Common use of Events Requiring Winding Up Clause in Contracts

Events Requiring Winding Up. The Company shall be wound up only on the first to occur of any one or more of the following: (a) the affirmative vote or Written consent of all of the Members; (b) the occurrence of any event that terminates the continued membership of the last remaining Member in the Company unless the legal representative or successor of the Member agrees to continue the Company and appoints a successor Member in accordance with the BOC; (c) entry of a judicial order to wind up the Company; or (d) the involuntary termination of the Company under the BOC or Texas Tax Code, unless the Company is reinstated as provided by law.

Events Requiring Winding Up. The Company shall be wound up only on the first to occur of any one or more of the following: (a) the affirmative vote or Written consent of all of the Members; (b) the occurrence of any event that terminates the continued membership of the last remaining Member in the Company unless the legal representative or successor of the Member agrees to continue the Company and appoints a successor Member in accordance with the BOC; (c) entry of a judicial order to wind up the Company; or (d) the involuntary termination of the Company under the BOC or Texas Tax Code, unless the Company is reinstated as provided by law.

Events Requiring Winding Up. The Company shall be wound up only on the first to occur of any one or more of the following: (a) the affirmative vote or Written consent of all of the Members;Members;‌ (b) the occurrence of any event that terminates the continued membership of the last remaining Member in the Company unless the legal representative or successor of the Member agrees to continue the Company and appoints a successor Member in accordance with the BOC; (c) entry of a judicial order to wind up the Company; or (d) the involuntary termination of the Company under the BOC or Texas Tax Code, unless the Company is reinstated as provided by law.