Common use of Liquidating Event Clause in Contracts

Liquidating Event. The Company shall dissolve and commence winding up and liquidating only upon the action by written consent of Members holding at least a majority of the Voting Units determining to dissolve the Company (a “Liquidating Event”).

Liquidating Event. The Company shall dissolve and commence winding up and liquidating upon, and only upon upon, the action by written consent approval of Members holding at least a the majority of the Voting Units determining to dissolve the Company Members (a “Liquidating Event”).