No Cessation of Membership upon Bankruptcy. A Person will 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 will be continued pursuant to the terms hereof without dissolution.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Simon Worldwide Inc), Limited Liability Company Agreement (Simon Worldwide Inc), Limited Liability Company Agreement (Simon Worldwide Inc)
No Cessation of Membership upon Bankruptcy. A Person will 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 ActAct with respect to a Member, the business of the Company will be continued pursuant to the terms hereof without dissolution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DJSP Enterprises, Inc.), Limited Liability Company Agreement (Chardan 2008 China Acquisition Corp.)
