Grant of Preemptive Rights. The Company hereby grants to each Member the right on the terms and conditions set forth in this Article 14 to purchase such Member's PRO RATA share of New Membership Interests that the Company may, after the date hereof, from time to time, propose to sell and issue for cash consideration.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)