Common use of Period of Duration Clause in Contracts

Period of Duration. The Company will remain in existence until the Company is dissolved. If a Member dies, resigns, is expelled, becomes bankrupt, dissolves, or has the Member’s membership in the Company otherwise terminated, the Company will continue its operations and no dissolution of the Company will take place until it is otherwise dissolved.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement (Slingshot USA LLC), Operating Agreement

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Period of Duration. The Company will remain in existence until the Company is dissolved. If a Member dies, resigns, is expelled, becomes bankrupt, dissolves, or has the Member’s 's membership in the Company otherwise terminated, the Company will continue its operations and no dissolution of the Company will take place until it is otherwise dissolved. 2.6.

Appears in 1 contract

Samples: Operating Agreement (Slingshot USA LLC)

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