PURCHASE OF DISSOCIATED MEMBER'S MEMBERSHIP INTEREST. Upon the Dissociation of a Member, if the Majority of the Remaining Members elect to continue the business of the Company, a Majority of the Remaining Members shall, subject to the provisions of the Act, elect one of the two following provisions:
Appears in 2 contracts
Samples: Operating Agreement (NHP Inc), Operating Agreement (NHP Inc)
PURCHASE OF DISSOCIATED MEMBER'S MEMBERSHIP INTEREST. Upon the Dissociation of a Member, if the Majority of when the Remaining Members elect to continue the business of the Company, a Majority of the Remaining Members shall, subject to the provisions of the Act, elect one of the two following provisions:
Appears in 1 contract
Samples: Operating Agreement (Fibermark Office Products LLC)
PURCHASE OF DISSOCIATED MEMBER'S MEMBERSHIP INTEREST. Upon the Dissociation of a Member, if the Majority of the Remaining Members elect to continue the business of the Company, a Majority of the Remaining Members shall, subject to the provisions of the Act, elect one of the two following provisions:
Appears in 1 contract
Samples: Operating Agreement (NHP Inc)
