Common use of Disability of Member Clause in Contracts

Disability of Member. Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

Appears in 171 contracts

Samples: Sole Member Operating Agreement, Sole Member Operating Agreement, Sole Member Operating Agreement

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Disability of Member. Upon the disability of a the Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

Appears in 54 contracts

Samples: Single Member Operating Agreement, Single Member Operating Agreement, Single Member Operating Agreement

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Disability of Member. Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's ’s Interests and Capital Account of the Member have been transferred or distributed.. c.)

Appears in 1 contract

Samples: Operating Agreement

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