Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative or successor.
Appears in 9 contracts
Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, corporation or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 6 contracts
Samples: Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Playboy Enterprises Inc)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles Certificate or this Agreement to give an assignee Assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 4 contracts
Samples: Operating Agreement (Osi Restaurant Partners, LLC), Operating Agreement (Osi Restaurant Partners, LLC), Operating Agreement (Outback Steakhouse Inc)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles Certificate or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 3 contracts
Samples: Operating Agreement (Growblox Sciences, Inc.), Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, or other legal representative (each, a “Legal Representative”) may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative the Member’s Legal Representative or successor.
Appears in 2 contracts
Samples: Operating Agreement, California Limited Liability Company
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 2 contracts
Samples: Operating Agreement (ALST Casino Holdco, LLC), Operating Agreement (ALST Casino Holdco, LLC)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative or successor.
Appears in 2 contracts
Samples: Index Operating Agreement, Operating Agreement
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s personal representative, executor, administrator, guardian, conservator, conservator or other legal representative may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles or this Agreement to give an assignee Assignee the right to become a Member. If a Member is a corporation, trust, trust or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Borqs Technologies, Inc.)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her the Member's legal representative or successor.
Appears in 1 contract
Samples: Operating Agreement (Immersion Corp)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles certificate or this Agreement agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Samples: Operating Agreement (Onepoint Communications Corp /De)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her legal representative or successor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Euroseas Ltd.)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles Certificate or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, partnership, limited liability company or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her the Member's legal representative or successor, until the sooner of (i) such Member is dissolved or terminated, or (ii) such Member assigns all of the Member's interest to another.
Appears in 1 contract
Samples: Security Agreement
Rights of Legal Representatives. If a Member who is an individual a natural person dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the such Member's ’s person or property, the such Member's ’s executor, administrator, guardian, conservator, conservator or other legal representative may exercise all of the such Member's ’s rights for the purpose of settling the such Member's ’s estate or administering the such Member's ’s property, including any power the such Member has under the Articles Certificate or this Agreement to give an assignee Assignee the right to become a Member. If a Member is a corporation, trust, trust or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successorSuccessor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Innovaro, Inc.)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, conservator or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles Certificate of Formation or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, trust or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Imx Pharmaceuticals Inc)
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles Certificate or this Agreement to give an assignee Assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her such Member’s legal representative or successor.
Appears in 1 contract
Rights of Legal Representatives. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's ’s rights for the purpose of settling the Member's ’s estate or administering the Member's ’s property, including any power the Member has under the Articles or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, corporation or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Samples: Operating Agreement (Claxson Interactive Group Inc)
Rights of Legal Representatives. If a Member who is an individual individuaL dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, the Member's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Member's rights for the purpose of settling the Member's estate or administering the Member's property, including any power the Member has under the Articles Certificate or this Agreement to give an assignee the right to become a Member. If a Member is a corporation, trust, or other entity and is dissolved or terminated, the powers of that Member may be exercised by his or her its legal representative or successor.
Appears in 1 contract
Samples: Operating Agreement (Onepoint Communications Corp /De)