Dissolving Events. Notwithstanding the Act, the Company shall be dissolved only upon the earlier to occur of one of the following events: (a) upon the expiration of the Term of this Agreement Company pursuant to Section 2.5; or (b) upon the sale of all or substantially all of the assets of the Company. The dissolution of the Company by any action not specifically set forth above shall be a dissolution in breach and in contravention of this Agreement.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Commonwealth Energy Corp), Limited Liability Company Agreement (Commonwealth Energy Corp)