Termination of Company. No Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Articles 9 and 10 hereof, any Member may Transfer its Units in the Company to an Assignee and an Assignee may become a Member in place of the Member which assigned its Units. If any Member ceases to be a Member for any reason, the business of the Company shall be continued by the remaining Members.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp)
Termination of Company. No Member shall resign or withdraw from the ----------------------- Company except that, subject to the restrictions set forth in Articles 9 and 10 ----------------- hereof, any Member may Transfer its Units in the Company to an Assignee and an Assignee may become a Member in place of the Member which assigned its Units. If any Member ceases to be a Member for any reason, the business of the Company shall be continued by the remaining Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Penn Octane Corp)
