No Right of Partition. No Member, other than the Manager, shall have the right to seek or obtain partition by court decree or operation of Law of any Company property, or the right to own or use particular or individual assets of the Company.
No Right of Partition. No Unitholder shall have the right to seek or obtain partition by court decree or operation of law of any LLC property, or the right to own or use particular or individual assets of the LLC.
No Right of Partition. No Limited Partner shall have the right to seek or obtain partition by court decree or operation of law of any Partnership property, or the right to own or use particular or individual assets of the Partnership.
No Right of Partition. All property of the Company, whether tangible or intangible, shall be deemed to be owned by the Company as an entity. No Member shall have any interest in specific Company property solely by reason of being a Member. Except as specifically contemplated by this Agreement, any other Transaction Document or any other written agreement between the Company and any Member, no Member shall (a) have the right to seek or obtain partition by court decree or operation of Law of any property of the Company or any of its Subsidiaries, (b) have the right to own or use particular or individual assets of the Company or any of its Subsidiaries, or (c) be entitled to distributions of specific assets of the Company or any of its Subsidiaries.
No Right of Partition. The Members hereby agree that the Company's properties are not, and will not be, suitable for partition. Accordingly, each of the Members hereby irrevocably waives any and all rights which such Member may have to maintain an action for partition of any of the Company's properties.
No Right of Partition. The Partners and Assignees shall have no right to receive Partnership Property in kind, nor shall such Partners or Assignees have the right to partition the Partnership Property, whether or not upon the dissolution and termination of the Partnership.
No Right of Partition. The Partners hereby agree that the Partnership's properties are not, and will not be, suitable for partition. Accordingly, each of the Partners hereby irrevocably waives any and all rights which such Partner may have to maintain an action for partition of any of the Partnership's properties.
No Right of Partition. Each Unit Holder expressly waives any right such Unit Holder might have to cause a partition or other distribution of property to it except as otherwise expressly set forth in this Agreement.
No Right of Partition. The Partners and Assignees and their estates or representative upon death or the receiver upon bankruptcy or dissolution shall have no rights to receive Partnership Property in kind, nor shall such Partners or Assignees have the right to partition, sale, or appraisal of the Partnership's Network, whether or not upon dissolution and termination of the Partnership, notwithstanding any provision of law to the contrary. Notwithstanding the foregoing, if any Partner shall be indebted to the Partnership, then until payment of such amount by him, the liquidator shall retain such Partner's distributive share of Partnership Properties or assets and apply the income therefrom to the liquidation of such indebtedness and the cost of operation of such Properties or assets during the period of such liquidation; however, if at the expiration of six (6) months after the statement for which provision is made herein has been given to such Partner, such amount has not been paid or otherwise liquidated, the liquidator may sell the interest of such Partner at public or private sale at the best price immediately obtainable which shall be determined in the sole judgment of the liquidator. So much of the proceeds of such sale as shall be necessary shall be applied to the liquidation of the amount then due under this Article, and the balance of such proceeds, if any, shall be delivered to such Partner.
No Right of Partition. Each Member waives any right he may have to cause Company property to be partitioned or otherwise divided among the Members, or to file a complaint or institute any proceeding at law or equity to cause Company property to be partitioned or otherwise divided among the Members.
