Events Affecting the Manager. Except as provided in paragraph 10.1(a)(ii) and to the fullest extent permitted by law, the bankruptcy, expulsion, resignation, removal or withdrawal, liquidation, dissolution, reorganization, merger, sale of all or substantially all the stock or assets of, or other change in the ownership or nature of the Manager shall not, in and of itself, dissolve the Company, and upon the happening of any such event, the affairs of the Company shall be continued by the Manager or any successor thereto.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Events Affecting the Manager. Except as provided in paragraph 10.1(a)(ii) and to the fullest extent permitted by law, the bankruptcy, expulsion, resignation, removal or withdrawal, liquidation, dissolution, reorganization, merger, sale of all or substantially all the stock or assets of, or other change in the ownership or nature of the Manager shall not, in and of itself, dissolve the Company, and upon the happening of any such event, the affairs affairs of the Company shall be continued by the Manager or any successor thereto.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Events Affecting the Manager. Except as provided in paragraph 10.1(a)(ii) and to the fullest extent permitted by lawThe withdrawal, the bankruptcy, expulsionor dissolution of the Manager, resignation, removal or withdrawal, nor the liquidation, dissolution, reorganization, merger, sale of all or substantially all the stock or assets of, or other change in the ownership or nature of the Manager Manager, shall not, in and of itself, not dissolve the Company, and upon the happening of any such event, the affairs of the Company shall be continued without dissolution by the Manager or any successor entity thereto.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Events Affecting the Manager. Except as provided in paragraph 10.1(a)(ii) and to the fullest extent permitted by lawThe withdrawal, the bankruptcy, expulsionor dissolution of the Manager, resignation, removal or withdrawal, nor the liquidation, dissolution, reorganization, merger, sale of all or substantially all the stock or assets of, or other change in the ownership or nature of the Manager Manager, shall not, in and of itself, not dissolve the Company, and upon the happening of any such event, the affairs of the Company shall be continued without dissolution by the Manager or any successor thereto.entity thereto.
Appears in 1 contract
