Dissolution of Company. The Company shall be dissolved by (i) a resolution adopted by a majority of the Directors followed by notice of dissolution to the Holders of the Interests in the Company, (ii) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a manner permitted by the Act, or (iii) a decree of judicial dissolution under Section 18-802 of the Act.
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Sources: Limited Liability Company Agreement (Master Value Opportunities LLC), Limited Liability Company Agreement (Master Basic Value LLC), Limited Liability Company Agreement (Master Focus Growth LLC)
Dissolution of Company. The Company shall be dissolved by (i) a resolution adopted by a majority upon the happening of either of the Directors followed by notice of dissolution to following events:
(a) the Holders vote of the Interests in Members holding not less than the Majority Interest of the Members to dissolve the Company, ;
(iib) the termination entry of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a manner permitted by the Act, or (iii) a decree of judicial dissolution under Section 18-18- 802 of the Act. A Member shall not take any voluntary action which directly causes a Dissolution of the Company.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Ace Hardware Corp)
Dissolution of Company. The Company shall be dissolved by (i) a resolution adopted by a majority upon the happening of either of the Directors followed by notice of dissolution to following events:
(a) the Holders approval of the Interests in Board of Managers to dissolve the Company, ;
(iib) the termination entry of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a manner permitted by the Act, or (iii) a decree of judicial dissolution under Section 18ss.18-802 of the Act; or
(c) the unanimous vote of the Members.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Blue Rhino Corp)
Dissolution of Company. The Company shall be dissolved by (i) a resolution adopted by a majority of the Directors followed by notice of dissolution to the Holders of the Interests in the Company, (ii) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a manner permitted by the Act, or (iii) a decree of judicial dissolution under Section 18-802 of the Act.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Master Institutional Money Market LLC)
Dissolution of Company. The Company shall be dissolved by upon:
(ia) the adoption of a resolution adopted by a majority of the Directors followed by notice plan of dissolution to by the Holders of the Interests in the Company, Initial Member;
(iib) the termination entry of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a manner permitted by the Act, or (iii) a decree of judicial dissolution under Section 18-802 dissolution; or
(c) the sale or other disposition of all of the Actassets of the Company.
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