Death or Disability of a Member. Upon the death or Disability of a Member, that Member will cease to be a member of the Fund and that disabled Member or the legal representative of that deceased Member’s estate (or the trustee of a living trust established by that deceased Member if that Member’s Interests have been transferred to a trust) will have the rights only of an assignee.
Appears in 5 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement
Death or Disability of a Member. Upon the Disability or death or Disability of a Member, that Member will cease to be a member of the Fund and that disabled Member or the legal representative of that deceased Member’s 's estate (or the trustee of a living trust established by that deceased Member if that Member’s 's Interests have been transferred to a trust) will have the rights only of an assignee.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Death or Disability of a Member. Upon the Disability or death or Disability of a Member, that Member will cease to be a member of the Fund and that disabled Member or the legal representative of that deceased Member’s estate (or the trustee of a living trust established by that deceased Member if that Member’s Interests have been transferred to a trust) will have the rights only of an assignee.
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Agreement
Death or Disability of a Member. Upon the Disability or death or Disability of a Member, that Member will cease to be a member Member of the Fund and that disabled Member or the legal representative of that deceased Member’s 's estate (or the trustee of a living trust established by that deceased Member if that Member’s 's Interests have been transferred to a trust) will have the rights only of an assignee.
Appears in 1 contract
Samples: Limited Liability Company Agreement
