Common use of Bankruptcy of the Member Clause in Contracts

Bankruptcy of the Member. The bankruptcy of the Member will not cause the Member to cease to be a member of the Company and upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 22 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (DCT Chino LLC), Limited Liability Company Agreement (DCT Chino LLC)

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Bankruptcy of the Member. The bankruptcy (as defined in Sections 18-101(1) and 18-304 of the Act) of the Member will shall not cause the Member to cease to be a member of the Company and and, upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.), Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.), Limited Liability Company Agreement (Diamond Offshore Drilling, Inc.)

Bankruptcy of the Member. The bankruptcy Notwithstanding any other provision of this Agreement, the Bankruptcy of a Member will shall not cause the such Member to cease to be a member of the Company and and, upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (ET Wayne Finance, L.L.C.), Limited Liability Company Agreement (ET Wayne Finance, L.L.C.), Limited Liability Company Agreement (ET Wayne Finance, L.L.C.)

Bankruptcy of the Member. The bankruptcy Notwithstanding any other provision of this Agreement, the occurrence or continuation of a Bankruptcy of a Member will shall not cause the such Member to cease to be a member of the Company Company, and upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 2 contracts

Samples: Liability Company Agreement, Liability Company Agreement (Sabine Pass Liquefaction, LLC)

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Bankruptcy of the Member. The bankruptcy (as, defined in Sections 18-101(1) and 18-304 of the Act) of the Member will shall not cause the Member to cease to be a member of the Company and and, upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.)

Bankruptcy of the Member. The bankruptcy of the any Member will not cause the Member to cease to be a member of the Company and upon the occurrence of such an event, the business of the Company shall continue without dissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capmark Finance Inc.)

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