Common use of Termination of a Member Clause in Contracts

Termination of a Member. The expulsion, dissolution or Bankruptcy of a Member or any other event that terminates the continued membership of any Member (each a "Terminating Event") shall not in and of itself cause the Company to be dissolved, wound up or terminated unless, no later than ninety (90) days following a Terminating Event with respect to a Member, Members owning all of the remaining Membership Interests unanimously determine not to continue the business of the Company, in which case the Company shall dissolve and liquidate pursuant to Article X hereof and the remaining Members shall select the liquidator pursuant to such Article. No Member shall have the right to withdraw or resign as a Member or, except as provided in Section 10.1(a)(i), dissolve the Company voluntarily.

Termination of a Member. The death, retirement, resignation, expulsion, dissolution or Bankruptcy of a Member or any other event that terminates the continued membership of any Member (each a "“Terminating Event"”) shall not in and of itself cause the Company to be dissolved, wound up or terminated unless, no later than ninety (90) days following a Terminating Event with respect to a Member, Members owning all of the remaining Membership Interests Class A Shares and Class A Preferred Shares unanimously determine not to continue the business of the Company, in which case the Company shall dissolve and liquidate pursuant to Article X XII hereof and the remaining Class A Members and Class A Preferred Members shall select the liquidator pursuant to such Article. No Member shall have the right to withdraw or resign as a Member or, except as provided in Section 10.1(a)(i12.1(a), dissolve the Company voluntarily.