Common use of Dissolution of the Company Clause in Contracts

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein upon the (i) withdrawal, resignation or bankruptcy of the Member, (ii) the termination of the legal existence of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act (an Event of Withdrawal).

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, and its affairs shall be wound up and terminated as provided herein upon the (i) withdrawal, resignation or bankruptcy first to occur of the Memberfollowing: (a) the action of the members holding a majority of the Units held by all the members, (iib) the termination at any time there are no members of the legal existence of Company unless the Member or Company is continued in accordance with the occurrence of any other event which terminates the continued membership of the Member Act, or (iiic) the entry of a decree of judicial dissolution under Section 18-802 of the Act (an Event of Withdrawal)Act.

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein dissolved only upon the earlier of: (i) withdrawal, resignation or bankruptcy approval of the dissolution of the Company by the Sole Member, (ii) the termination of the legal existence of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act Company in accordance with the Act, or (an Event iii) the occurrences of Withdrawal)any event which terminates the membership in the Company of the last remaining Member unless, within 90 days after such event, a new Member is admitted to the Company, with the approval of the Sole Member, effective as of the date of the event which terminated the membership of the last remaining Member.

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein dissolved only upon the earlier of: (i) withdrawal, resignation or bankruptcy approval of the dissolution of the Company by the Management Committee and the Sole Member, (ii) the termination of the legal existence of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act Company in accordance with the Act, or (an Event iii) the occurrence of Withdrawal)any event which terminates the membership in the Company of the last remaining Member unless, within 90 days after such event, a new Member is admitted to the Company, with the approval of the Management Committee, effective as of the date of the event which terminated the membership of the last remaining Member.

Dissolution of the Company. 12.2 (a) The Company shall be dissolvedshall, wound up and terminated as provided herein upon in one of the following cases (i) withdrawal, resignation dismiss most of all members by written agreement: or bankruptcy of the Member, (ii) in accordance with the termination entry of the legal existence Judicial Dissolution Statute in accordance with §18-802 of the Act. (b) The death, retirement, retirement, bankruptcy or dissolution of a Member or the occurrence of any other an event which that terminates the Member's continued membership shall not in itself cause dissolution of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act (an Event of Withdrawal)Company.