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Common use of Effect of Withdrawal Clause in Contracts

Effect of Withdrawal. The Company shall not be dissolved by the dissolution or other event of withdrawal of a Member if any Member remains to carry on the business of the Company.

Appears in 53 contracts

Sources: Operating Agreement, Operating Agreement (EarthLink Holdings, LLC), Operating Agreement (CSL Capital, LLC)

Related Clauses

  • Right of withdrawal
  • Notice of Withdrawal
  • Effect of Dissolution
  • Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner
  • Procedure Upon Termination of Trust Fund

Parent Clauses

  • Withdrawal
  • Withdrawal of Member and Transfer of Interests
  • Withdrawal and Termination
  • Compliance with Laws
  • Miscellaneous

Sub-Clauses

  • Disputes
  • Negotiation to Resolve Disputes
  • Continued Funding and Technology Contribution Commitment
  • Rights of a Consortium Member
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