Causes of Dissolution Clause Samples

Causes of Dissolution. The Partnership shall be dissolved upon the first to occur of the following: (a) December 31, 2059; (b) the withdrawal, Incapacity or Bankruptcy of the General Partner or the occurrence of any other event which causes the General Partner to cease to be a general partner of the Partnership under the Act, unless the Partnership is continued in accordance with the Act; (c) the sale or other disposition of all of the Partnership Assets, or the dissolution and liquidation of the Parent in accordance with the Parent LP Agreement; (d) the decree of the dissolution of the Partnership by a court of competent jurisdiction; and (e) at any time there are no limited partners of the Partnership; provided, that the Partnership would not be dissolved as a result of the foregoing if the General Partner determines that it is in the best interests of the Partnership or the Partners to continue the Partnership’s existence (to the extent permissible under the Act). To the fullest extent permitted by law, the Partners agree that no act, thing, occurrence, event or circumstance shall cause or result in the dissolution or termination of the Partnership except as provided above in this Section 10.1.

Causes of Dissolution. The partnership shall be dissolved on the happening of any of the following events: 1. ▇▇▇▇▇▇▇▇▇▇, retirement, or expulsion of any partner; 2. Death, disablility, or bankruptcy, of any partner; 3. Incapacity of any partner to continue in the practice of law in Georgia, whether by physical or mental incapacity, suspension, or disbarment; or 4. Unanimous agreement of the parties.

Causes of Dissolution. The LLC shall be dissolved and terminated upon the earlier happening of the following: (a) An Event of Default has occurred as described in Section 10.1 the non-defaulting Members elect to dissolve the LLC as provided in Section 10.3 hereof; (b) The sale or other disposition of all or substantially all of the assets and properties of the LLC; or (c) The Members mutually agree to dissolve and terminate the LLC.

Causes of Dissolution. The Partnership shall be dissolved upon the earliest of: (a) The expiration of its Term as provided in this Agreement; (b) The unanimous determination by all of the General Partners in their sole discretion to dissolve; (c) The entry of a decree of judicial dissolution; (d) The failure by the General Partners to agree on any additional capital commitments pursuant to Section 3.2 hereof; or (e) Any act or event specified in the Uniform Act ss. 17-801 or any successor provision thereto.

Causes of Dissolution. The company will dissolve on the earliest of the following events: (a) the expiration of the period of time for the company and other members to elect to purchase the ownership shares of a dissociating member if neither the company nor the other members have exercised this election; (b) approval of a dissolution of the company by unanimous consent of the members; or (c) at such time as the company has no members.

Causes of Dissolution. The Company shall dissolve upon the occurrence of any of the following events: the election to dissolve the Company by the Members’ Approval or as otherwise provided or authorized in the Transaction Documents. Notwithstanding anything to the contrary in the Act, no other act or event shall cause a dissolution of the Company.

Causes of Dissolution. The Company shall be dissolved only in the event: a. Of the death, removal, liquidation, dissolution, withdrawal or bankruptcy of any Member; b. That all or substantially all of the Company's non-cash property is sold or otherwise transferred to any person which is not controlled by the Company; c. That the Members mutually agree to terminate the Company; d. That the Company by its terms, as set forth in this Agreement, is terminated; e. That there is a general assignment of the assets of the Company for the benefit of its creditors, or the adjudication of the Company as bankrupt; or f. That the Company is dissolved by operation of law.

Causes of Dissolution. (A) The Company has perpetual existence and does not terminate except as set out in Section 6.1(B). (B) Notwithstanding the provisions of Section 6.1(A), the Company terminates and must be dissolved upon the earlier occurrence of any of the following events: (i) the entry of a decree of dissolution by the Delaware Court of Chancery under Section 18-802 of the Act; (ii) the business of the Company is determined to be illegal by a court of competent jurisdiction; (iii) rescission of this Agreement; or (iv) the Sole Member elects to dissolve the Company.

Causes of Dissolution. The partnership shall be dissolved on the happening of any of the following events: 1. Termination of the undertaking specified herein; 2. Withdrawal or retirement of any Partner provided the remaining Partner has the ability and resources to carry on the partnership without the retiring or withdrawing Partner, as more fully described in paragraph IX herein; 3. Death, disability, or bankruptcy of any Partner; or 4. Unanimous consent of the Partners.