Dissolution Termination and Liquidation Clause Samples

Dissolution Termination and Liquidation. Dissolution of the Company 31 Section 10.2 Termination of a Series 32

Dissolution Termination and Liquidation. 20 Section 9.1 Events Causing Dissolution ........................20 Section 9.2 Termination .......................................20 Section 9.3 Liquidation .......................................21 Section 9.4 Filing ............................................21 Section 9.5 Distributions in Kind .............................21 Section 9.6

Dissolution Termination and Liquidation. 01Dissolution and Termination.

Dissolution Termination and Liquidation. The Plan shall be dissolved: (1) At the express will of the General Partner, any such dissolution to be effective as of the last day of the calendar month in which occurs such act of dissolution; (2) By any event which makes it unlawful for the business of the Plan to be carried on or for the members to carry it on in limited partnership under the laws of the State of New York; (3) By the bankruptcy of the General Partner or of the Plan; (4) By decree of court for cause shown whenever (i) The General Partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business; or (ii) Other circumstances render a dissolution equitable.

Dissolution Termination and Liquidation. Section 9.1 Events Causing Dissolution. The Company shall be dissolved upon the happening of any Dissolution Event.

Dissolution Termination and Liquidation. OF 14.01

Dissolution Termination and Liquidation. Section 10.1. Events Causing Dissolution of the Company. The first to occur of the following events shall cause a dissolution of the Company: (a) the unanimous consent of the Members to the dissolution of the Company; (b) the sale or exchange of all or substantially all of the Company Property; or (c) the failure of the Company to obtain within six (6) months after the date of this Agreement a binding commitment from a third-party lender for the Facility loan referred to in Section 3.2, unless a Majority in Interest of the Members shall elect in its or their sole discretion (by a signed instrument in writing) to extend such 6-month period for a specified additional period of time, or to continue the Company notwithstanding the failure to obtain such financing commitment. The Company shall continue in existence notwithstanding, and shall not be dissolved by, the termination of any Member’s membership in the Company, so long as there remains another Member of the Company.

Dissolution Termination and Liquidation