Involuntary Dissolution. In the event of an involuntary dissolution, each Member shall be entitled to receive the distribution of such Property as is licensed to such Member in accordance with the terms of such Member’s License, subject to the rights and restrictions applicable to the Property set forth in Sections 3, 4, 6.3, 6.4, 6.5, 6.6, 6.7 and 7.3 of such License, provided, however, that such restrictions shall terminate to the extent and upon the occurrence of any event or circumstances that would have terminated such restrictions pursuant to the applicable License.
Appears in 2 contracts
Sources: Operating Agreement (Palmsource Inc), Operating Agreement (Palm Inc)