Voluntary Dissolution. Notwithstanding anything to the contrary herein, without the prior consent of the Required B-4 Holders, neither the Board nor the Members shall effect a voluntary dissolution of the Company (except in connection with an Approved Company Sale (as such term is defined in the Members Agreement)) unless the Members holding Class B-4 Units receive their pro rata percentage (based on the ratio of the number of Class B-4 Units held by such Members to the number of Common Units then outstanding) share of the assets of the Company in such dissolution or pro rata percentage share of the equity securities issued by any successor entity to the Company.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Muzak Holdings Finance Corp)
Voluntary Dissolution. Notwithstanding anything to the contrary herein, --------------------- without the prior consent of the Required B-4 Holders, neither the Board nor the Members shall effect a voluntary dissolution of the Company (except in connection with an Approved Company Sale (as such term is defined in the Members Agreement)) unless the Members holding Class B-4 Units receive their pro rata percentage (based on the ratio of the number of Class B-4 Units held by such Members to the number of Common Units then outstanding) share of the assets of the Company in such dissolution or pro rata percentage share of the equity securities issued by any successor entity to the Company.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Muzak Finance Corp)