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Common use of BUYOUT EVENTS Clause in Contracts

BUYOUT EVENTS. This Article 9 shall apply to any of the following events (each a "Buyout Event"): (a) a Member shall dissolve or become Bankrupt; or (b) a Member shall commit a Default. In each case, the Member with respect to whom a Buyout Event has occurred is referred to herein as the "Affected Member."

Appears in 25 contracts

Samples: Limited Liability Company Agreement (Somerset Power LLC), Limited Liability Company Agreement (Louisiana Generating LLC), Limited Liability Company Agreement (Somerset Power LLC)

BUYOUT EVENTS. This Article 9 shall apply to any of the following events (each a "Buyout Event"): (a) a Member shall dissolve or become Bankrupt; or (b) a Member shall commit a Default. In each case, the Member with respect to whom a Buyout Event has occurred is referred to herein as the "Affected Member."

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Onsite Energy, Inc.), Limited Liability Company Agreement (NRG Retail LLC), Limited Liability Company Agreement (NRG Retail LLC)

BUYOUT EVENTS. This Article 9 shall apply to any of the following events (each a "Buyout Event"): (a) a Member shall dissolve or become Bankrupt; or (b) a Member shall commit a Default. In each case, the Member with respect to whom a Buyout Event has occurred is referred to herein as the "Affected Member.". “

Appears in 1 contract

Samples: Limited Liability Company Agreement (NRG Retail LLC)

BUYOUT EVENTS. This Article 9 shall apply to any of the following events (each a "Buyout Event"): (a) a Member shall dissolve or become Bankrupt; or (b) a Member shall commit a Default. In each case, the Member with respect to whom a Buyout Event has occurred is referred to herein as the "Affected Member."

Appears in 1 contract

Samples: Limited Liability Company Agreement (Louisiana Generating LLC)

BUYOUT EVENTS. This Article 9 10 shall apply to any of the following events (each a "Buyout Event"): (a) a Member shall dissolve dissolve, Resign or become Bankrupta Bankrupt Member; or (b) a Member shall commit be the subject of a Default. In each case, the Member with respect to whom a Buyout Event has occurred is referred to herein as the "Affected MemberChange of Control."

Appears in 1 contract

Samples: Limited Liability Company Agreement (El Paso Natural Gas Co)

BUYOUT EVENTS. This Article 9 shall apply to any of the following events (each a "Buyout Event"): (a) a Member shall dissolve or become Bankrupt; or (b) a Member shall commit a Default. In each case, the Member with respect to whom a Buyout Event has occurred is referred to herein as the "Affected Member."

Appears in 1 contract

Samples: Limited Liability Company Agreement (Louisiana Generating LLC)