Common use of Bankruptcy of a Member Clause in Contracts

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall cause such Member to cease to be a Member, but notwithstanding the occurrence of such event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (PF2 SpinCo, Inc.), Limited Liability Company Agreement (Change Healthcare Inc.), Merger Agreement (Change Healthcare Inc.)

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Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall not cause such Member to cease to be a Member, but notwithstanding and upon the occurrence of such event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall will not in and of itself cause the dissolution of the Company, and notwithstanding upon the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Comcast Corp), Limited Liability Company Agreement (Comcast Corp)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall not cause such the Member to cease to be a Member, but notwithstanding member of the Company. Upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution Notwithstanding any other provision of this Agreement, each Member waives any right that it might have under the Act to agree in writing to dissolve the Company upon the bankruptcy of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding or the occurrence of any such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members event that causes a Member to cease to be a member of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Pepco Holdings LLC)

Bankruptcy of a Member. The bankruptcy (including within Notwithstanding any other provision of this Agreement, the meaning occurrence or continuation of Sections 18-101 and 18-304 of the Act) a Bankruptcy of a Member shall not cause such Member to cease to be a Membermember of the Company, but notwithstanding and upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC), Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall cause such Member to cease to be a Member, but notwithstanding the occurrence of such event, the Company shall continue without dissolution. The receivership Bankruptcy or dissolution of a Member shall not in and of itself cause the dissolution such Member to cease to be a member of the Company, and notwithstanding upon the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Bankruptcy of a Member. The (a) Notwithstanding any other provisions of this Agreement, the bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall not cause such Member to cease to be a Member, but notwithstanding Member of the Company and upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution Notwithstanding any other provision of a this Agreement, each Member shall not in and of itself cause the dissolution waives any right it might have under Section 18‑801(a) of the CompanyAct to agree in writing to dissolve the Company upon the bankruptcy of such Member, and notwithstanding or the occurrence of an event that causes such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members Member to cease to be a member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Trust Agreement

Bankruptcy of a Member. The bankruptcy “bankruptcy” (including within the meaning of as defined in Sections 18-101 101(1) and 18-304 of the Act) of a Member shall not cause such Member to cease to be a Member, but notwithstanding member of the Company and upon the occurrence of such an event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TELUS International (Cda) Inc.), Limited Liability Company Agreement (TELUS International (Cda) Inc.)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of as defined in the Act) of a Member shall not cause such the Member to cease to be a MemberMember of the Company, but notwithstanding the occurrence of and upon such an event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Charter Communications Inc /Mo/), Limited Liability Company Agreement (Charter Communications Inc /Mo/)

Bankruptcy of a Member. The bankruptcy (including within Notwithstanding any other provision of this Agreement, the meaning occurrence or continuation of Sections 18-101 and 18-304 of the Act) a Bankruptcy of a Member or the Independent Member shall not cause such Member to cease to be a member of the Company or the Independent Member to cease to be the Independent Member, but notwithstanding and upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-18- 101 and 18-304 of the Act) of a Member shall not cause such Member to cease to be a Member, but notwithstanding and upon the occurrence of such event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall will not in and of itself cause the dissolution of the Company, and notwithstanding upon the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Companydissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Japan Bank for International Cooperation)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections as defined in sections 18-101 101(1) and 18-304 of the Act) of a Member shall not cause such Member to cease to be a Membermember of the Company, but notwithstanding and upon the occurrence of such event, an event the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (J.C. Flowers II L.P.)

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Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections as defined in section 18-101 and 18-304 101(1) of the Act) of a Member shall not cause such Member to cease to be a Membermember of the Company, but notwithstanding and upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cablevision Systems Corp /Ny)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall cause such Member to cease to be a Member, but notwithstanding the occurrence of such event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution such Member to cease to be a Member of the Company, and notwithstanding upon the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Prudential Financial Inc)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall cause such Member to cease to be a Member, but notwithstanding the occurrence of such event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the CompanyMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (At&t Inc.)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall or other Terminating Event will not cause such the Member to cease to be a Membermember of the Company and, but notwithstanding upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sunrise Assisted Living Inc)

Bankruptcy of a Member. The bankruptcy (including within Subject to the meaning provisions of Sections 18-101 and 18-304 of Section 11.1 below, the Act) Bankruptcy of a Member shall or other Terminating Event will not cause such the Member to cease to be a Membermember of the Company and, but notwithstanding upon the occurrence of such an event, the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Comstock Holding Companies, Inc.)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a any Member shall will not cause such Member it to cease to be a Member, but notwithstanding Member of the Company. Upon the occurrence of such event, the business of the Company shall continue without dissolution. The receivership or dissolution of a Member shall not in and of itself cause the dissolution of the Company, and notwithstanding the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Warner Bros. Discovery, Inc.)

Bankruptcy of a Member. The bankruptcy (including within the meaning of Sections 18-101 and 18-304 of the Act) of a Member shall not cause such Member to cease to be a Member, but notwithstanding and upon the occurrence of such event, the Company shall continue without dissolution. The receivership or dissolution of a Member shall will not in and of itself cause the dissolution of the Company, and notwithstanding upon the occurrence of such event, the Company shall continue without dissolution under the management and control of the remaining Members, unless there are no remaining Members of the Companydissolution.

Appears in 1 contract

Samples: Contribution Agreement (Baker Hughes Inc)

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