Continuation Event. Neither the resignation, expulsion, bankruptcy or dissolution of any Member, nor the occurrence of any other event that terminates the continued membership of any Member (each, a “Continuation Event”), shall cause the Company to be dissolved or its affairs to be wound up, and upon the occurrence of any such Continuation Event, the Company shall be continued without dissolution, unless within ninety (90) days following such Continuation Event, a Majority in Interest of the Members (excluding the Member which has been the subject of the Continuation Event) agrees in writing to dissolve the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (American Retirement Corp), Limited Liability Company Agreement (American Retirement Corp), Limited Liability Company Agreement (American Retirement Corp)
Continuation Event. Neither the death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member, Member nor the occurrence of any other event that terminates the continued membership of any Member (each, a “Continuation Event”), ) shall cause the Company to be dissolved or its affairs to be wound up, and upon the occurrence of any such Continuation Event, the Company shall be continued without dissolution, unless within ninety (90) days following such Continuation Event, a Majority in Interest of the Members (excluding the Member which has been the subject of the Continuation Event) agrees agree in writing to dissolve the Company.
Appears in 1 contract
Samples: Operating Agreement (Enterprise Financial Services Corp)
