Common use of Liquidating Events Clause in Contracts

Liquidating Events. The death, retirement, bankruptcy or dissolution of the Member, or the occurrence of any other event that terminates the continued membership of a member in the Company, shall not cause the Company to be dissolved and its affairs wound up, but rather the business of the Company shall be continued without dissolution, provided that there remains at least one Member (including a transferee of one or more Interests who becomes a Member). The Company shall dissolve and commence winding up and liquidating upon the first to occur of any of the following events (the “Liquidating Events”): (a) The written consent of the Member or any successor Member; (b) There is no Member or transferee of one or more Interests who becomes a Member; or (c) The occurrence of any other event causing the dissolution of the Company under the Act.

Appears in 5 contracts

Samples: Operating Agreement (Community Health Investment CORP), Operating Agreement (Community Health Investment CORP), Operating Agreement (Community Health Investment CORP)

AutoNDA by SimpleDocs

Liquidating Events. The death, retirement, bankruptcy or dissolution of the Member, or the occurrence of any other event that terminates the continued membership of a member in the Company, shall not cause the Company to be dissolved and its affairs wound up, but rather the business of the Company shall be continued without dissolution, provided that there remains at least one Member (including a transferee of one or more Interests who becomes a Member). The Company shall dissolve and commence winding up and liquidating upon the first to occur of any of the following events (the “Liquidating Events”): (a) The written consent of the Member or any successor Member; (b) There is no Member or transferee of one or more Interests who becomes a Member; or (c) The occurrence of any other event causing the dissolution of the Company under the Act.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP)

Liquidating Events. The death, retirement, bankruptcy or dissolution of the Member, or the occurrence of any other event that terminates the continued membership of a member in the Company, shall not cause the Company to be dissolved and its affairs wound up, but rather the business of the Company shall be continued without dissolution, provided that there remains at least one Member (including a transferee of one or more Interests who becomes a Member). The Company shall dissolve and commence winding up and liquidating upon the first to occur of any of the following events (the “Liquidating Events”): (a) The written consent of the Member or any successor Member; (b) There is no Member or transferee of one or more Interests who becomes a Member; or (c) The occurrence of any other event causing the dissolution of the Company under the ActCode.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Community Health Investment CORP)

AutoNDA by SimpleDocs

Liquidating Events. The death, retirement, bankruptcy or dissolution of the Member, or the occurrence of any other event that terminates the continued membership of a member in the the. Company, shall not cause the Company to be dissolved and its affairs wound up, but rather the business of the Company shall be continued without dissolution, provided that there remains at least one Member (including a transferee of one or more Interests who becomes a Member). The Company shall dissolve and commence winding up and liquidating upon the first to occur of any of the following events (the “Liquidating Events”): (a) The written consent of the Member or any successor Member; (b) There is no Member or transferee of one or more Interests who becomes a Member; or (c) The occurrence of any other event causing the dissolution of the Company under the Act.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Community Health Investment CORP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!