Common use of Effect of Forfeiture Clause in Contracts

Effect of Forfeiture. Any Override Unit, which is forfeited, shall be cancelled for no consideration.

Appears in 6 contracts

Sources: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)

Effect of Forfeiture. Any Override Unit, Unit which is forfeited, forfeited shall be cancelled for no consideration.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Carbuyco, LLC), Limited Liability Company Agreement (Del Pharmaceuticals, Inc.), Limited Liability Company Agreement (IAA Acquisition Corp.)

Effect of Forfeiture. Any Override Unit, which is forfeited, shall be cancelled for no consideration.. Table of Contents

Appears in 1 contract

Sources: Limited Liability Company Agreement (Auto Disposal of Memphis, Inc.)

Effect of Forfeiture. Any Override Unit, Value Unit which is forfeited, forfeited shall be cancelled for no consideration.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Providence Service Corp)