Event of Dissolution Clause Samples

Event of Dissolution. The term “Event of Dissolution” shall be as defined in Section 3.2.

Event of Dissolution. Section 9.1

Event of Dissolution. Any of the events that result in a dissolution -------------------- of the Partnership as set forth in Section 9.01 hereof.

Event of Dissolution. 1. The Venture shall not be wound up and terminated by the occurrence of an Event of Dissolution unless all of the remaining Venturers shall so decide.

Event of Dissolution. The Partnership shall be dissolved upon the earliest of: (a) a date designated by written agreement of the General Partner and the Class A Limited Partner or in a notice to dissolve, provided pursuant to Section 2.01, from the Class A Limited Partner to the General Partner; (b) the withdrawal, Bankruptcy or dissolution of a General Partner unless (i) the remaining General Partner, if any, agrees to continue the Partnership or (ii) if there is no remaining General Partner, within thirty (30) days a majority in interest of the remaining Partners agree in writing to continue the Partnership and admit a new General Partner; (c) at 12:00 midnight, on the date provided for in Section 2.01, unless extended by agreement of the Partners; and (d) a date designated in a notice to dissolve by the Board of Directors provided pursuant to the terms of Section 3.02.

Event of Dissolution. Any of the events that result in a dissolution of the Company as set forth in Section 9.01 hereof.

Event of Dissolution. As defined in Section 3.2.

Event of Dissolution. The Company shall dissolve and its affairs shall be wound up on the first to occur of any of the following events (each, an "Event of Dissolution"): (a) the unanimous consent of the Members; (b) the entry of a decree of judicial dissolution of the Company under the Act; and (c) the expiration of two (2) years after the effective date of involuntary dissolution of the Company pursuant to the Act (for failure to file required reports or to pay any taxes due) without reinstatement of the Company.

Event of Dissolution. The Company shall be dissolved and shall commence winding up its affairs upon the first to occur of the following. The Shareholders shall cooperate in taking any necessary corporate steps under the Companies Act to attain the purpose of this Section 11: (a) the expiration of the term of the Company pursuant to Section 2.4 (Term; Extension); (b) the agreement of the Shareholders to dissolve the Company pursuant to Section 11.2 (Dissolution by Agreement); (c) the election of the Nondefaulting Shareholder pursuant to Section 11.3 (Dissolution Upon Event of Default); (d) the first anniversary of the receipt by either Shareholder of a Deadlock Dissolution Notice submitted with respect to a failure of the Shareholders to approve and agree upon a Business Plan pursuant to Section 10.3 (Dispute Resolution; Deadlock) if either (i) the Responding Shareholder declines to exercise its right to purchase the Shares of the Initiating Shareholder or fails to respond to such Deadlock Dissolution Notice, or (ii) both Shareholders submit Deadlock Dissolution Notices with respect to such failure to agree; (e) the election by Toshiba to dissolve the Company pursuant to Section 11.4 (Dissolution by Unilateral Option); (f) the bankruptcy, death, dissolution, expulsion or incapacity of a Shareholder or the occurrence of any other event which terminates the membership of a Shareholder in the Company ("Bankruptcy Event"); or (g) the election of the Notifying Party to dissolve the Company pursuant to Section 11.5 (Dissolution Upon Notice) unless the Notified Party elects to purchase the Shares of the Notifying Party pursuant to Section 11.5 (Dissolution Upon Notice).