Common use of Waiver of Rights of Partition and Dissolution Clause in Contracts

Waiver of Rights of Partition and Dissolution. Each Member (other than the Initial Member) hereby irrevocably waives all rights it may have at any time to maintain any action for division or sale of the Company Property as now or hereafter permitted under any applicable Law. Each Member (other than the Initial Member) hereby waives and renounces its rights to seek a court decree of dissolution or to seek the appointment of a court receiver for the Company as now or hereafter permitted under any applicable Law.

Appears in 13 contracts

Sources: Private Owner Interest Sale and Assignment Agreement, Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement

Waiver of Rights of Partition and Dissolution. Each Member (other than the Initial Member) hereby irrevocably waives all rights it may have at any time to maintain any action for division or sale of the Company Property as now or hereafter permitted under any applicable Lawstatutes or other laws. Each Member (other than the Initial Member) hereby waives and renounces its rights to seek a court decree of dissolution or to seek the appointment of a court receiver for the Company as now or hereafter permitted under any applicable Lawstatutes or other laws.

Appears in 5 contracts

Sources: Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement

Waiver of Rights of Partition and Dissolution. Each The Member (other than the Initial Member) hereby irrevocably waives all rights it may have at any time to maintain any action for division or sale of the Company Property as now or hereafter permitted under any applicable Lawstatutes or other laws. Each The Member (other than the Initial Member) hereby waives and renounces its rights to seek a court decree of dissolution or to seek the appointment of a court receiver for the Company as now or hereafter permitted under any applicable Lawstatutes or other laws.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Waiver of Rights of Partition and Dissolution. Each Member (other than the Initial Member) hereby irrevocably waives all rights it may have at any time to maintain any action for division or sale of the Company Property as now or hereafter permitted under any applicable Law. Each Member (other than the Initial Member) hereby waives and renounces its rights to seek a court decree of dissolution or to seek the appointment of a court receiver for the Company as now or hereafter permitted under any applicable Law.Law.‌

Appears in 1 contract

Sources: Private Owner Interest Sale and Assignment Agreement

Waiver of Rights of Partition and Dissolution. Each Member (other than the Initial Member) hereby irrevocably waives all rights it may have at any time to maintain any action for division or sale of the Company Property as now or hereafter permitted under any applicable Law. Each Member (other than the Initial Member) hereby waives and renounces its rights to seek a court decree of dissolution or to seek the appointment of a court receiver for the Company as now or hereafter permitted under any applicable Law.Law.‌‌‌

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement