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

AutoNDA by SimpleDocs

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 1 contract

Samples: Limited Liability Company Operating Agreement

AutoNDA by SimpleDocs

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!