Common use of Purchase or Sale of Membership Interests Clause in Contracts

Purchase or Sale of Membership Interests. The Managing Member may cause the Company to purchase or otherwise acquire Membership Interests or Derivative Membership Interests; provided that, the Managing Member may not cause any Group Member to purchase Subordinated Units during the Subordination Period. As long as Membership Interests are held by any Group Member, such Membership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The Managing Member or any Affiliate of the Managing Member may also purchase or otherwise acquire and sell or otherwise dispose of Membership Interests for its own account, subject to the provisions of Article IV and Article X.

Purchase or Sale of Membership Interests. The Managing Member may cause the Company to purchase or otherwise acquire Membership Interests or Derivative Membership Interests; provided that, the Managing Member may not cause any Group Member to purchase Subordinated Units during the Subordination Period. As long as Membership Interests are held by any Group Member, such Membership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The Managing Member or any Affiliate of the Managing Member may also purchase or otherwise acquire and sell or otherwise dispose of Membership Interests for its own account, subject to the provisions of Article ‎Article IV and Article ‎Article X.

Purchase or Sale of Membership Interests. The Managing Member Manager may cause the Company to purchase or otherwise acquire Membership Interests or Derivative Membership Interests; provided that, except as permitted pursuant to Section 4.9 or with approval of the Managing Member Conflicts Committee, the Manager may not cause any Group Member to purchase Subordinated Units during the Subordination PeriodIncentive Distribution Rights. As long as Membership Interests are held by any Group Member, such Membership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The Managing Member Manager or any Affiliate of the Managing Member Manager may also purchase or otherwise acquire and sell or otherwise dispose of Membership Interests for its own account, subject to the provisions of Article Articles IV and Article X.

Purchase or Sale of Membership Interests. The Managing Member Manager may cause the Company to purchase or otherwise acquire Membership Interests or Derivative Membership Interests; provided that, except as permitted pursuant to Section 4.9, the Managing Member Manager may not cause any Group Member to purchase Subordinated Units during the Subordination Period. As long as Membership Interests are held by any Group Member, such Membership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The Managing Member Manager or any Affiliate of the Managing Member Manager may also purchase or otherwise acquire and sell or otherwise dispose of Membership Interests for its own account, subject to the provisions of Article Articles IV and Article X.