Common use of Disability of Member Clause in Contracts

Disability of Member. Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

Appears in 181 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Disability of Member. Upon the disability of a the Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

Appears in 90 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Disability of Member. Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's ’s Interests and Capital Account of the Member have been transferred or distributed.

Appears in 1 contract

Samples: Operating Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!