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Common use of Election to Dissolve Clause in Contracts

Election to Dissolve. The decision by an affirmative vote of the Manager and Members holding a Majority Interest to dissolve the Company.

Appears in 7 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Related Clauses

  • Optional Redemption at Election of Company
  • Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner
  • Conditions to Distribution
  • Notice of Dissolution
  • Rights of Rescission and Withdrawal for Holders

Parent Clauses

  • Dissolution
  • Dissociation Dissolution and Termination
  • Default and Dissolution
  • Election of Non Defaulting Members
  • WHEREAS

Sub-Clauses

  • Time Period of Liquidation
  • Negative Capital Account
  • Procedure and Distribution
  • Management Rights During Winding Up
  • Winding Up
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