Common use of Effectiveness of Dissolution Clause in Contracts

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 11 contracts

Sources: Limited Liability Company Agreement (Great Elm Capital Corp.), Limited Liability Company Agreement (Great Elm Capital Corp.), Limited Liability Company Agreement (iMedia Brands, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.04.

Appears in 8 contracts

Sources: Limited Liability Company Agreement (StratCap Digital Infrastructure REIT, Inc.), Limited Liability Company Agreement (Lendway, Inc.), Limited Liability Company Agreement (Strategic Wireless Infrastructure Fund Ii, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.04.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.049.04.

Appears in 5 contracts

Sources: Subscription Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 10.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.04.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Canopy Growth Corp), Limited Liability Company Agreement (Canopy Growth Corp), Limited Liability Company Agreement (Canopy Growth Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.4.

Appears in 3 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Effectiveness of Dissolution. Dissolution of the Company shall will be effective on the day on which the event described in Section 12.01 12.1 occurs, but the Company shall will not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 12.3 and the Certificate of Formation shall have has been cancelled as provided in Section 12.0412.4.

Appears in 3 contracts

Sources: Operating and Management Agreement (Rocky Mountain High Brands, Inc.), Operating and Management Agreement (Rocky Mountain High Brands, Inc.), Operating and Management Agreement (Rocky Mountain High Brands, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 12.03, and the Certificate Articles of Formation shall have been cancelled as provided in Section 12.04.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Algorhythm Holdings, Inc.), Operating Agreement (Singing Machine Co Inc)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate Articles of Formation Organization shall have been cancelled as provided in Section 12.0413.04.

Appears in 2 contracts

Sources: Operating Agreement (Helpful Alliance Co), Limited Liability Company Agreement (TWO RIVERS WATER & FARMING Co)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 12.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (BKV Corp), Limited Liability Company Agreement (New Era Helium Inc.)

Effectiveness of Dissolution. Dissolution The dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.5 and the Certificate of Formation shall have been cancelled as provided in Section 12.049.6.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (TELUS International (Cda) Inc.), Stock Purchase Agreement (TELUS International (Cda) Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 § 12.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 § 12.3 and the Certificate of Formation shall have has been cancelled as provided in Section 12.04§ 12.4.

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Forterra, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (BIT ORIGIN LTD), Limited Liability Company Agreement (Ternio, LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section ‎Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section ‎Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section ‎Section 12.04.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (ContextLogic Inc.), Limited Liability Company Agreement (ContextLogic Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 and the Amended and Restated Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 2 contracts

Sources: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.), Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.049.4.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Axiall Corp/De/)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 8.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.048.4.

Appears in 1 contract

Sources: Operating Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 Distributed, and the Certificate of Formation shall have been cancelled as provided in Section 12.04cancelled.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Salona Global Medical Device Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 12.03, and the Certificate Articles of Formation Dissolution shall have been cancelled filed with the Secretary of State of the State of Illinois as provided in Section 12.04.

Appears in 1 contract

Sources: Operating Agreement (Csac Acquisition Inc.)

Effectiveness of Dissolution. Dissolution (a)Dissolution of the Company shall be effective on the day on which the event Event of Dissolution described in Section 12.01 10.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.4 and the Certificate Statement of Formation Dissolution shall have been cancelled filed as provided in Section 12.0410.5.

Appears in 1 contract

Sources: Partnership Agreement (Carolina Complete Health Network, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 14.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 14.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0414.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Longeveron LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event Event of Dissolution described in Section 12.01 9.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.4 and the Certificate Statement of Formation Dissolution shall have been cancelled filed as provided in Section 12.049.5.

Appears in 1 contract

Sources: Partnership Agreement (Carolina Complete Health Network, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall will be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall will not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate of Formation shall will have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (NeoGames S.A.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 13.03 and the Certificate of Formation Organization shall have been cancelled as provided in Section 12.0413.04.

Appears in 1 contract

Sources: Operating Agreement (Agrify Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.03 and the Certificate of Formation Articles shall have been cancelled as provided in Section 12.0410.04.

Appears in 1 contract

Sources: Operating Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate Articles of Formation Organization shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Scio Diamond Technology Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.049.05.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Capstone Therapeutics Corp.)

Effectiveness of Dissolution. Dissolution Subject to Section 11.07 and Section 11.08 below, dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Tecogen Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 11.03, and the Certificate of Formation Articles shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Sources: Operating Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 13.03 and the Delaware Act and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.04 and the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (ATN International, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.3, and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.4.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Village Farms International, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate Articles of Formation Dissolution shall have been cancelled filed with the Department of State as provided in Section 12.04.

Appears in 1 contract

Sources: Operating Agreement (BBX Capital Florida LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event first to occur of the events described in Section 12.01 11.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.1.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Grom Social Enterprises, Inc.)

Effectiveness of Dissolution. Dissolution Subject to Section 12.07, dissolution of the Company shall be effective on the day on which the event described in Section 12.01 Event of Dissolution occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Hut 8 Corp.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.1 or 11.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.5 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.6.

Appears in 1 contract

Sources: Operating Agreement (Propell Technologies Group, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate articles of Formation dissolution shall have been cancelled filed as provided in Section 12.04.

Appears in 1 contract

Sources: Operating Agreement (Verb Technology Company, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and 11.03and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (CurrencyWorks Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.3.

Appears in 1 contract

Sources: Joint Venture Agreement (Xeriant, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate Articles of Formation Incorporation shall have been cancelled as provided in Section 12.0413.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Good Hemp, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.4.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Priority Technology Holdings, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Creatd, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation Cancellation shall have been cancelled filed as provided in Section 12.04.

Appears in 1 contract

Sources: Operating Agreement (Atlanticus Holdings Corp)

Effectiveness of Dissolution. Dissolution of the Company shall will be effective on the day on which the event described in Section 12.01 occurs, but the Company shall will not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall will have been cancelled as provided in Section 12.04.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Faraday Future Intelligent Electric Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.th...

Appears in 1 contract

Sources: Contribution Agreement