Common use of Purchase Upon Dissociation of a Member Clause in Contracts

Purchase Upon Dissociation of a Member. (a) In the event that a Member involuntarily dissociates from the Company (a “Dissociating Member”), the Interest held by the Dissociating Member may, at the election of the Manager, be redeemed by the Company.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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