Changes in Members. If a Member that is not a natural person is merged into another entity, dissolved or terminated, the Member’s successors shall be Members, except that, in the event there are one or more other Members immediately prior to the merger, dissolution or termination, as the case may be, the successors shall be Assignees.
Appears in 10 contracts
Samples: Operating Agreement (Tidewater Marine Fleet, L.L.C.), Operating Agreement (Tidewater Marine Fleet, L.L.C.), Operating Agreement (Tidewater Marine Fleet, L.L.C.)
