Common use of Termination of Noncompetition Covenants Clause in Contracts

Termination of Noncompetition Covenants. Upon the later of the dissolution of the Company and the completion of the liquidation process, the Members shall have no continuing liability, or obligation under Section 5.9(b) except that Section 5.9(b) shall continue to be binding upon a Member whose breach of this Agreement caused a dissolution of the Company and any actions for a breach of this Agreement, including a breach of Section 5.9(b), shall not be impaired by the dissolution or completed liquidation.

Appears in 7 contracts

Samples: Operating Agreement (Medcath Inc), Operating Agreement (Medcath Inc), Operating Agreement (Medcath Corp)

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Termination of Noncompetition Covenants. Upon the later of the dissolution of the Company and the completion of the liquidation process, the Members shall have no continuing liability, liability or obligation under Section 5.9(b) 3.9(b), except that Section 5.9(b3.9(b) shall continue to be binding upon a Member whose breach of this Agreement caused a dissolution of the Company and any actions action for a breach of this Agreement, including a breach of Section 5.9(b3.9(b), shall not be impaired by the dissolution or completed liquidation.

Appears in 3 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Inc), Operating Agreement (Medcath Corp)

Termination of Noncompetition Covenants. Upon the later of the dissolution of the Company and the completion of the liquidation process, the Members shall have no continuing liability, or obligation under Section 5.9(b5.10(b) except that Section 5.9(b5.10(b) shall continue to be binding upon a Member whose breach of this Agreement caused a dissolution of the Company and any actions for a breach of this Agreement, including a breach of Section 5.9(b), shall not be impaired by the dissolution or completed liquidation.of

Appears in 2 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

Termination of Noncompetition Covenants. Upon the later of the dissolution of the Company and the completion of the liquidation process, the Members shall have no continuing liability, or obligation under Section 5.9(b5.11(b) except that Section 5.9(b5.11(b) shall continue to be binding upon a Member whose breach of this Agreement caused a dissolution of the Company and any actions for a breach of this Agreement, including a breach of Section 5.9(b5.11(b), shall not be impaired by the dissolution or completed liquidation.

Appears in 1 contract

Samples: Operating Agreement (Medcath Corp)

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Termination of Noncompetition Covenants. Upon the later of the dissolution of the Company and the completion of the liquidation process, the Members shall have no continuing liability, liability or obligation under Section 5.9(b) 3.10(b), except that Section 5.9(b3.10(b) shall continue to be binding upon a Member whose breach of this Agreement caused a dissolution of the Company and any actions action for a breach of this Agreement, including a breach of Section 5.9(b3.10(b), shall not be impaired by the dissolution or completed liquidation.

Appears in 1 contract

Samples: Operating Agreement (Medcath Corp)

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