Common use of Nature of Interests Clause in Contracts

Nature of Interests. The Shares shall for all purposes be personal property. No Member has any interest in specific Company property. Each Member hereby waives any and all rights such Person may have to initiate or maintain any suit or action for partition of the Company’s assets.

Appears in 2 contracts

Samples: License Agreement (Viamet Pharmaceuticals Holdings LLC), Limited Liability Company Agreement (Philadelphia Energy Solutions Inc.)

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Nature of Interests. The Shares Membership Interests shall for ‎for all purposes be personal ‎personal property. No Member has any interest in ‎in specific Company property‎property. Each Member hereby waives ‎waives any and all rights such Person may have to initiate ‎initiate or maintain ‎maintain any suit or action for partition of the ‎the Company’s assets.assets‎.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CQENS Technologies Inc.)

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Nature of Interests. The Shares shall for all purposes be personal property. No Member has any interest in specific Company property. Each Member hereby waives any and all rights such Person may have to initiate or maintain any suit or action for partition of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Consolidated Communications Texas Holdings, Inc.)

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