Common use of Change of Member Control Clause in Contracts

Change of Member Control. with respect to any Member, an event (such as a Disposition of voting securities or other equity interests) that causes such Member to cease to be Controlled by such Member’s then Parent; provided, however, that the term “Change of Member Control” shall not include any of the following events:

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Duke Energy Corp)