Common use of Expulsion or Bankruptcy of a Member Clause in Contracts

Expulsion or Bankruptcy of a Member. In the event of a resignation, expulsion or bankruptcy of any Member, the Company shall thereupon be dissolved and terminated and the Members shall cause a Certificate of Cancellation in the form required by the Act to be filed with the Secretary of State of Delaware when the Company is dissolved.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture), Limited Liability Company Agreement (3100 Glendale Joint Venture), Limited Liability Company Agreement (3100 Glendale Joint Venture)

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Expulsion or Bankruptcy of a Member. In the event of a the resignation, expulsion or bankruptcy of any Member, the Company shall thereupon be dissolved and terminated and the Members shall cause a Certificate of Cancellation in the form required by the Act to be filed with the Secretary of State of Delaware when the Company is dissolved.

Appears in 1 contract

Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)

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