Admission or Conversion. Upon the occurrence of a Membership Termination Event with respect to a Member under circumstances where the Company does not dissolve, the Manager shall determine which one of the following shall occur and give written notice thereof to the remaining Members and to the Member who suffered the Membership Termination Event (the “Former Member”):
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Kennedy-Wilson Properties (IL)), Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))
Admission or Conversion. Upon the occurrence of a Membership Termination Event with respect to a Member under circumstances where the Company does not dissolve, the Manager Managers shall determine which one of the following shall occur and give written notice thereof to the remaining Members and to the Member who suffered the Membership Termination Event (the “"Former Member”"):
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Internetstudios Com Inc), Limited Liability Company Agreement (Internetstudios Com Inc)
Admission or Conversion. Upon the occurrence of a Membership Termination Event with respect to a Member under circumstances where the Company does not dissolve, the Manager remaining Members shall determine which one of the following shall occur and give written notice thereof to the remaining Members and to the Member who suffered the Membership Termination Event (the “"Former Member”"):
Appears in 2 contracts
Samples: Operating Agreement (Cinema Ride Inc), Operating Agreement (Cinema Ride Inc)
Admission or Conversion. Upon the occurrence of a Membership Termination ----------------------- Event with respect to a Member under circumstances where the Company does not dissolve, the Manager Remaining Member(s) shall determine which one of the following shall occur and give written notice thereof to thereof, within sixty (60) days after the remaining Members and Membership Termination Event, to the Member who suffered the Membership Termination Event (the “"Former Member”"):
Appears in 1 contract
