Common use of Defaulting Members Clause in Contracts

Defaulting Members. No Defaulting Member may transfer its Interest except (i) as expressly provided under Article 8, and (ii) with the consent of the Nondefaulting Members.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (DCP Midstream Partners, LP), Limited Liability Company Agreement (DCP Midstream Partners, LP)

Defaulting Members. No Defaulting Member may transfer any of its Interest except (i) as expressly provided under Article 8, and (ii) with the consent of the Nondefaulting Members.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.)

Defaulting Members. No Defaulting Member may transfer Transfer any of its Interest except (i) as expressly provided under Article 8, and (ii) with the consent of the Nondefaulting MembersNon-Defaulting Member and subject to Section 9.2(a).

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Atlas Pipeline Holdings, L.P.), Limited Liability Company Agreement (Atlas Pipeline Partners Lp)