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 11.01 occurs. On the occurrence of an event described in Section 11.01, the Liquidator (or, in the case of a dissolution pursuant to Section 11.01(d), the persons conducting the winding up of the Company’s affairs pursuant to Section 86.495 of NRS) shall file a certificate of dissolution with the California Secretary of State pursuant to Section 86.541 of the NRS, unless such a filing is not required by NRS, 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 11.03, and the Articles of Organization shall have been cancelled as provided in Section 11.04.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (iPower Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 11.01 12.01 occurs. On the occurrence of an event described in Section 11.0112.01, the Liquidator (or, in the case of a dissolution pursuant to Section 11.01(d12.01(d), the persons conducting the winding up of the Company’s affairs pursuant to Section 86.495 17707.04 of NRSRULLCA) shall file a certificate of dissolution with the California Secretary of State pursuant to Section 86.541 17707.08 of the NRSRULLCA, unless such a filing is not required by NRSRULLCA, 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 11.0312.03, and the Articles of Organization shall have been cancelled as provided in Section 11.0412.04.

Appears in 1 contract

Sources: Operating Agreement (Sugarmade, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 11.01 occurs. On the occurrence of an event described in Section 11.01, the Liquidator (or, in the case of a dissolution pursuant to Section 11.01(d11.01(c), the persons conducting the winding up of the Company’s 's affairs pursuant to Section 86.495 17707.04 of NRS) shall file a certificate of dissolution with the California Secretary of State pursuant to Section 86.541 17707.08 of the NRS, unless such a filing is not required by NRS, 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 11.03, and the Articles of Organization shall have been cancelled as provided in Section 11.04.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (iPower Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 11.01 occurs. On the occurrence of an event described in Section 11.01, the Liquidator (or, in the case of a dissolution pursuant to Section 11.01(d11.01(c), the persons conducting the winding up of the Company’s 's affairs pursuant to Section 86.495 17707.04 of NRS) shall file a certificate of dissolution with the California Nevada Secretary of State pursuant to Section 86.541 17707.08 of the NRS, unless such a filing is not required by NRS, 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 11.03, and the Articles of Organization shall have been cancelled as provided in Section 11.04.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (iPower Inc.)