Common use of Cessation of Membership Clause in Contracts

Cessation of Membership. A Member shall cease to be a Member only by the bankruptcy, dissolution or liquidation of such Member or any other Member, or by the transfer by the Member of all of its limited liability company interests in the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD)

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Cessation of Membership. A The Member shall cease to be a Member only by the bankruptcy, bankruptcy or dissolution or liquidation of such Member or any other Member, or by the transfer by the Member of all of its limited liability company interests in the Company.

Appears in 3 contracts

Samples: Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Global Sales & Marketing Ltd.)

Cessation of Membership. 8.1.1. A Member shall cease ceases to be a Member only by (i) the bankruptcydeath, bankruptcy or dissolution or liquidation of such Member or any other the retirement, expulsion or resignation of such Member from LLC or (ii) the disposition of such Member, or by the transfer by the Member of all of its limited liability company interests in the Company’s LLC Interest as permitted hereunder.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Yeah Iptv), Limited Liability Company Agreement (Yeah Iptv)

Cessation of Membership. A Member shall cease to be a Member only by the bankruptcy, dissolution or liquidation of such Member or any other Member, or by the transfer Transfer by the Member of all of its limited liability company interests Units in the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Luxembourg Investment S.a r.l.)

Cessation of Membership. A The Member shall cease to be a member of the Company only upon the Member’s dissolution. The Member only by the bankruptcy, dissolution or liquidation of such Member or shall not cease to be a member for any reason other Member, or by the transfer by the Member of all of its limited liability company interests in the Companythan as specifically provided herein.

Appears in 1 contract

Samples: Operating Agreement

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Cessation of Membership. (a) A Member shall cease ceases to be a Member only by (i) the bankruptcydeath, bankruptcy or dissolution or liquidation of such Member or any other the retirement, expulsion or resignation of such Member from LLC or (ii) the disposition of such Member, or by the transfer by the Member of all of its limited liability company interests in the Company’s LLC Interest as permitted hereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Yeah Iptv)

Cessation of Membership. A The Member shall cease to be a Member only by the bankruptcy, bankruptcy or dissolution or liquidation of such Member or any other Member, or by the transfer by the Member of all of its limited liability company interests in the Company.. ARTICLE XI

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Global Sales & Marketing Ltd.)

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