DISSOCIATION OF MEMBERS AND REPURCHASES Sample Clauses

DISSOCIATION OF MEMBERS AND REPURCHASES. 23 Section 5.1 Effect of Dissociation 23 Section 5.2 Investor Repurchase Rights 24 Section 5.3 Repurchases of Incentive Units upon Certain Events 25 Section 5.4 Other Repurchases 26 Section 5.5 Forfeiture of Incentive Units 26 Section 5.6 Legacy Options 26 Section 6.1 Management by the Board 26 Section 6.2 Officers 31 Section 6.3 Limitation on Authority of Members 32 Section 6.4 Meetings of and Voting by Members 33 Section 6.5 Class A Protective Covenants 34 Section 6.6 Additional Protective Covenants 37 Section 7.1 Performance of Duties; Limitations on Liability 40 Section 7.2 Right to Indemnification 40 Section 7.3 Advance Payment 41 Section 7.4 Indemnification of Employees and Agents 41 Section 7.5 Appearance as a Witness 42 Section 7.6 Non-exclusivity of Rights 42 Section 7.7 Insurance 42 Section 7.8 Savings Clause 42 Section 7.9 Limited Liability 42 Section 7.10 Personal Services 43 Section 7.11 Lack of Authority 43
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Related to DISSOCIATION OF MEMBERS AND REPURCHASES

  • Dissociation of a Member The withdrawal, resignation, retirement, disability, expulsion, or bankruptcy of a member will terminate the membership of the member in the Company. Such a member will be deemed a “dissociated member.”

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Dissolution of Partnership 53 Section 15.2 Return of Capital Contribution upon Dissolution......

  • Dissociation Except as otherwise provided, upon the occurrence of a dissociation event with respect to a Member, the LLC and the remaining Members shall have the option to purchase the dissociated Member's interest at the Set Price in the same manner as provided in ARTICLE VIII and as if the dissociated Member had notified the LLC of his desire to sell all of his LLC interest. The date the LLC received the notice as provided in ARTICLE VIII triggering the options shall be deemed to be the date that the LLC receives actual notice of the dissociation event.

  • 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.

  • Dissolution of the Partnership The General Partner may dissolve the Partnership prior to the expiration of its term at any time on not less than 60 days’ notice of the dissolution date given to the other Partners. Upon the dissolution of the Partnership, the Partners’ respective interests in the Partnership shall be valued and settled in accordance with the procedures set forth in Section 6.5.

  • Substitution of Members If unanimous written approval is received, the transferee shall:

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Dissolution of Company The Company shall, subject to the SEC’s‌ approval, dissolve and its assets and business shall be wound up upon the occurrence of any of the following events: (a) unanimous written consent of the Participants to dissolve the Company; (b) an event that makes it unlawful or impossible for the Company business to be continued; (c) the termination of one or more Participants such that there is only one remaining Participant; or (d) the entry of a decree of judicial dissolution under Section 18-802 of the Delaware Act.

  • Admission of Members Other persons may be admitted as Members from time to time pursuant to the provisions of this Agreement.