No Dissolution. The Company shall not be dissolved by the admission of Securityholders. The death, insanity, retirement, resignation, expulsion, bankruptcy or dissolution of a Securityholder, or the occurrence of any other event which terminates the continued membership of a Securityholder in the Company, shall not in and of itself cause the Company to be dissolved and its affairs wound up. Upon the occurrence of any such event, the business of the Company shall be continued without dissolution. The bankruptcy of a Securityholder (as defined in Section 18-101(1) and 18-304 of the Delaware Act) shall not cause a Securityholder to cease to be a member of the Company. Notwithstanding any other provision of this Agreement, each Securityholder waives any right it might have under the Delaware Act to agree in writing to dissolve the Company upon the bankruptcy of a Securityholder, or the occurrence of an event that causes a Securityholder to cease to be a member of the Company.
Appears in 9 contracts
Samples: Administration Agreement (UBS Preferred Funding Trust VIII), Administration Agreement (Ubs Preferred Funding Trust Iv), Limited Liability Company Agreement (Ubs Preferred Funding Trust Iii)
No Dissolution. The Company shall not be dissolved by the admission of Securityholders. The death, insanity, retirement, resignation, expulsion, bankruptcy or dissolution of a Securityholder, or the occurrence of any other event which terminates the continued membership of a Securityholder in the Company, shall not in and of itself cause the Company to be dissolved and its affairs wound up. Upon the occurrence of any such event, the business of the Company shall be continued without dissolution. The bankruptcy Bankruptcy of a Securityholder (as defined in Section 18-101(1) and 18-304 of the Delaware Act) shall not cause a Securityholder to cease to be a member of the Company, and upon the occurrence of any such event the existence of the Company shall continue without dissolution. Notwithstanding any other provision of this Agreement, each Securityholder waives any right it might have under the Delaware Act to agree in writing to dissolve the Company upon the bankruptcy Bankruptcy of a Securityholder, or the occurrence of an event that causes a Securityholder to cease to be a member of the Company.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Deutsche Bank Contingent Capital LLC V), Limited Liability Company Agreement (Deutsche Bank Aktiengesellschaft), Limited Liability Company Agreement (Deutsche Bank Capital Funding LLC IX)
No Dissolution. The Company shall not be dissolved by the admission of Securityholders. The death, insanity, retirement, resignation, expulsion, bankruptcy or dissolution of a Securityholder, or the occurrence of any other event which terminates the continued membership of a Securityholder in the Company, shall not in and of itself cause the Company to be dissolved and its affairs wound up. Upon the occurrence of any such event, the business of the Company shall be continued without dissolution. The bankruptcy of a Securityholder (as defined in Section 18-101(1) and 18-304 of the Delaware Act) shall not cause a Securityholder to cease to be a member of the Company. Notwithstanding any other provision of this Agreement, each Securityholder waives any right it might have under the Delaware Act to agree in writing to dissolve the Company upon the bankruptcy Bankruptcy of a Securityholder, or the occurrence of an event that causes a Securityholder to cease to be a member of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Co LLC I)
No Dissolution. The Company shall not be dissolved by the admission of Securityholders. The death, insanity, retirement, resignation, expulsion, bankruptcy or dissolution of a Securityholder, or the occurrence of any other event which terminates the continued membership of a Securityholder in the Company, shall not in and of itself cause the Company to be dissolved and its affairs wound up. Upon the occurrence of any such event, the business of the Company shall be continued without dissolution. The bankruptcy of a Securityholder (as defined in Section Sections 18-101(1) and 18-304 of the Delaware Act) shall not cause a Securityholder to cease to be a member of the Company. Notwithstanding any other provision of this Agreement, each Securityholder waives any right it might have under the Delaware Act to agree in writing to dissolve the Company and upon the bankruptcy of a Securityholder, or the occurrence of an any such event that causes a Securityholder to cease to be a member the existence of the CompanyCompany shall continue without dissolution.
Appears in 1 contract
Samples: Abn Amro Bank Nv
