Events Triggering Dissolution. The Company shall dissolve and commence winding up and liquidating upon the first to occur of any of the following (“Liquidating Events”): (A) the determination by the Class A Members as set forth in § 7.15(C) above, that the Company should be dissolved; or (B) a judicial determination that an event has occurred that makes it impossible or unlawful to carry on the business of the Company.
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Sources: Operating Agreement (Intelligent Highway Solutions, Inc.)
Events Triggering Dissolution. The Company shall dissolve and commence winding up and liquidating upon the first to occur of any of the following (“Liquidating Events”):events:
(Aa) the determination by vote of the Class A Members as set forth in § 7.15(C) aboveholding Units representing a majority of the outstanding Units, that the Company should be dissolved;
(b) the insolvency or bankruptcy of the Company;
(c) the sale of all or substantially all of the Company assets; or
(Bd) a judicial determination that an any event has occurred that makes it impossible impossible, unlawful or unlawful impractical to carry on the business of the Company.
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