Dissociation. The Member ceases to be a Member upon the occurrence of either of the following events (each an “Event of Dissociation”): (a) the Member voluntarily withdraws from the Company; or (b) the Member Transfers its entire Interest to another Person and such Person is admitted as an Additional Member of the Company in accordance with the terms of Section 3.6.
Appears in 34 contracts
Samples: Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Adesa California, LLC)
Dissociation. The Member ceases to be a Member upon the occurrence of either of the following events (each an “Event of Dissociation”):
(a) the Member voluntarily withdraws from the Company; or
(b) the Member Transfers its entire Membership Interest to another Person and such Person is admitted as an Additional Member of the Company in accordance with the terms of Section 3.6.
Appears in 3 contracts
Samples: Operating Agreement (Auto Portfolio Services, LLC), Operating Agreement (Adesa California, LLC), Operating Agreement (Adesa California, LLC)