Common use of Membership Interests in Sub Clause in Contracts

Membership Interests in Sub. Each membership interest in Sub --------------------------- issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into a similar membership interest in the Surviving Entity.

Membership Interests in Sub. Each membership interest in Sub --------------------------- issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into a similar membership interest in the Surviving Entity.