Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member shall not cause the Member to cease to be a member of the LLC, and upon the occurrence of such an event, the LLC shall continue without dissolution.
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Samples: Limited Liability Company Agreement (Tarantula Ventures LLC), Limited Liability Company Agreement (Tarantula Ventures LLC), Limited Liability Company Agreement (Tarantula Ventures LLC)
Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member or a Special Member shall not cause the Member or such Special Member to cease to be a member of the LLC, and upon the occurrence of such an event, the LLC shall continue without dissolution.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Tarantula Ventures LLC), Limited Liability Company Agreement (Tarantula Ventures LLC), Limited Liability Company Agreement (Tarantula Ventures LLC)
Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member or any member of the Company shall not cause the Member or any such other member to cease to be a member of the LLCCompany, and upon the occurrence of such an event, the LLC Company shall continue without dissolution.
Appears in 2 contracts
Samples: LLC Operating Agreement (Tarantula Ventures LLC), LLC Operating Agreement (Tarantula Ventures LLC)
Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member or any member of the Company shall not cause the Member or any such other member to cease to be a member of the LLCCompany, and upon the occurrence of such an event, the LLC Company shall continue without dissolution.. Limited Liability Company Agreement Xeres Ventures LLC
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rhino Equity LLC)
Bankruptcy of Member. Notwithstanding any other provision of in this Agreement, the bankruptcy (as defined in the Act) of a Bankruptcy Action by or with respect to the Member shall not cause the such Member to cease to be a member of the LLC, Company and upon the occurrence of such an event, the LLC Company shall continue without dissolution.
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