Common use of Partition of the Property Clause in Contracts

Partition of the Property. Each Member agrees that it shall have no right to partition the Property, or any portion thereof, and each Member agrees that it shall not make application to any court or authority having jurisdiction in the matter to commence or prosecute any action or proceeding for partition of the Property, or any portion thereof. Upon the breach of this Section by any Member, the other Members, in addition to all other rights and remedies in law and equity, shall be entitled to a decree or order dismissing application, action or proceeding.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (MPLX Lp), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)

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Partition of the Property. Each Member agrees that it shall will have no right to partition the Property, or any portion thereof, and each Member agrees that it shall will not make application to any court or authority having jurisdiction in the matter to commence or prosecute any action or proceeding for partition of the Property, or any portion thereof. Upon the breach of this Section by any Member, the other Members, in addition to all other rights and remedies in law and equity, shall will be entitled to a decree or order dismissing application, action or proceeding.

Appears in 2 contracts

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

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Partition of the Property. Each Member agrees that it shall have no right to partition the Property, or any portion thereof, and each Member agrees that it shall not make application to any court or authority having jurisdiction in the matter to commence or prosecute any action or proceeding for partition of the Property, or any portion thereof. Upon the breach of this Section 16.3 by any Member, the other MembersMember, in addition to all other rights and remedies in law and equity, shall be entitled to a decree or order dismissing restraining and enjoining such application, action or proceeding.

Appears in 1 contract

Samples: Operating Agreement (Trestle Transport, Inc.)

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