Common use of Withdrawal of Assignor Clause in Contracts

Withdrawal of Assignor. As of the Effective Date, Assignor shall be deemed to have withdrawn as a member of the Company. For purposes of the limited liability company or operating agreement of the Company, the withdrawal of Assignor and the admission of Assignee shall be deemed to have occurred simultaneously.

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Withdrawal of Assignor. As of the Effective Date, Assignor shall be deemed to have withdrawn as a member of the CompanyCompanies. For purposes of the limited liability company or operating agreement agreements of the CompanyCompanies, the withdrawal of Assignor and the admission of Assignee shall be deemed to have occurred simultaneously. 5.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Withdrawal of Assignor. As of the Effective Datedate hereof, Assignor shall be deemed to have withdrawn as a member of the each Limited Liability Company. For purposes of the limited liability company or operating agreement of the each respective Limited Liability Company, the withdrawal of Assignor and the admission of Assignee shall be deemed to have occurred simultaneously.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Baltimore Gas & Electric Co)

Withdrawal of Assignor. As of the Effective Date, Assignor shall be deemed to have withdrawn as a member of the Company. For purposes of the limited liability company or operating agreement of the Company, the withdrawal of Assignor and the admission of Assignee shall be deemed to have occurred simultaneously.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NRG Yield, Inc.)

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Withdrawal of Assignor. As of the Effective Date, Assignor shall be deemed to have withdrawn as a member of the CompanyCompanies. For purposes of the limited liability company or operating agreement agreements of the CompanyCompanies, the withdrawal of Assignor and the admission of Assignee shall be deemed to have occurred simultaneously.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NRG Yield, Inc.)

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