Release of Transferor’s Liability. No Transfer (other than pursuant to a statutory merger or consolidation wherein all obligations and liabilities of the Transferor are assumed by a successor entity by operation of law) shall relieve the Transferor of any of its continuing obligations under this Agreement without the approval of the Board.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Stonemor Partners Lp), Limited Liability Company Agreement (Hiland Partners, LP)
Release of Transferor’s Liability. No Transfer (other than pursuant to a statutory merger or consolidation wherein all obligations and liabilities of the Transferor are assumed by a successor entity by operation of law) shall relieve the Transferor of any of its continuing obligations under this Agreement without the approval of the BoardMembers representing a Majority Interest.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Hiland Holdings GP, LP), Limited Liability Company Agreement (Hiland Holdings GP, LP)
Release of Transferor’s Liability. No Transfer (other than pursuant to a statutory merger or consolidation wherein all obligations and liabilities of the Transferor are assumed by a successor entity corporation by operation of law) shall relieve the Transferor of any of its continuing obligations under this Agreement without the approval of the BoardBoard in its Discretion.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
