Death or Dissolution. The dissolution, death, termination of existence, insolvency or business failure or suspension or cessation of business as usual of any Loan Party or any Other Obligor (or of any general partner of any Loan Party or any Other Obligor if it is a partnership);
Death or Dissolution. If Broker is not a corporation or partnership, this Agreement will terminate on the date of Broker's death. If Broker is a corporation or partnership, this Agreement will terminate on the date that the corporation or partnership is dissolved or otherwise judged by appropriate regulatory agencies to no longer be a legal entity.
Death or Dissolution. Death or dissolution of Debtor or of any guarantor or surety for Debtor" obligations hereunder.
Death or Dissolution. Guarantor dies, dissolves or liquidates, or the business of Guarantor is suspended or terminated for any reason.
Death or Dissolution. Upon the death or dissolution of a Member, the Company shall have the right and option, by written notice no later than three (3) months after the date of the death or dissolution, to purchase that deceased or dissolved Member's interest in the Company now owned or hereafter acquired. The purchase price for that interest shall be the average of the value established by two independent appraisers, with the representatives of the Selling Member and the Company each selecting and paying for one of the appraisers. The purchase price shall be paid in equal installments over a thirty six (36) month period.
Death or Dissolution. (a) An individual’s membership in the Cooperative is deemed to be withdrawn on their date of death. By ordinary resolution, the board may deem a body corporate’s membership in the Cooperative to be withdrawn if that body corporate has commenced dissolution proceedings or is dissolved by its corporate regulator.
(b) By ordinary resolution, the board may deem a person’s membership in the Cooperative to be withdrawn if the member resigns or retires as an employee of the Cooperative, or the member withdraws his or her services to the Cooperative that were provided on contract.
Death or Dissolution. The Company shall purchase the Membership Interest of the deceased or dissolved Member as provided in Section 8.6.
Death or Dissolution. The death (in the case of a Member who is a natural person) or dissolution (in the case of a Member other than a natural person) of a 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 and the Units owned by the deceased or dissolved Member shall automatically be Transferred in accordance with such Member’s will, constitutive documents or other applicable instrument or operation of Applicable Law that duly effects the Transfer to or vesting in another Person of such Units upon or after the death or dissolution of such Member, provided, that within a reasonable time after such Transfer, the applicable Transferees of such Units shall sign a written undertaking substantially in the form of the Joinder Agreement.
Death or Dissolution. The death of an individual Member or the dissolution of a corporate or partnership Member shall not cause the dissolution of the Company. The bankruptcy of a Member shall not cause a dissolution of the Company.
Death or Dissolution. The death or dissolution 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 and the Units owned by the deceased Member shall automatically be Transferred to such Member's heirs or equity owners as applicable; provided, that within a reasonable time after such Transfer, the applicable heirs shall sign a written undertaking substantially in the form of the Joinder Agreement.
