Common use of Bankruptcy of Member Clause in Contracts

Bankruptcy of Member. The bankruptcy or dissolution of any member will not cause such member to cease to be a member of the Company and upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc)

AutoNDA by SimpleDocs

Bankruptcy of Member. The bankruptcy or dissolution (as defined in Section 18-101(1) and 18-304 of any member will the Act) of the Member shall not cause such member the Member to cease to be a member of the Company Company, and upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Bankruptcy of Member. The bankruptcy of a Member or dissolution the occurrence of any member will of the events described in Section 18-304 with respect to a Member shall not cause such member the Member to cease to be a member of the Company and or a dissolution of the Company and, upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 1 contract

Samples: Operating Agreement (PayMeOn, Inc.)

AutoNDA by SimpleDocs

Bankruptcy of Member. The bankruptcy or dissolution (as defined in Section 18-101(1) of any member will the Act) of the Member shall not cause such member the Member to cease to be a member of the Company Company, and upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intertape Woven Products Services S.A. De C.V.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!