Common use of Continuance of the Company Clause in Contracts

Continuance of the Company. To the maximum extent permitted by the Act, the death, retirement, resignation, expulsion, bankruptcy or dissolution of a Member shall not constitute a Dissolution Event and, notwithstanding the occurrence of any such event or circumstance, the business of the Company shall be continued without dissolution.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Laredo Oil, Inc.), Limited Liability Company Agreement

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