Bankruptcy or Insolvency of Member. Notwithstanding any other provision of this Agreement, the Bankruptcy of the Member or a Special Member shall not cause the Member or a Special Member, respectively, 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 46 contracts
Samples: Limited Liability Company Agreement (Honda Auto Receivables 2012-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2015-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-3 Owner Trust)
Bankruptcy or Insolvency of Member. Notwithstanding any other provision of this Agreement, the Bankruptcy or insolvency of the Member or a Special Member shall not cause the Member or a Special Member, respectively, 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 17 contracts
Samples: Limited Liability Company Agreement (Nissan-Infiniti Lt LLC), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt)
Bankruptcy or Insolvency of Member. Notwithstanding any other provision of this Agreement, the Bankruptcy bankruptcy (as defined, for purposes of Sections 13.04 and 13.05, in Sections 18-101(1) and 18-304 of the Member Act) or a Special insolvency of the Member shall not cause the Member or a Special Member, respectively, 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 1 contract
Samples: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC)
