Common use of Death of a Member Clause in Contracts

Death of a Member. The death of any Member shall not cause the dissolution of the Company. In such event the Company and its business shall be continued by the remaining Member or Members.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Language Line Services Holdings, Inc.), Operating Agreement (ALST Casino Holdco, LLC), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)

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Death of a Member. The death of any Member shall not cause the dissolution of the Company. In such event event, the Company and its business shall be continued by the remaining Member or Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Muzak Holdings Finance Corp)

Death of a Member. The death of any Member shall not cause the ----------------- dissolution of the Company. In such event the Company and its business shall be continued by the remaining Member or Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Muzak Finance Corp)

Death of a Member. The death of any Member shall not cause the dissolution ----------------- of the Company. In such event event, the Company and its business shall be continued by the remaining Member or Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Muzak Finance Corp)

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Death of a Member. The death of any a Member shall not cause the a dissolution of the Company. In Upon the death of a Member, the rights of such event Member to share in the Company profits and its business losses, to receive distributions of Company funds and to transfer his or her Unit(s) and Interest in the Company shall be continued by descend to and vest in his or her personal representatives or successors-in-interest, subject to the remaining Member or Membersterms and conditions of this Agreement, and the Company shall continue as a limited liability company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Resource America Inc)

Death of a Member. The death of any a Member shall will not cause the dissolution of operate to dissolve the Company. In such event Upon the death of a Member, the Company and shall continue to conduct its business shall be continued and the Units owned by the remaining deceased Member will thereby be transferred pursuant to such Member’s will or Membersby operation by law, as the case might be, subject to the terms hereof.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (SFX Entertainment, INC)

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