Continuation of the LLC. The occurrence of an Event of Withdrawal shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 or any successor thereto) of the remaining Member(s).
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Success Acquisition Corp), Limited Liability Company Agreement (Success Acquisition Corp), Limited Liability Company Agreement (Success Acquisition Corp)
Continuation of the LLC. The Notwithstanding the provisions of Section 5.1(c) hereof, the occurrence of an Event of Withdrawal shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 or any successor thereto) of the remaining Member(s).
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Success Acquisition Corp), Limited Liability Company Agreement (Success Acquisition Corp), Limited Liability Company Agreement (Success Acquisition Corp)
Continuation of the LLC. The Notwithstanding the provisions of Section 5.1(b) hereof, the occurrence of an Event of Withdrawal with respect to the Initial Member shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 94-46 or any successor theretohereto) of the remaining Member(s).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Knowles Electronics LLC)
Continuation of the LLC. The Notwithstanding the ----------------------- provisions of Section 5.1(c) hereof, the occurrence of an Event of Withdrawal shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 or any successor thereto) of the remaining Member(s).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Alliance Laundry Holdings LLC)
Continuation of the LLC. The Notwithstanding the provisions of Section 5.1(b) hereof, the occurrence of an Event of Withdrawal with respect to the Initial Member shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 94-46 or any successor thereto) of the remaining Member(s).
Appears in 1 contract
Samples: Limited Liability Company Agreement (TWP Capital Corp Ii)
Continuation of the LLC. The Notwithstanding the provisions of SECTION 5.1(c) hereof, the occurrence of an Event of Withdrawal shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 or any successor thereto) of the remaining Member(s).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Norcross Capital Corp)
Continuation of the LLC. The occurrence of an Event of Withdrawal shall not dissolve the LLC if within ninety (90) days after the occurrence of such Event of Withdrawal, Withdrawal the business of the LLC is continued by the agreement of remaining Member(s) holding not less than a majority in interest (as defined in Revenue Procedure 94.46 or any the successor thereto) of to the remaining Member(s)Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Success Acquisition Corp)
