Common use of No Other Persons Deemed Members Clause in Contracts

No Other Persons Deemed Members. Unless admitted to the Company as a Member as provided in this Agreement, no Person (including an Assignee of rights with respect to Membership Interests or a transferee of Membership Interests, whether voluntary, by operation of Law or otherwise) shall be, or shall be considered, a Member. The Company may elect to deal only with Persons admitted to the Company as Members as provided in this Agreement (including their duly authorized representatives). Any distribution by the Company to the Person shown on the Company’s records as a Member or Assignee, or to its legal representatives, shall relieve the Company of all liability to any other Person who may have an interest in such distribution by reason of any Transfer by the Member or for any other reason.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)

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No Other Persons Deemed Members. Unless admitted to the Company as a Member as provided in this Agreement, no Person (including an any Assignee or other assignee of rights with respect to Membership Interests Units or a transferee Transferee of Membership InterestsUnits, whether voluntary, by operation of Law law or otherwise) shall be, or shall be considered, a Member. The Company may elect to deal only with Persons so admitted to the Company as Members as provided in this Agreement (including their duly authorized representatives). Any To the fullest extent permitted by Law, any distribution by the Company to the Person shown on the Company’s records as a Member or Assignee, or to its legal representatives, representatives shall relieve the Company of all liability to any other Person who may have an interest in such distribution by reason of any Transfer by the Member or for any other reason.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CAESARS ENTERTAINMENT Corp), Limited Liability Company Agreement (Caesars Acquisition Co)

No Other Persons Deemed Members. Unless admitted to the Company as a Member as provided in this Agreement, no Person (including an Assignee assignee of rights with respect to Membership Interests a Member Interest and associated Units or a transferee of Membership Interestsa Member Interest and associated Units, whether voluntary, by operation of Law or otherwise) shall be, or shall be considered, a Member. The Company may elect to deal only with Persons admitted to the Company as Members as provided in this Agreement (including their duly authorized representatives). Any distribution by the Company to the Person shown on the Company’s records Member Schedule as a Member or AssigneeMember, or to its legal representatives, shall relieve the Company of all liability Liability to any other Person who may have an interest in such distribution by reason of any Transfer by the Member or for any other reason.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Riviera Resources, LLC), Limited Liability Company Agreement (Linn Energy, Inc.), Limited Liability Company Agreement (Phillips 66 Partners Lp)

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No Other Persons Deemed Members. Unless admitted to the Company as a Member as provided in this Agreement, no Person (including an Assignee assignee of rights with respect to Membership Interests a Member Interest and associated Units or a transferee Transferee of Membership Interestsa Member Interest and associated Units, whether voluntary, by operation of Law or otherwise) shall be, or shall be considered, a Member. The Company may elect to deal only with Persons admitted to the Company as Members as provided in this Agreement (including their duly authorized representatives). Any distribution by the Company to the Person shown on the Company’s records Member Schedule as a Member or AssigneeMember, or to its legal representatives, shall relieve the Company of all liability Liability to any other Person who may have an interest in such distribution by reason of any Transfer by the Member or for any other reason.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (PBF Holding Co LLC), Subscription Agreement (PBF Holding Co LLC)

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