Duration of LLC Sample Clauses

Duration of LLC. The duration of this LLC shall be . Further, this LLC shall terminate when a proposal to dissolve the LLC is adopted by the membership of this LLC or when this LLC is otherwise terminated in accordance with law.
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Duration of LLC. The duration of this LLC shall last until November 30, 2011, after the end of 2011 racing season and shall be terminated when a proposal to dissolve the LLC is adopted by the membership of this LLC or in accordance with law. Alternatively, the LLC may perpetuate for a longer period if unanimously approved by its members and recorded and amended Operating Agreement filed.
Sample 1
Duration of LLC. Comment [MSOffice7]: Perpetual existence means that the company will continue if the founding members leave or pass away. The duration of this LLC shall be Perpetual. This LLC shall terminate when a proposal to dissolve the LLC is adopted by the membership of this LLC or when this LLC is otherwise terminated in accordance with law. Comment [RMP8]: The Manager takes care of the day-to-day business of the LLC.
Sample 1

Related to Duration of LLC

  • Duration of Agreement All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.

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