Common use of Partition Clause in Contracts

Partition. The Members agree that the Property is not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member may have to maintain any action for partition of any of the Property. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.

Appears in 28 contracts

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Gp Holdings Lp), Limited Liability Company Agreement (Antero Midstream GP LP)

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Partition. The Members agree that the Property property of the Company is not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member may have to maintain any action for partition of any of the Propertyproperty of the Company. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Tallgrass Energy GP, LP), Limited Liability Company Agreement (Kelso GP VIII, LLC), Limited Liability Company Agreement (Tallgrass Energy GP, LP)

Partition. The Members agree that the Property is not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such EXECUTION COPY Member may have to maintain any action for partition of any of the Property. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Plains Resources Inc)

Partition. The Members agree that the Property is Company's assets are not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member may have to maintain any action for partition of any of the PropertyCompany's assets. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.. 29

Appears in 1 contract

Samples: Operating Agreement (Texas Roadhouse, Inc.)

Partition. The Members agree that the Property is not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member he/she/it may have to maintain any action for partition of any of the Property. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.

Appears in 1 contract

Samples: Operating Agreement

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Partition. The Members agree that the Property is Company’s assets are not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member may have to maintain any action for partition of any of the PropertyCompany’s assets. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.

Appears in 1 contract

Samples: Operating Agreement (Cinergy Corp)

Partition. The Members agree that the Property is Company's assets are not and will not be suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member may have to maintain any action for partition of any of the PropertyCompany's assets. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.. 27

Appears in 1 contract

Samples: Operating Agreement (NTS Realty Holdings Lp)

Partition. The Members agree that the Property is not and will not be --------- suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all right such Member may have to maintain any action for partition of any of the Property. No Member shall have any right to any specific assets of the Company upon the liquidation of, or any distribution from, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)

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