Withdrawal of Members. No Member shall have any right to withdraw from the Company; provided, however, that when a Transferee of a direct Transfer of Membership Interests becomes registered on the books and records of the Company as the Member with respect to the Membership Interest so transferred, the Transferring Member shall cease to be a Member with respect to the Membership Interest so Transferred.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Crestwood Equity Partners LP), Contribution Agreement (Consolidated Edison Inc), Contribution Agreement (Crestwood Midstream Partners LP)
Withdrawal of Members. No Member shall have any right to withdraw from the Company; provided, however, that when a Transferee of a direct Transfer of Membership Interests Interest becomes registered on the books and records of the Company as the Member with respect to the Membership Interest so transferred, the Transferring transferring Member shall cease to be a Member with respect to the Membership Interest so Transferred.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (NGL Energy Partners LP), Limited Liability Company Agreement (SemGroup Corp), Limited Liability Company Agreement (NGL Energy Partners LP)
Withdrawal of Members. No Member shall have any right to withdraw from the Company; provided, however, that when a Transferee of a direct Transfer of Membership Interests becomes registered on the books and records of the Company as the Member with respect to the Membership Interest so transferredTransferred, the Transferring Member shall cease to be a Member with respect to the Membership Interest so Transferred.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Sunpower Corp), Limited Liability Company Agreement (First Solar, Inc.)
Withdrawal of Members. No Member shall have any right to withdraw from the Company; provided, however, that when a Transferee transferee of a direct Transfer of Membership Interests Member’s Share becomes registered on the books and records a Record Holder of the Company as the Member with respect to the Membership Interest Share so transferred, the Transferring such transferring Member shall cease to be a Member with respect to the Membership Interest Share so Transferredtransferred.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC)
Withdrawal of Members. No Member shall have any right to withdraw or resign from the Company; provided, howeverunless such Member transfers its entire Membership Interest to one or more transferees, that when a Transferee all of a direct Transfer of Membership Interests becomes registered on the books and records of whom have been admitted as substituted Members in accordance with Section 11.2 in which case such Member shall be deemed to have automatically withdrawn from the Company and resigned as the Member with respect to the Membership Interest so transferred, the Transferring Member shall cease to be a Member with respect to the Membership Interest so TransferredMember.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MSW Energy Finance Co Inc)
Withdrawal of Members. No Member shall have any right to withdraw from the Company; provided, however, that when a Transferee transferee of a direct Transfer of Membership Interests Member’s Company Security becomes registered on the books and records a Record Holder of the Company as the Member with respect to the Membership Interest Security so transferred, the Transferring such transferring Member shall cease to be a Member with respect to the Membership Interest Company Security so Transferredtransferred.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Titan Energy, LLC)
Withdrawal of Members. No Member shall have any right to withdraw from the Company; provided, however, that when a Transferee transferee of a direct Transfer of Membership Interests Member’s Company Interest becomes registered on the books and records a Record Holder of the Company as the Member with respect to the Membership Interest so transferred, the Transferring such transferring Member shall cease to be a Member with respect to the Membership Company Interest so Transferredtransferred.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Atlas Energy Group, LLC)
