Common use of TERMINATION OF RIGHTS CONFERRED IN THIS Clause in Contracts

TERMINATION OF RIGHTS CONFERRED IN THIS. ARTICLE 15. The provisions of this Article 15 shall terminate upon the closing of the Company's sale of all or substantially all of its assets or the acquisition by the Company by another entity by means of a merger or consolidation resulting in the exchange of Membership Interests for securities or consideration issued, or caused to be issued, by the acquiring entity or its subsidiary.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)

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TERMINATION OF RIGHTS CONFERRED IN THIS. ARTICLE 15Article 13. The provisions of this Article 15 13 shall terminate upon the closing of the Company's sale of all or substantially all of its assets or the acquisition by of the Company by another entity by means of a merger or consolidation resulting in the exchange of Membership Interests for securities or consideration issued, or caused to be issued, by the acquiring entity or its subsidiary.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hiland Holdings GP, LP)

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TERMINATION OF RIGHTS CONFERRED IN THIS. ARTICLE 15Article 13. The provisions of this Article 15 13 shall terminate upon the closing of the Company's sale of all or substantially all of its assets or the acquisition by of the Company by another entity by means of a merger or consolidation resulting in the exchange of Membership Interests Units for securities or consideration issued, or caused to be issued, by the acquiring entity or its subsidiary.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hiland Partners, LP)

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