Common use of No Taxable Termination Clause in Contracts

No Taxable Termination. The Transfer, alone or in combination with other Transfers, will not result in the Company’s termination for federal income tax purposes, unless such Transfer has been consented to by Members holding a Supermajority of the issued and outstanding Common Units of the Company;

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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No Taxable Termination. The Transfer, alone or in combination with other Transfers, will not result in the Company’s 's termination for federal income tax purposes, unless such Transfer has been consented to by Members holding a Supermajority of the issued and outstanding Common Units of the Company;

Appears in 1 contract

Samples: Operating Agreement

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