Event of Disassociation Sample Clauses

Event of Disassociation. Each of the following shall constitute an Event of Disassociation:
Sample 1
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Event of Disassociation. A Member experiences an Event of Disassociation from the Company when one of the following events occur: (i) an approved transfer of a Member’s entire interest under Articles 2.1(b) and 2.7; (ii) a Member’s death; (iii) an Event of Dissolution as set forth in Article 6.1, (iv) a Member’s filing of bankruptcy, whether voluntary or involuntary; (v) the execution, attachment, levy or other similar seizure against a Membership Interest of a Member; (vi) any involuntary transfer, assignment, or other disposition of a Membership Interest by operation of law; (vii) a transfer to a third party as provided in Section 2.11. The date upon which one of the previously described events occurs or a date of notice, is the effective date of the Member’s Disassociation. If a Member is a Qualified Plan, the death of the owner of the Plan shall also constitute a Member’s Disassociation.
Sample 1

Related to Event of Disassociation

  • Dissociation A Person shall cease to be a Member upon the happening of any of the following events:

  • Event of Breach 7.1 The following circumstances shall be deemed Event of Default:

  • Event of Force Majeure 15.1 Neither Party shall be in breach of the Agreement nor liable for any delay in performing, or failure to perform, any of its obligations under the Agreement if such delay or failure results from an Event of Force Majeure. In such circumstances the affected Party shall be entitled to a reasonable extension of the time for performing such obligations. If the period of delay or non-performance continues for three consecutive months, the Party not affected may terminate the Agreement immediately by giving written notice to the affected Party.

  • Event of Termination As soon as reasonably practicable and in any event within two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination and the action which the Borrower is taking or proposes to take with respect thereto.

  • Termination on Account of Disability Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of Disability, Executive shall be entitled to receive disability benefits under any disability program maintained by the Company that covers Executive, and Executive shall not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive executes and does not revoke the Release:

  • 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.”

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Termination in the Event of Death or Disability This Agreement shall terminate in the event of death or disability of Executive.

  • Terminating Event A “Terminating Event” shall mean any of the events provided in this Section 3:

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

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