Common use of Bankruptcy of Member Clause in Contracts

Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member or any member of the Company shall not cause the Member or any such other member to cease to be a member of the Company, and upon the occurrence of such an event, the Company shall continue without dissolution. Limited Liability Company Agreement Xeres Interests LLC

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tarantula Ventures LLC)

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Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member or any member of the Company shall not cause the Member or any such other member to cease to be a member of the Company, and upon the occurrence of such an event, the Company shall continue without dissolution. Limited Liability Company Agreement Xeres Whale Interests LLC

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tarantula Ventures LLC)

Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a Bankruptcy Action by or with respect to the Member or any member of the Company shall not cause the Member or any such other member to cease to be a member of the Company, and upon the occurrence of such an event, the Company shall continue without dissolution. Limited Liability Notwithstanding any other provision of this agreement, the Member waives any right it might have to agree in writing to dissolve the Company Agreement Xeres Interests LLCupon a Bankruptcy Action by or with respect to the Member, or the occurrence of an event that causes any member to cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tarantula Ventures LLC)

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Bankruptcy of Member. Notwithstanding any other provision of this Agreement, a (i) the Bankruptcy Action by or with respect to the of any Member or any member of the Company a Special Member shall not cause the such Member or any such other member Special Member, respectively, to cease to be a member of the Company, Company and upon the occurrence of such an event, the Company shall continue without dissolution. Limited Liability ; and (ii) each Member and each Special Member waives any right it might have to agree in writing to dissolve the Company Agreement Xeres Interests LLCupon the Bankruptcy of a Member or a Special Member or the occurrence of an event that causes a Member or a Special Member to cease to be member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stockbridge/Sbe Investment Company, LLC)

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