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 and the Units owned by the deceased Member shall automatically be transferred to such Member’s heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver to the Company a counterpart of this Agreement).
Appears in 3 contracts
Samples: Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.)
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 and the Units Shares owned by the deceased Member shall automatically be transferred to such Member’s 's heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to this Agreement substantially in the Company a counterpart form of this AgreementExhibit B attached hereto).
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Teekay Offshore Partners L.P.), Limited Liability Company Agreement (Teekay Offshore Partners L.P.), Limited Liability Company Agreement (Teekay 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 and the Units owned by the deceased Member shall automatically be transferred to such Member’s heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to this Agreement substantially in the Company form of Exhibit A attached hereto (a counterpart of this Agreement“Joinder”)).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Hc2 Holdings, Inc.), Agreement (Hc2 Holdings, Inc.)
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 and the Units owned by the deceased Member shall automatically be transferred to such Member’s heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to this Agreement acceptable to the Company a counterpart of this AgreementBoard).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ElectroCore, LLC), Limited Liability Company Agreement (ElectroCore, LLC)
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 and the Units Equity Interest owned by the deceased Member shall automatically be transferred to such Member’s 's heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to this Agreement substantially in the Company a counterpart form of this AgreementExhibit B attached hereto).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Altera Infrastructure L.P.)
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 and the Units Equity Interest owned by the deceased Member shall automatically be transferred to such Member’s 's heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to this Agreement substantially in the Company a counterpart form of this AgreementExhibit B attached hereto).. 4.5
Appears in 1 contract
Samples: Limited Liability Company Agreement (Altera Infrastructure L.P.)
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 and the Units Shares owned by the deceased Member shall automatically be transferred to such Member’s heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to this Agreement substantially in the Company a counterpart form of this AgreementExhibit B attached hereto).
Appears in 1 contract
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 and the Units owned by the deceased Member shall automatically be transferred to such Member’s heirs subject to the terms and conditions of this Agreement (provided that, within a reasonable time after such transfer, the applicable heirs shall sign and deliver a joinder to the Company a counterpart of this Agreement).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Minn Shares Inc)
