Termination of Members’ Interest. The Members will cease to be a member of the Company upon the Members’ death, incompetency, or bankruptcy, or upon assignment of the Member's entire membership interest. Unless there are one or more other members of the Company, the person who is the holder of the Member's interest immediately after the Member ceases to be a member will become a member. If there are one or more other members of the Company at the time the Member ceases to be a member, the person who is the holder of the Member's interest immediately after the Member ceases to be a member will become a member only with the consent of the other member or members.
Termination of Members’ Interest. (a) A Member shall cease to be a Member as of the date of its Dissociation, and shall thereafter have only the rights an Assignee has under Section 10.2(a).
Termination of Members’ Interest. A Member’s ownership interest in the Company shall automatically terminate when they have received cumulative distributions equal to their capital contribution as determined by Article 6.2.
