Common use of Sole Member Clause in Contracts

Sole Member. The Company shall at all times be and remain a single member limited liability company, and it shall not have more than one Member at any time; nor shall the Member be entitled to divide or subdivide the Membership Interest in any manner whatsoever.

Appears in 11 contracts

Sources: Limited Liability Company Agreement (Interstate Equipment Leasing, LLC), Limited Liability Company Agreement (Interstate Equipment Leasing, LLC), Limited Liability Company Agreement (Interstate Equipment Leasing, LLC)

Sole Member. The Company shall at all times be and remain a single member limited liability company, and it shall not have more than one Member at any time; nor shall the Member be entitled to divide or subdivide the Membership Company Interest in any manner whatsoever.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (First Wind Holdings Inc.), Limited Liability Company Agreement (First Wind Holdings Inc.)

Sole Member. The Company shall at all times be and remain a single member limited liability company, and it shall not have more than one Member at any time; nor shall the Member be entitled to divide or subdivide the Membership Interest Company interest in any manner whatsoever.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (First Wind Holdings Inc.), Limited Liability Company Agreement (First Wind Holdings Inc.)

Sole Member. The Company shall at all times be and remain a single member limited liability company, and it shall not have more than the one Member at any time; nor shall the Member be entitled to divide or subdivide the Membership Interest in any manner whatsoever.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Interstate Equipment Leasing, LLC)