Examples of Event of Dissociation in a sentence
The Member with respect to whom an Event of Dissociation occurs is sometimes referred to in this Agreement as a “Withdrawing Member.” Except as otherwise set forth in this Section 14.1, upon the occurrence of any Event of Dissociation, the Withdrawing Member shall immediately cease to be a Member of the Company.
The valuation date shall be the last day of the month preceding the date of the occurrence of the first Event of Dissociation with respect to the Withdrawing Member.
An Event of Dissociation shall constitute and operate without more, as a full and complete release of all claims by such Withdrawing Member and all others claiming in such Withdrawing Member’s right, against the Company, its Members, assets, and distributable income, except as respects the amounts payable to such Member under Section 14.2 below.
Unless otherwise agreed by the parties, such Closing shall be within one hundred eighty (180) days after the date of the Event of Dissociation triggering such buy-out, and such Closing shall be in-person at the offices of the attorney for the Company in Atlanta, Georgia or at such other place or by other means as agreed to by the applicable parties.