Effect of Repurchase. Upon payment by the Company of the Purchase Price at the closing of a repurchase pursuant to this Section 8.4, the Terminating Member shall cease to have any rights with respect to the Membership Interests repurchased by the Company, and if all of its interests in the Company are repurchased, such Terminating Member shall cease to be a Member of the Company.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Ridgewood Electric Power Trust Iv), Limited Liability Company Agreement (Ridgewood Electric Power Trust Iii)