such terminated Member’s Capital Contributions or to require the purchase or redemption of the Member’s Membership Interest. The other Members and Neither the Company nor any Member shall not have any obligation to purchase or redeem the Units or Membership Interest of any such terminated Member or transferee of any such terminated Member.
Appears in 1 contract
Samples: Operating Agreement (Siouxland Renewable Holdings, LLC)
