Termination of Interest. Subject to Article XX of this Agreement, a Member's continued membership in Member Newco shall terminate upon the: (a) acquisition of the Member's complete Membership Interest by Member Newco; (b) bankruptcy of the Member; (c) dissolution of the Member; (d) a merger in which Member Newco is not the surviving entity; (e) an attempt by the Member to withdraw or retire from being a Member in violation of Section 15.02 below; or (f) the occurrence of any other event under the Act or applicable law that terminates the continued membership of the Member in Member Newco.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (CBL & Associates Properties Inc), Master Transaction Agreement (CBL & Associates Properties Inc)