Waiver of Right of Partition. Each party waives the benefit of all provisions of law as now in effect or as enacted in future relating to actions of partition of real and personal property and agrees that for so long as this Agreement is in effect it will not resort to any action in law or in equity to partition the Property or any other real or personal property subject to this Agreement.
Waiver of Right of Partition. It is specifically agreed that no Member or Economic Interest Owner shall have the right to ask for partition of the assets owned or hereafter acquired by the Company, nor shall any such Member or Economic Interest Owner have the right to any specific assets of the Company on the liquidation or winding up of the Company, except upon the affirmative vote or consent of all Members.
Waiver of Right of Partition. Each of the Members does hereby agree ---------------------------- to and does hereby waive any right such Member may otherwise have to cause any of the Company's assets to be partitioned among the Members or to file any complaint or to institute any proceeding at law or in equity seeking to have any such assets partitioned.
Waiver of Right of Partition. Each of the Partners does hereby agree to and does hereby waive any right it may have to cause the Partnership’s property to be partitioned or divided among the Partners, or to file a complaint or institute any proceeding at law or in equity to cause the Partnership’s property to be partitioned or otherwise divided among the Partners.
Waiver of Right of Partition. Each of the Members irrevocably waives, during the term of the Company and during any period of its liquidation following any dissolution, any right that it may have to maintain any action for partition with respect to any of the assets of the Company.
Waiver of Right of Partition. To the maximum extent permitted by law, each Partner waives any right to partition the Property.
Waiver of Right of Partition. Each Partner hereby waives its right of partition.
Waiver of Right of Partition. Each of the Members does hereby agree to and does hereby waive any right such Member may otherwise have to cause any of the Company's assets to be partitioned among the Members or to file any complaint or to institute any proceeding at law or in equity seeking to have any such assets partitioned.
Waiver of Right of Partition. To the fullest extent permitted by law, each of the General Partner and the Limited Partner hereby irrevocably waives any right or power that such person might have to cause the Partnership or any of its assets to be partitioned.
Waiver of Right of Partition. The Parties recognize that when Xxxxxxx County Unit 1 shall have been placed in service, it will be an integral part of the facilities required to provide adequate service in their respective service territories and the service territories of other co-owners of Xxxxxxx County Unit 1, if any, and that the physical partition of Xxxxxxx County Unit 1 or any material part thereof would be impossible and impractical and wholly inconsistent with the purposes for which this Agreement is made. Each of the Parties agrees that it will not take any action, by judicial proceedings or otherwise, to partition Xxxxxxx County Unit 1, or that portion of the Xxxxxxx County Site conveyed by Louisville to IMEA pursuant to Article 2.2 hereof, or any part thereof, in any way, whether by partition in kind or by sale and division of the proceeds thereof. Each of the Parties further waives the right of partition and the benefit of all statutory or common law that may now or hereafter authorize such partition of Xxxxxxx County Unit 1 or any part thereof, or that portion of the Trimble County Site conveyed by Louisville to IMEA pursuant to Article 2.2 hereof. in the event any such right of partition shall hereafter accrue, each Party shall from time to time upon the written request of the other Party execute and deliver such further instruments as may be necessary to confirm the foregoing waiver and release of its right to partition. The foregoing provisions of this Article 14.1 shall be binding upon and inure to the benefit of the Parties, their respective successors and assigns, including mortgagees, receivers, trustees, or other representatives and their respective successors and assigns, and shall run with the land. Louisville agrees to insert a similar covenant in any contract with another party which acquires an ownership interest in Xxxxxxx County Unit 1, which covenant will be enforceable by IMEA.
