TERMINATION OF THIS DEED. 16.1 This Deed shall continue in full force and effect from the date hereof until: 16.1.1 all the Members or their successors in title agree in writing to its termination; 16.1.2 there is only one Member of the Company; or 16.1.3 the Company goes into liquidation whether voluntary or compulsory (other than for the purpose of an amalgamation or reconstruction approved by all the Members). 16.2 Without prejudice to any accrued rights and liabilities of any of the Members, the ongoing rights and liabilities of any Member pursuant to this Deed shall cease automatically upon the cessation of his or its membership of the Company. 16.3 Termination of this Deed pursuant to this clause 16 shall be without prejudice to any accrued rights and liabilities of any of the Members.
Appears in 4 contracts
Samples: Members’ Agreement, Members’ Agreement, Members’ Agreement
TERMINATION OF THIS DEED. 16.1 This Deed shall continue in full force and effect from the date hereof until:
16.1.1 all the Members or their successors in title agree in writing to its termination;
16.1.2 there is only one Member of the Company; or
16.1.3 the Company goes into liquidation whether voluntary or compulsory (other than for the purpose of an amalgamation or reconstruction approved by all the Members).
16.2 Without prejudice to any accrued rights and liabilities of any of the Members, the ongoing rights and liabilities of any Member pursuant to this Deed shall cease automatically upon the cessation of his his/her or its membership of the Company.
16.3 Termination of this Deed pursuant to this clause 16 shall be without prejudice to any accrued rights and liabilities of any of the Members.
Appears in 2 contracts
Samples: Members’ Agreement, Members’ Agreement
TERMINATION OF THIS DEED. 16.1 This Deed shall continue in full force and effect from the date hereof until:
16.1.1 all the Members or their successors in title agree in writing to its termination;
16.1.2 there is only one Member of the Company; or
16.1.3 the Company goes into liquidation whether voluntary or compulsory (other than for the purpose of an amalgamation or reconstruction approved by all the Members).
16.2 Without prejudice to any accrued rights and liabilities of any of the Members, the ongoing rights and liabilities of any Member pursuant to this Deed shall cease automatically upon the cessation of his or its membership of the Company.
16.3 Termination of this Deed pursuant to this clause 16 15 shall be without prejudice to any accrued rights and liabilities of any of the Members.
Appears in 1 contract
Samples: Members’ Agreement
