Common use of Termination of a Series Clause in Contracts

Termination of a Series. A Series will be dissolved and its affairs will be wound up upon the first to occur of: 10.1.1 the expiration of the term of such Series (including any extension to the term by the Manager, in accordance with the applicable Series Designation); 10.1.2 a determination, made by the Manager, in its sole discretion, to dissolve the 10.1.3 the withdrawal of the sole Manager from the Series; 10.1.4 the occurrence of an Event of Bankruptcy with respect to the sole Manager 10.1.5 if the sole Manager is an individual, such individual’s death or adjudicated incompetence; 10.1.6 if the sole Manager is an entity, such entity’s dissolution; or 10.1.7 the occurrence of any other event that applicable law specifies must operate as an event causing the dissolution of a series of a limited liability company.