Termination of Interest. The lapse or termination of Assignor's interest in any of the Collateral.
Termination of Interest. A Member's Membership in the Company shall terminate upon the:
(a) withdrawal of the Member;
(b) acquisition of the Member's complete Membership Interest by the Company;
(c) assignment of the Member's Governance Rights which leaves the Member with no Governance Rights.
(d) bankruptcy of the Member;
(e) dissolution of the Member; or
(f) a merger in which the Company is not the surviving organization.
Termination of Interest. The Lender shall have no further interest in, or other right with respect to, any Equipment when and if the principal amount of and interest on all the Notes and all other sums payable to the Lender hereunder and under such Notes shall have been paid in full. The Lender shall provide the Trustee notice of the termination of this Agreement promptly following the payment in full of the principal amount of and interest on the Notes and all other sums payable to the Lender hereunder.
Termination of Interest. 17 (c) Act of Insolvency................................................................. 17 (d) Material Adverse Change........................................................... 17 (e) Default Under Other Contracts..................................................... 17 (f) Merger or Consolidation........................................................... 17 (g) Anticipated Insolvency............................................................ 18 (h) Final Judgment.................................................................... 18 (i) Breach of Credit Covenants........................................................ 18 (j)
Termination of Interest. ZCC III agrees that it will not ----------------------- exercise any right of disposition of property in which a security interest is granted to it pursuant to this Agreement or the Deed of Trust until the occurrence and continuance of an Event of Default. ZCC III further agrees that it will no longer have any right or interest in any property or rights granted to it pursuant to this Agreement or the Deed of Trust and the Debtor will have no further duties and obligations under this Agreement and the Deed of Trust when the Series A Purchase Notes and any amounts owed under this Agreement and the Deed of Trust have been indefeasibly paid in full to ZCC III, at which time this Agreement shall terminate, and ZCC III shall, when and as requested by the Debtor, confirm such termination to the Debtor and any third party in writing and by filing appropriate UCC-2, or other similar form of, termination statements and taking such action as may be necessary to cause the full reconveyance of the Deed of Trust.
Termination of Interest. The distribution of cash or property to a Partner in accordance with the provisions of this Article constitutes a complete return to the Partner of its capital contributions and a complete distribution to the Partner in respect of its Partnership Interest and all the Partnership's property and constitutes a compromise to which all Partners have consented for purposes of the Partnership Act. To the extent that a Partner returns funds to the Partnership, it has no claim against any other Partner for those funds.
Termination of Interest. Upon the transfer of an Interest in violation of this Agreement or the occurrence of a Dissolution Event as to such Member which does not result in the dissolution of the Company, the Interest of a Member shall be converted into an Economic Interest.
Termination of Interest. Subject to Article XX of this Agreement, a Member's continued membership in Member Newco shall terminate upon the:
(a) acquisition of the Member's complete Membership Interest by Member Newco; (b) bankruptcy of the Member; (c) dissolution of the Member; (d) a merger in which Member Newco is not the surviving entity; (e) an attempt by the Member to withdraw or retire from being a Member in violation of Section 15.02 below; or (f) the occurrence of any other event under the Act or applicable law that terminates the continued membership of the Member in Member Newco.
Termination of Interest. Unless otherwise provided in the Agreement, a person ceases to be a Member upon one of the following termination events: a) the resignation or expulsion of the Member, or b) the assignment by the Member of the entire Interest of the Member.
Termination of Interest. Lapse or termination of Obligor's interest ----------------------- in any of the Collateral other than through sales of Inventory or other use of Collateral in the ordinary course of business;
