Common use of Events Causing Dissolution of the Company Clause in Contracts

Events Causing Dissolution of the Company. Upon any Member's bankruptcy, resignation, withdrawal, expulsion or other cessation to serve or the admission of a new member into the Company, the Company shall not dissolve but the business of the Company shall continue without interruption or break in continuity. However, the Company shall be dissolved and its affairs wound up upon the first to occur of any of the following events:

Events Causing Dissolution of the Company. Upon any The Company shall be dissolved upon the first to occur of (a) the expiration of the term of the Company unless such term has been extended by the agreement of the Member's bankruptcy, resignation(b) the sale, withdrawal, expulsion transfer or other cessation disposition by the Company of all or substantially all of its assets and the collection by the Company of any and all Cash Flow derived therefrom; or (c) the affirmative election of the Member to serve or dissolve the Company. The admission of a any new member Members into the Company, the Company shall not dissolve the Company, but the business of the Company shall continue without interruption or and without any break in continuity. However, the Company shall be dissolved and its affairs wound up upon the first to occur of any of the following events:.