Death of a Member. The death of any Member shall not cause the dissolution of the Company. In such event the Company and its business shall be continued by the remaining Member or Members.
Appears in 6 contracts
Samples: Operating Agreement (ALST Casino Holdco, LLC), Operating Agreement (ALST Casino Holdco, LLC), Securities Purchase Agreement (Language Line Services Holdings, Inc.)
Death of a Member. The death of any a Member shall not cause the a dissolution of the Company. In Upon the death of a Member, the rights of such event Member to share in the Company profits and its business losses, to receive distributions of Company funds and to transfer his or her Unit(s) and Interest in the Company shall be continued by descend to and vest in his or her personal representatives or successors-in-interest, subject to the remaining Member or Membersterms and conditions of this Agreement, and the Company shall continue as a limited liability company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Resource America Inc)
Death of a Member. The death of any Member shall not cause the dissolution of the Company. In such event event, the Company and its business shall be continued by the remaining Member or Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Holdings Finance Corp)
Death of a Member. The death of any Member shall not cause the dissolution ----------------- of the Company. In such event event, the Company and its business shall be continued by the remaining Member or Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
Death of a Member. The death of any Member shall not cause the ----------------- dissolution of the Company. In such event the Company and its business shall be continued by the remaining Member or Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
