Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events: (a) a determination by the Requisite Members to dissolve, wind up and liquidate the Company; or (b) the entry of a decree of judicial dissolution under the Act.
Appears in 2 contracts
Sources: Operating Agreement (Watsco Inc), Operating Agreement (Watsco Inc)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any earlier to occur of the following eventsfollowing:
(a) a determination by at such time as the Requisite Members to dissolve, wind up and liquidate Member determines that the CompanyCompany should be dissolved; or
(b) the upon entry of a decree of judicial dissolution under the Actdissolution.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Tandy Holdings, Inc.), Operating Agreement (Tandy Holdings, Inc.)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events:
(a) a the determination by of the Requisite Members Manager to dissolve, wind up and liquidate the dissolution of the Company; or;
(b) at such time as there are no Members;
(c) the entry of a decree of judicial dissolution under the Act; or
(d) upon the sale of all or substantially all of the assets of the Company and a distribution of all of the proceeds of such sale.
Appears in 2 contracts
Sources: Co Venture Agreement (VirTra, Inc), Co Venture Agreement (Nuvola, Inc.)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up only upon the occurrence of any of the following events:events (each, a “Liquidating Event”):
(a) a The determination by of the Requisite Members to dissolve, wind up and liquidate the CompanyManager; or
(b) the entry The final decree of a decree of judicial court that dissolution is required under the Actapplicable law.
Appears in 2 contracts
Sources: Operating Agreement (Norhart Invest LLC), Operating Agreement (Norhart Invest LLC)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events:
(a) a determination by the Requisite Members to dissolve, wind up and liquidate the Companywritten consent of all Members; or
(b) the entry of a decree of judicial dissolution under Section 702 of the ActLLC Law; or
(c) upon a termination of the Company pursuant to Section 14.4.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Norfolk Southern Corp), Limited Liability Company Agreement (Norfolk Southern Corp)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events:
(a) a the determination by of the Requisite Members to dissolve, wind up and liquidate Member that the Company; orCompany be dissolved;
(b) the entry of a decree of judicial dissolution under in accordance with the Act;
(c) the last member of the Company ceasing to be a member of the Company unless the Company is continued without dissolution in accordance with the Act.
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Cascades USA Inc.)
Events Causing Dissolution. The Company shall will be dissolved and its affairs shall be wound up only upon the occurrence of any of the following events:
(a) a determination by the Requisite The vote of Members pursuant to dissolve, wind up and liquidate the CompanySection 4.13; or
(b) the entry The final decree of a decree of judicial court that dissolution is required under the Actapplicable law.
Appears in 1 contract
Sources: Limited Liability Company Agreement (ASAlliances Biofuels, LLC)
Events Causing Dissolution. The Company shall will be dissolved and its affairs shall be wound up upon at such time as the occurrence Board of any of Managers determine that the following events:
(a) a determination Company should be dissolved, or whenever dissolution is required by the Requisite Members to dissolve, wind up and liquidate the Company; or
(b) the entry of a decree of judicial dissolution under the Actlaw.
Appears in 1 contract
Sources: Operating Agreement (Bon-Ton Stores of Lancaster, Inc.)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events:
(a) a determination by the Requisite Members to dissolve, wind up and liquidate written consent of the Company; orMembers;
(b) the entry of a decree of judicial dissolution of the Company under the Delaware Act; or
(c) the sale of the Company (whether by merger, consolidation or sale of substantially all of the assets of the Company) other than to an Affiliate of the Company.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Clarion Partners Property Trust Inc.)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events:
(a) as determined by a determination by Supermajority Interest following the Requisite Members to dissolve, wind up and liquidate sale or other disposition of the Companylast remaining parcel of Property in which the Company or any Subsidiary owns a fee or leasehold interest;
(b) at such time as there are no Members; or
(bc) the entry of a decree of judicial dissolution under the Act.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Circle Entertainment, Inc.)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any first to occur of the following eventsfollowing:
(a) a determination by The unanimous consent of the Requisite Members to dissolve, wind up and liquidate the Company; orMembers.
(b) the The entry of a decree of judicial dissolution under the Actdissolution.
Appears in 1 contract
Sources: Operating Agreement (Crystal Park Hotel & Casino Development Co LLP)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any first to occur of the following eventsfollowing:
(a) a determination by a. The written consent of the Requisite Members to dissolve, wind up and liquidate the Company; orMember.
(b) the b. The entry of a decree of judicial dissolution under the Actdissolution.
Appears in 1 contract
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up only upon the occurrence of any first to occur of the following events:
(a) a Upon the written determination by of all of the Requisite Members to dissolve, wind up and liquidate the Company; or.
(b) Upon the entry of a decree of judicial dissolution under with respect to the ActCompany by a court of competent jurisdiction.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Badlands Power Fuels, LLC)
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any first to occur of the following events:
(a) Upon the written approval of a determination by the Requisite Members to dissolve, wind up and liquidate the Company; orSupermajority in Interest;
(b) Upon the entry of a decree of judicial dissolution with respect to the Company by a court of competent jurisdiction; or
(c) When the Company is not the surviving entity in a merger or consolidation under the Act.
Appears in 1 contract
Sources: Operating Agreement
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence happening of the first to occur of any of the following events:
(a) a determination by the Requisite Members to dissolvedecision of the Member, wind up and liquidate the Company; or
(b) the entry an event of dissolution of a decree of judicial dissolution limited liability company under the Act.
Appears in 1 contract
Sources: Operating Agreement
Events Causing Dissolution. The Notwithstanding any provisions of the Code, the Company shall be dissolved and its affairs shall be wound up only upon the occurrence of any earliest to occur of the following events:
(a) a determination by The written consent of the Requisite Members to dissolve, wind up and liquidate the CompanyMember; or
(b) the entry Entry of a decree of judicial dissolution under pursuant to the ActCode.
Appears in 1 contract
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of when any one or more of the following eventsoccurs:
(a) a determination by 13.1 The term of the Requisite Members Company expires.
13.2 The Member decides to dissolve, wind up and liquidate dissolve the Company; or
(b) the entry of a decree of judicial dissolution under the Act.
Appears in 1 contract
Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up only upon the occurrence of any earlier of the following eventsto occur:
(a) a determination Written agreement by the Requisite Members to dissolve, wind up and liquidate the Companyall Members;
(b) A decree of judicial dissolution; or
(bc) the entry of a decree of judicial dissolution under the ActWhen required by law.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Sitestar Corp)
Events Causing Dissolution. (a) The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any earlier to occur of the following eventsfollowing:
(ai) a determination by at such time as the Requisite Members to dissolve, wind up and liquidate Member determines that the CompanyCompany should be dissolved; or
(bii) the upon entry of a decree of judicial dissolution under dissolution.
(b) The Company shall continue and shall not dissolve as a result of any event specified in Section 18-801(a) of the Act, so long as, as a result of any such occurrence, the Member’s successor, or its designee, becomes a Member.
Appears in 1 contract