Common use of Perpetual Term Clause in Contracts

Perpetual Term. The Company’s existence shall be perpetual unless the Member determines to dissolve it. Only the Member shall determine if and when the Company shall be dissolved. Such right is exclusively reserved to the Member even if the Member’s creditor or another Person has acquired part or all of the Member’s membership interest without being admitted as a substitute Member.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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