Common use of Termination of Interest Clause in Contracts

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. A Member's Membership continued 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. (db) bankruptcy of the Member; ; (ec) dissolution of the Member; or (fd) a merger in which the Company is not the surviving organization; (d) an attempt by the Member to withdraw or retire from being a Member in violation of Section 15.02 below; or (e) the occurrence of any other event under the Act or applicable law that terminates the continued membership of the Member in the Company.

Termination of Interest. A Member's Membership ’s continued membership in the Company shall terminate upon the: : (a) withdrawal of the Member; (b) acquisition of the Member's ’s complete Membership Interest by the Company; ; (c) assignment of the Member's Governance Rights which leaves the Member with no Governance Rights. (db) bankruptcy of the Member; ; (ec) dissolution of the Member; or (fd) a merger in which the Company is not the surviving organization; (d) an attempt by the Member to withdraw or retire from being a Member in violation of Section 15.02 below; or (e) the occurrence of any other event under the Act or applicable law that terminates the continued membership of the Member in the Company.