Bankrupt Member. A Member shall not cease to be a Member as a result of such Member becoming a Bankrupt Member and, upon the occurrence of such event, the Company shall continue without dissolution.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni Auto Receivables LLC)
Bankrupt Member. A Member shall not cease to be a Member or terminate the Member's Membership Interest in the Company as a result of such Member becoming a Bankrupt Member and, upon the occurrence of such event, the Company shall continue without dissolution. In the event of a Bankruptcy of the Member, the Member hereby agrees to waive any right to reject this Agreement under the federal bankruptcy laws.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wodfi LLC), Limited Liability Company Agreement (Wodfi LLC)
