No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted Transfer of all of such Member’s Interests in accordance with Article 7 and each of the transferees of such Interests being admitted as a Substitute Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Rice Energy Inc.), Limited Liability Company Agreement (MPLX Lp), Limited Liability Company Agreement (Markwest Energy Partners L P)
No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member Resign voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted permitted Transfer of all of such Member’s Membership Interests in accordance with Article 7 6 and each of the transferees of such Membership Interests being admitted as a Substitute Member. A Member will cease to be a Member only in the manner described in Article 6 or upon forfeiture of all Units owned by such Member.
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.)
No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted Transfer of all of such Member’s 's Interests in accordance with Article 7 and each of the transferees of such Interests being admitted as a Substitute Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member Resign voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted Transfer permitted Disposition of all of such Member’s Membership Interests in accordance with Article 7 and and, if applicable, each of the transferees of such Membership Interests being admitted as a Substitute Substituted Member. A Member will cease to be a Member only in the manner described in Section 3.7 and Article 12.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Magnum Hunter Resources Corp), Limited Liability Company Agreement (Magnum Hunter Resources Corp)
No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member voluntarily, and a Member may not be expelled or otherwise be removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted permitted Transfer of all of such Member’s Interests Member Interest and associated Units in accordance with Article 7 8 and each of the transferees of such Interests Member Interest and associated Units being admitted as a Substitute Member. A Member shall cease to be a Member only in the manner described in Article 8.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Riviera Resources, LLC), Limited Liability Company Agreement (Linn Energy, Inc.)
No Resignation or Expulsion. A Prior to the dissolution and winding up of the Company, no Member may not take any action to resign, withdraw or retire as a Member voluntarily, and a no Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, in each case other than as may be required as a result of a Permitted Transfer of all of such Member’s Interests Units made in accordance with Article 7 X and each of the transferees of such Interests Units being admitted as a Substitute substitute Member.. A Member will cease to be a Member only in the manner described in Article X.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Grizzly Energy, LLC), Limited Liability Company Agreement (Grizzly Energy, LLC)
No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member Resign voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted Transfer permitted Disposition of all of such Member’s Membership Interests in accordance with Article 7 and each of the transferees of such Membership Interests being admitted as a Substitute Substituted Member. A Member will cease to be a Member only in the manner described in Section 3.6 and Article 11.
Appears in 1 contract
Samples: Limited Liability Company Agreement (USW Financing Corp.)
No Resignation or Expulsion. A Member may not take any action to resign, withdraw or retire as a Member voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than as a result of a Permitted Transfer of all of such Member’s Membership Interests in accordance with Article 7 9 and each of the transferees transferee of such Membership Interests being admitted as a Substitute Member.
Appears in 1 contract
