Common use of Dissolution Events Clause in Contracts

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has elected to continue the business of the Company); (b) The Member signs a document stating its election to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 5 contracts

Sources: Operating Agreement (Groundfloor Real Estate 3, LLC), Operating Agreement (Groundfloor Yield LLC), Operating Agreement (Groundfloor Yield LLC)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, exchanged or otherwise transferred (unless the Member has elected to continue the business of the Company); (b) The Member signs a document stating its election to dissolve the Company; (c) The entry of a final judgment, order, order or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 4 contracts

Sources: Operating Agreement (Qorvo Texas, LLC), Operating Agreement (Tempur Pedic International Inc), Operating Agreement (Sealy Texas Holdings LLC)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Sole Member has elected to continue the business of the Company); (b) The Sole Member signs a document stating its election to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; orOr (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 2 contracts

Sources: Investor Operating Agreement, Investor Operating Agreement

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has elected to continue the business of the Company);· (b) The Member signs a document stating its election elects to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or; (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Benefit Holding, Inc.)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets Property of the Company are is sold, exchanged, exchanged or otherwise transferred (unless the Member has elected Managers elect to continue the business of the Company); (b) The Member signs A document is signed by a document stating its Majority in Interest of the Members which states their election to dissolve the Company; (c) The entry of a final judgment, order, order or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Operating Agreement (Air T Inc)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has elected to continue the business of the Company); (b) The Member signs a document stating its election to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; orappeal;or (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Operating Agreement (Groundfloor Real Estate 1, LLC)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events:; (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has elected to continue the business of the Company); (b) The Member signs a document stating its election elects to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or; (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Benefit Holding, Inc.)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has elected to continue the business of the Company); (b) The Member signs a document stating its election elects to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or; (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Glacier CORP)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has Members have elected to continue the business of the Company); (b) The Member signs All Members sign a document stating its their election to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; (d) The expiration of the term of the Company (as set forth in Section 1.6); or (de) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Operating Agreement (TMS Inc /Ok/)

Dissolution Events. The Company will be dissolved upon the happening of any of the following events: (a) All or substantially all of the assets of the Company are sold, exchanged, or otherwise transferred (unless the Member has elected to continue the business of the Company); (b) The Member signs a document stating its election elects to dissolve the Company; (c) The entry of a final judgment, order, or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal; or; (d) The entry of a decree of judicial dissolution or the issuance of a certificate for administrative dissolution under the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Medcom Inc /Nj/)