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.
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Sources: Limited Liability Company Agreement (Inovio Biomedical Corp)
Event of Dissolution. The Company shall dissolve and its affairs shall be wound up on upon the first to occur of any of the following events earlier of: (each, an "Event of Dissolution"):
(ai) the unanimous time specified in the Articles of Organization; (ii) the effective date of articles of dissolution adopted by the written consent of the Members;
Members holding a Majority Interest; or (biii) the entry of a decree of judicial dissolution under Section 2038 of the Act (an “Event of Dissolution”). The Company shall thereafter conduct only activities necessary to wind up its affairs as provided 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.
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