Common use of Termination of Class A Units Clause in Contracts

Termination of Class A Units. Upon the Transfer by a Management Member of all, but not less than all, of his Class B Units, the Class A Units held by such Management Member shall be automatically canceled. ARTICLE 13

Appears in 1 contract

Sources: Limited Liability Company Agreement (Hiland Partners, LP)

Termination of Class A Units. Upon the Transfer by a Management Member of all, but not less than all, of his Class B Units, the Class A Units held by such Management Member shall be automatically canceled. ARTICLE 13.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Hiland Partners, LP)