Cessation of Membership. A Person shall cease to be a Member only upon the assignment of such Person's entire Interest and as otherwise expressly provided in this Agreement or the Company's Articles of Organization.
Appears in 3 contracts
Sources: Limited Liability Company Operating Agreement (Duke Energy Florida, Llc.), Operating Agreement (Duke Energy Progress, Llc.), Operating Agreement (Duke Energy Progress, Llc.)
Cessation of Membership. A Person shall cease to be a Member only upon the assignment of such Person's ’s entire Interest and as otherwise expressly provided in this Agreement or the Company's ’s Articles of Organization.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Duke Energy Indiana, LLC), Operating Agreement (Duke Power CO LLC)