Dissolution Triggers Sample Clauses

Dissolution Triggers. The LLC shall dissolve only upon the first to occur of any of the following events: (a) Upon the delivery for filing with the Secretary of State of a Statement of Commencement of Winding Up of the LLC pursuant to Act Section 14-1▇-▇▇▇. (b) The entry of a decree of judicial dissolution under Act Section 14-11-603(a).

Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events: (a) The determination by all the Managers serving on the Board that the LLC should be dissolved; or (b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act.

Dissolution Triggers. The Company shall dissolve upon the first occurrence of the following events: (i) The determination by a Unitholder Majority that the Company should be dissolved (subject to obtaining all other approvals required pursuant to Section 4 hereof); or (ii) The entry of a decree of judicial dissolution or the administrative dissolution of the Company as provided in the Delaware Act.

Dissolution Triggers. The Company shall dissolve only upon the first to occur of any of the following events: (a) Upon the delivery for filing with the Secretary of State of the State of South Carolina Articles of Termination of the Company pursuant to Section ▇▇-▇▇-▇▇▇ of the Act following the determination by the Member to dissolve the Company. (b) The entry of a decree of administrative dissolution under Section ▇▇-▇▇-▇▇▇ of the Act.

Dissolution Triggers. The Partnership shall dissolve only upon the first to occur of any of the following events: (a) The vote of the General Partner and a majority in interest of the Limited Partners. (b) The entry of a decree of judicial dissolution or the administrative dissolution of the Partnership as provided in the Act (unless remedied). (c) The failure to elect a new General Partner pursuant to Section 5.1 withing ninety (90) days after the sole remaining General Partner has ceased to be a General Partner. None of the other events set forth in the Act shall cause the dissolution of the Partnership.

Dissolution Triggers. The LLC shall dissolve only upon the first to occur of any of the following events: (a) The unanimous vote of the Members. (b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act. (c) The sale of all or substantially all of the assets of the LLC in a single transaction or in a series of related transactions, unless within forty-five (45) days following the sale transaction(s) the Majority Member decides to continue the LLC without dissolution.

Dissolution Triggers. 27 SECTION 9.2

Dissolution Triggers. The LLC shall dissolve only upon the first to occur of any of the following events: (a) The vote of the Members following the recommendation of dissolution by the Manager. (b) The entry of a decree of judicial dissolution under Act Section 18-802. (c) The sale or other disposition of all or substantially all of the assets of the LLC in accordance with this Agreement. (d) At any time after the sixth (6th) anniversary of the date hereof, if at such time the Class A Capital is equal to or greater than $7.5 million and holders of at least a majority of Class A Units then outstanding vote to dissolve the LLC and provide notice of such vote to the Manager; provided, however, that in the event that such a vote and resulting dissolution of the LLC would result in an event of default or an incipient default under any then existing indebtedness of the LLC or any Subsidiary with an outstanding balance of $10 million or more, then such majority vote shall not cause the dissolution of the LLC, but rather shall constitute notice by the holders of the Class A Units to the Manager that such holders desire that the Manager promptly arrange the sale of the LLC (including its Subsidiaries) or a sale of all or substantially all of its assets.

Dissolution Triggers. The Company shall dissolve upon the first occurrence of the following events: (a) The determination by the Board and the Requisite Members that the Company should be dissolved; (b) The entry of a decree of judicial dissolution or the administrative dissolution of the Company as provided in the Act; or (c) In the event that: (i) within 60 days of the contribution of the 50,000,000 shares of YERR common stock, the Common Member does not close its $500 million USD of committed financing, with an allocation of $50 million USD to the Preferred B Member (to be held by the Preferred B Member for the purposes of its NASDAQ up-listing and then when no longer needed for such purpose used for construction of the Project) and an additional $150 million USD to be held in escrow to be disbursed for construction of the Project in 2017, or otherwise procure such funds for the Preferred Member; or (ii) by September 30, 2017, the Contribution has not occurred and the Company has not obtained the financing it is required to obtain in the YERR Contribution Agreement.