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 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)
