No Cessation of Membership Upon Bankruptcy, etc. A Person shall not cease to be a Member of the Company upon the happening, with respect to such Person, of any of the events specified in §18-304 of the Act. Upon the occurrence of any event specified in §18‑304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.
Appears in 2 contracts
Samples: Subscription Agreement (Celadon Group Inc), Limited Liability Company Agreement (Celadon Group Inc)
No Cessation of Membership Upon Bankruptcy, etc. A Person shall not cease to be a Member of the Company upon the happening, with respect to such Person, of any of the events specified in §18-304 of the Act. Upon the occurrence of any event specified in §18‑304 18-304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Hca Inc/Tn), Limited Liability Company Agreement (Erie Shores Emergency Physicians, Inc.)
No Cessation of Membership Upon Bankruptcy, etc. A Person shall not cease to be a Member of the Company upon the happening, with respect to such Person, of any of the events specified in §18-304 of the Act. Upon the occurrence of any event specified in §18‑304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.. SECTION 4.6
Appears in 1 contract
Samples: Subscription Agreement
No Cessation of Membership Upon Bankruptcy, etc. A Person shall not cease to be a Member of the Company upon the happening, with respect to such Person, of any of the events specified in §Section 18-304 of the Act. Upon the occurrence of any such event specified in §18‑304 Section 18-304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cb Richard Ellis Realty Trust)
No Cessation of Membership Upon Bankruptcy, etc. A Person shall not cease to be a Member of the Company as a result of the bankruptcy of such Person or upon the happening, with respect to such Person, of any of the events specified in §18-304 of the Act. Upon the occurrence of any event specified in §18‑304 18-304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.
Appears in 1 contract
Samples: Securities Purchase Agreement (Enpro Industries, Inc)
No Cessation of Membership Upon Bankruptcy, etc. A Person shall not cease to be a Member of the Company as a result of the bankruptcy of such Person or upon the happening, with respect to such Person, of any of the events specified in §section 18-304 of the Act. Upon the occurrence of any event specified in §18‑304 section 18-304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Enpro Industries, Inc)
No Cessation of Membership Upon Bankruptcy, etc. A Subject to Section 3.7, a Person shall not cease to be a Member of the Company upon the happening, with respect to such Person, of any of the events specified in §Section 18-304 of the Act. Upon the occurrence of any such event specified in §18‑304 Section 18-304 of the Act, the business of the Company shall be continued pursuant to the terms hereof without dissolution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cb Richard Ellis Realty Trust)
