Common use of Dissociation Clause in Contracts

Dissociation. A Person shall cease to be a Member upon the happening of any of the following events: (a) the withdrawal of a Member with the unanimous consent of the remaining Members; (b) a Member becoming a Bankrupt Member; (c) in the case of a Member who is a natural person, the death of the Member; (d) in the case of a Member who is acting as a Member by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee); (e) in the case of a Member that is an organization other than a corporation, the dissolution and commencement of winding up of the separate organization; (f) in the case of a Member that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the corporation or the revocation of its charter; or (g) in the case of a Member that is an estate, the distribution by the fiduciary of the estate's Units. Assignees shall not be deemed to be Members for purposes of this Section 9.1.

Dissociation. A Person shall cease to be a Member upon the happening of any of the following events: (a) the withdrawal of a Member with the unanimous consent of the remaining Members; (b) a Member becoming a Bankrupt Member; (c) in the case of a Member who is a natural person, the death of the Member; (d) in the case of a Member who is acting as a Member by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee); (e) in the case of a Member that is an organization other than a corporation, the dissolution and commencement of winding up of the separate organization; (f) in the case of a Member that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the corporation or the revocation of its charter; or (g) in the case of a Member that is an estate, the distribution by the fiduciary of the estate's ’s Units. Assignees shall not be deemed to be Members for purposes of this Section 9.1.

Dissociation. A Person shall cease to be a Member upon the happening of any of the following events: (a) the withdrawal of a Member with the unanimous consent of the remaining Members; (b) a Member Member's becoming a Bankrupt Member; (cb) in the case of a Member who is a natural person, the death of the Member or the entry of an order by a court of competent jurisdiction adjudicating the Member incompetent to manage the Member's personal estate; (dc) in the case of a Member who is acting as a Member by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee); (ed) in the case of a Member that is an organization a separate Organization other than a corporation, the dissolution and commencement of winding up of the separate organizationOrganization; (fe) in the case of a Member that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the corporation or the revocation of its charter; or (gf) in the case of a Member that is an estate, the distribution by the fiduciary of the estate's Units. Assignees shall not be deemed to be Members for purposes of this Section 9.1entire interest in the limited liability company.

Dissociation. A Person shall cease to be a Member upon the happening of any of the following events: (a) the withdrawal of a Member with the unanimous consent of the remaining Members; (b) a Member becoming a Bankrupt Member; (c) in the case of a Member who is a natural person, the death of the Member; (d) in the case of a Member who is acting as a Member by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee); (e) in the case of a Member that is an organization other than a corporation, the dissolution and commencement of winding up of the separate organization; (f) in the case of a Member that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the corporation or the revocation of its charter; or (g) in the case of a Member that is an estate, the distribution by the fiduciary of the estate's Units. Assignees shall not be deemed to be Members for purposes of this Section 9.18.1.

Dissociation. A Person shall cease to be a Member upon the happening of any of the following events: (a) the withdrawal of a Member with the unanimous consent of the General Manager and a Majority-in-Interest of the remaining Members; (b) a Member becoming a Bankrupt Member; (c) in the case of a Member who is a natural person, the death of the Member; (d) in the case of a Member who is acting as a Member by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee); (e) in the case of a Member that is an organization other than a corporation, the dissolution and commencement of winding up of the separate organization; (f) in the case of a Member that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the corporation or the revocation of its charter; or; (g) in the case of a Member that is an estate, the distribution by the fiduciary of the estate's Units. Assignees shall not be deemed to be Members for purposes of this ’s Interest; and (h) a Member Disqualification Event, as more particularly provided in Section 9.16.3.