Events Triggering Dissolution. The Company shall dissolve and commence winding up and liquidation upon the first to occur of any of the following (“Liquidating Events”): (a) the written consent of the Member; or (b) the entry of a decree of judicial dissolution under Section 18-802 of the LLC Act. The Company shall not be dissolved for any other reason, including, the Member’s becoming bankrupt or executing an assignment for the benefit of creditors, and any such bankruptcy or assignment (unless a “permitted transfer” under Section 5.1 above) shall not effect a transfer of any portion of Member’s membership interest in the Company.
Appears in 3 contracts
Sources: Limited Liability Company Operating Agreement, Operating Agreement, Operating Agreement (Bats Global Markets, Inc.)
Events Triggering Dissolution. The Company shall dissolve and commence winding up and liquidation upon the first to occur of any of the following (“Liquidating Events”):
(a) the written consent of the Member; or
(b) the entry of a decree of judicial dissolution under Section 18-802 of the LLC Act. The Company shall not be dissolved for any other reason, includingincluding without limitation, the Member’s becoming bankrupt or executing an assignment for the benefit of creditors, creditors and any such bankruptcy or assignment (unless a “permitted transfer” under Section 5.1 above5.1) shall not effect a transfer of any portion of Member’s membership interest in the Company.
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Catalyst Health Solutions, Inc.)
Events Triggering Dissolution. The Company shall dissolve and commence winding up and liquidation upon the first to occur of any of the following (“Liquidating Events”):
(a1) the written consent of the Member;
(2) the election by the Member, at its sole option, to require the dissolution, winding up and liquidation of the Company; or
(b3) the entry of a decree of judicial dissolution under Section 18-802 of the LLC Act. The Company shall not be dissolved for any other reason, includingincluding without limitation, the Member’s becoming bankrupt or executing an assignment for the benefit of creditors, and any such bankruptcy or assignment (unless a “permitted transfer” under Section 5.1 above) shall not effect a transfer of any portion of the Member’s membership interest in the Company.
Appears in 1 contract
Sources: Operating Agreement (Professional Teleconcepts, Inc.)