Continuation of the Company. If an event described in Section 8.1(a) occurs, it is the intent of the Members that the Company shall continue to exist and operate without interruption, dissolution or termination, and without impairing or reducing in any manner the Company's rights and obligations to third parties unless the Nondefaulting Member elects to dissolve the Company pursuant to Section 8.2(a).
Appears in 2 contracts
Samples: Operating Agreement (Chevrontexaco Corp), Operating Agreement (Energy Conversion Devices Inc)
Continuation of the Company. If an event described in Section 8.1(a) occurs, it is the intent of the Members that the Company shall continue to exist and operate without interruption, dissolution or termination, and without impairing or reducing in any manner the Company's rights and obligations to third parties unless the Nondefaulting Member elects to dissolve the Company pursuant to Section 8.2(a8.2(a)(i).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Energy Conversion Devices Inc), Limited Liability Company Agreement (Energy Conversion Devices Inc)
Continuation of the Company. If an event described in Section 8.1(a) --------------------------- occurs, it is the intent of the Members that the Company shall continue to exist and operate without interruption, dissolution or termination, and without impairing or reducing in any manner the Company's rights and obligations to third parties unless the Nondefaulting Member elects to dissolve the Company pursuant to Section 8.2(a).
Appears in 1 contract
Samples: Operating Agreement (Energy Conversion Devices Inc)
