Dissolution of Company. The Company shall, subject to the SEC’s approval, dissolve and its assets and business shall be wound up upon the occurrence of any of the following events: (a) unanimous written consent of the Participants to dissolve the Company; (b) an event that makes it unlawful or impossible for the Company business to be continued; (c) the termination of one or more Participants such that there is only one remaining Participant; or (d) the entry of a decree of judicial dissolution under Section 18-802 of the Delaware Act.
Appears in 12 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Dissolution of Company. The Company shall, subject to the SEC’s SEC’s approval, dissolve and its assets and business shall be wound up upon the occurrence of any of the following events:
(a) unanimous written consent of the Participants to dissolve the Company; be continued;
(b) an event that makes it unlawful or impossible for the Company business to be continued;to
(c) the termination of one or more Participants such that there is only one remaining Participant; or
(d) the entry of a decree of judicial dissolution under Section 18-802 of the Delaware Act.
Appears in 5 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Dissolution of Company. The Company shall, subject to the SEC’s SEC’s approval, dissolve and its assets and business shall be wound up upon the occurrence of any of the following events:
(a) unanimous written consent of the Participants to dissolve the Company;
(b) an event that makes it unlawful or impossible for the Company business to be continued;
(c) the termination of one or more Participants such that there is only one remaining Participant; or
(d) the entry of a decree of judicial dissolution under Section 18-802 of the Delaware Act.
Appears in 5 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Dissolution of Company. The Company shall, subject to the SEC’s approval, dissolve and its assets and business shall be wound up upon the occurrence of any of the following events:
(a) unanimous written consent of the Participants to dissolve the Company; be continued;
(b) an event that makes it unlawful or impossible for the Company business to be continued;to
(c) the termination of one or more Participants such that there is only one remaining Participant; or
(d) the entry of a decree of judicial dissolution under Section 18-802 of the Delaware Act.
Appears in 1 contract
Sources: Limited Liability Company Agreement