Common use of Effect of Forfeiture Clause in Contracts

Effect of Forfeiture. Any Override Unit, which is forfeited, shall be cancelled for no consideration.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)

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Effect of Forfeiture. Any Override Unit, Unit which is forfeited, forfeited shall be cancelled for no consideration.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Del Pharmaceuticals, Inc.), Limited Liability Company Agreement (IAA Acquisition Corp.), Limited Liability Company Agreement (Adesa California, LLC)

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Effect of Forfeiture. Any Override Unit, Value Unit which is forfeited, forfeited shall be cancelled for no consideration.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Providence Service Corp)

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