Termination of Units. A Member shall cease to be a Member or Unitholder, as the case may be, at such time that such Member transfers all of its Units in accordance with this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sheridan Group Inc), Limited Liability Company Agreement (Sheridan Group Inc)
Termination of Units. A Member shall cease to be a Member or Unitholder, as the case may be, be at such time that such Member transfers all of its Units in accordance with this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (K-Sea Tranportation Partners Lp), Limited Liability Company Agreement (K-Sea Transportation Partners Lp)
