Common use of Incapacity of Member Clause in Contracts

Incapacity of Member. The Incapacity of a Member or occurrence of -------------------- any other event that terminates the continued membership of a Member in the Company shall not dissolve or terminate the Company. In the event of such Incapacity, provided the transfer of the Member's Units complies with Section 7.1, the executor, administrator, guardian, trustee or other personal representative or successor in interest of the Member affected by such Incapacity shall be deemed to be the assignee of such Member's Units and may, subject to Section 7.2, become a substituted Member.

Incapacity of Member. The Incapacity of a Member or occurrence of -------------------- any other event that terminates the continued membership of a Member in the Company shall not dissolve or terminate the Company. In the event of such Incapacity, provided the transfer of the Member's Units Interest complies with Section 7.1, the executor, administrator, guardian, trustee or other personal representative or successor in interest of the Member affected by such Incapacity shall be deemed to be the assignee of such Member's Units Interest and may, subject to Section 7.2, become a substituted Member.

Incapacity of Member. The Incapacity of a Member or occurrence of any -------------------- any other event that terminates the continued membership of a Member in the Company shall not dissolve or terminate the Company. In the event of such Incapacity, provided the transfer of the Member's Units complies with Section 7.1, the executor, administrator, guardian, trustee or other personal representative or successor in interest of the Member affected by such Incapacity shall be deemed to be the assignee of such Member's Units and may, subject to Section 7.2, become a substituted Member.