Common use of Causes of Dissolution Clause in Contracts

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.

Appears in 2 contracts

Sources: Investor Operating Agreement, Investor Operating Agreement

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 or the other members have has 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.

Appears in 1 contract

Sources: Operating Agreement

Causes of Dissolution. The company Company will dissolve on the earliest of the following events: (a) the expiration of the period of time for the company Company and other members Members to elect to purchase the ownership shares interest of a dissociating member Dissociating Member if neither the company Company nor the other members have Members has exercised this the 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.;

Appears in 1 contract

Sources: Operating Agreement