Continuation of the Limited Liability Company Sample Clauses

Continuation of the Limited Liability Company. The parties hereto agree that the LLC Agreement shall continue in full force and effect, subject to Assignee’s unconditional ability to amend or restate the LLC Agreement following the Closing, and the assignment of the Membership Interests and the withdrawal of Assignor as a member of the Limited Liability Company shall not dissolve, or require the dissolution of, the Limited Liability Company. The Limited Liability Company hereby approves, consents, and agrees to the transactions contemplated by this Assignment, including the admission of Assignee as a member of the Limited Liability Company and the withdrawal of Assignor as a member of the Limited Liability Company.
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Continuation of the Limited Liability Company. The parties hereto agree that the LLC Agreements shall continue in full force and effect, subject to Assignee’s unconditional ability to amend or restate the LLC Agreements following the Closing, and the assignment of the Membership Interests and the withdrawal of Assignor as a member of each Assigned Company shall not dissolve, or require the dissolution of, such Assigned Company.
Sample 1
Continuation of the Limited Liability Company 
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Related to Continuation of the Limited Liability Company

  • Formation of Limited Liability Company The Company was formed on January 13, 2017, pursuant to the Delaware Limited Liability Company Act, 6 Del. C. § 18-101, et seq., as amended from time to time (the “Delaware Act”), by the filing of a Certificate of Formation of the Company with the office of the Secretary of the State of Delaware. The rights and obligations of the Member and the administration of the Company shall be governed by this Agreement and the Delaware Act. To the extent this Agreement is inconsistent in any respect with the Delaware Act, this Agreement shall control.

  • Limited Liability Company The Member intends to form a limited liability company and does not intend to form a partnership under the laws of the State of Delaware or any other laws.

  • Limited Liability of Limited Partners (1) Each Unit of Limited Partnership Interest, when purchased by a Limited Partner, subject to the qualifications set forth below, shall be fully paid and non-assessable.

  • Partnership and Limited Liability Company Interests Except as previously disclosed to the Administrative Agent, none of the Collateral consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset.

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