Common use of Rights of Legal Representatives Clause in Contracts

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 this Agreement to give an Assignee the right to become a Member.

Appears in 2 contracts

Samples: Operating Agreement (Zhone Technologies Inc), Operating Agreement (Zhone Technologies Inc)

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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 this Agreement to give an Assignee the right to become a Member.

Appears in 2 contracts

Samples: Operating Agreement (Zhone Technologies Inc), Operating Agreement (Zhone 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 ’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 this Agreement to give an Assignee assignee the right to become a Member, subject in all events to the restrictions and limitations of this Article VIII.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Golden Pacific Homes, LLC), Limited Liability Company Agreement (Golden Pacific Homes, 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 this Agreement to give an Assignee assignee the right to become a Member, subject in all events to the restrictions and limitations of this Article VII.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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 such 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 hereunder. Upon the purpose occurrence of settling a Dissolution of a Member that is not a natural person, the Member's estate powers of that Member may be exercised by its legal representative or administering the Member's property, including any power the Member has under this Agreement to give an Assignee the right to become a Membersuccessor.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Image Entertainment Inc)

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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. If a Member is a corporation, including any power trust, partnership, limited liability company or other entity and is dissolved or terminated, the powers of that Member has under this Agreement to give an Assignee the right to become a Membermay be exercised by its legal representative or successor.

Appears in 1 contract

Samples: Operating Agreement (Panera Bread Co)

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 such Member's ’s person or property, the Member's ’s executor, administrator, guardian, conservator, conservator or other legal representative may exercise all of the Member's ’s rights for hereunder. Upon the purpose occurrence of settling a Dissolution of a Member that is not a natural person, the Member's estate powers of that Member may be exercised by its legal representative or administering the Member's property, including any power the Member has under this Agreement to give an Assignee the right to become a Membersuccessor.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Mr. Mango 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 this Agreement to give an Assignee the right to become a Member.legal

Appears in 1 contract

Samples: Operating Agreement (American Vantage Companies)

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