Common use of Commencement and Term Clause in Contracts

Commencement and Term. The term of the LLC commenced at the Effective Time with the LLC being the successor in interest by conversion to the Partnership. The term of the LLC shall continue until it is dissolved, its affairs are wound up and final liquidating distributions are made pursuant to this Agreement. Except as otherwise provided herein, the LLC shall have perpetual existence.

Appears in 9 contracts

Samples: Operating Agreement (Digital Television Services of Kansas LLC), Operating Agreement (Digital Television Services of Kansas LLC), Operating Agreement (Digital Television Services of Kansas LLC)

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Commencement and Term. The term of the LLC commenced at the Effective Time with the LLC being the successor in interest by conversion to the PartnershipTime. The term of the LLC shall continue until it is dissolved, its affairs are wound up and final liquidating distributions are made pursuant to this Agreement. Except as otherwise provided herein, the LLC shall have perpetual existence.

Appears in 1 contract

Samples: Operating Agreement (Digital Television Services of Indiana LLC)

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