Common use of Partition Clause in Contracts

Partition. Each member agrees that the assets of the Company are not and will not be suitable for partition. Accordingly, each member hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

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Partition. Each member Member agrees that the assets of the Company are not and will not be suitable for partition. Accordingly, each member Member hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Partition. Each member agrees The Members agree that the assets of the Company are not and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

Partition. Each member The Sole Member agrees that the assets of the Company are not and will not be suitable for partition. Accordingly, each member the Sole Member hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC), Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC), Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC)

Partition. Each member agrees The Members agree that the assets of the Company are not and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he or she may have, currently or may obtainin the future, to maintain any action for partition of any of the assets of the Company.

Appears in 3 contracts

Samples: Operating Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Pico Holdings Inc /New)

Partition. Each member agrees The Members hereby acknowledge and agree that the assets of the Company are not and will not be suitable for partition. Accordingly; and, accordingly, each member Member hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he which it may otherwise have, under the Act or may obtainany other applicable law, to maintain any action for partition of any of the assets of the Companysuch assets.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Limited Liability Company Agreement (BNN Corp)

Partition. Each member agrees The Members agree that the assets of the Company are not and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (T Reit Inc), Operating Agreement (NNN 2003 Value Fund LLC)

Partition. Each member agrees The Sole Member and any other Member agree that the assets of the Company are not and will not be suitable for partition. Accordingly, each member the Sole Member and any other Member hereby irrevocably waives waive (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 2 contracts

Samples: Merger Agreement (JMP Group LLC), Merger Agreement (JMP Group LLC)

Partition. Each member agrees The Members agree that the assets of Property and any Company Property that the Company are may own or have an interest in is not and will not be suitable for partition. Accordingly, each member hereby irrevocably waives (to To the fullest extent permitted by law) , each of the Members hereby irrevocably waives any and all rights that he it may have, or may obtain, have to maintain any action for partition of any of Company Property in which the assets of the CompanyCompany may at any time have a direct or indirect interest.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (VictoryBase Corp), Limited Liability Company Agreement (VictoryBase Corp)

Partition. Each member agrees The Members agree that the assets of the Company Assets are not and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, have to maintain any action for partition of any of the assets of the CompanyCompany Assets.

Appears in 2 contracts

Samples: Master Contribution and Sale Agreement (Forest City Enterprises Inc), Master Contribution and Sale Agreement (Forest City Enterprises Inc)

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Partition. Each member agrees The Members agree that the assets of the Company are not and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he they may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Performance Capital Management LLC), Operating Agreement (Performance Capital Management LLC)

Partition. Each member agrees The Members agree that the assets of the Company are not and will not be suitable for partition. Accordingly, each member the Members hereby irrevocably waives waive (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, to maintain any action for partition of any of the ofthe assets of the ofthe Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC)

Partition. Each member agrees The Members agree that the Company assets of the Company are not and will not be suitable for partition. Accordingly, and each member Member hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, have to maintain any action for partition of any of the assets of the CompanyCompany assets.

Appears in 1 contract

Samples: Operating Agreement (Ministry Partners Investment Corp)

Partition. Each member The Member-Manager agrees that the assets of the Company are not and will not be suitable for partition. Accordingly, each member the Member-Manager hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he it may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 1 contract

Samples: Operating Agreement (Tesoro High Plains Pipeline Co LLC)

Partition. Each member agrees The Members agree that the assets of the Company are ---------- not and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he they may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 1 contract

Samples: Operating Agreement (Performance Capital Management LLC)

Partition. Each member agrees The Members agree that the assets of the Company are not --------- and will not be suitable for partition. Accordingly, each member of the Members hereby irrevocably waives (to the fullest extent permitted by law) any and all rights that he may have, or may obtain, to maintain any action for partition of any of the assets of the Company.

Appears in 1 contract

Samples: Operating Agreement (T Reit Inc)

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