Common use of Issuance and Payment Clause in Contracts

Issuance and Payment. Subject to the provisions of the Act and this Agreement, including, without limitation, Section 3.10, Membership Interests may be issued for such consideration and to such persons as the Company may determine from time to time.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (El Paso Energy Partners Lp), Limited Liability Company Agreement (El Paso Energy Partners Lp)

Issuance and Payment. Subject to the provisions of the Act and this Agreement, including, without limitation, Section 3.103.8, Membership Interests may be issued for such consideration and to such persons as the Company may determine from time to time.

Appears in 1 contract

Sources: Limited Liability Company Agreement (El Paso Energy Partners Lp)