CONTINUATION AFTER DISSOLUTION. Upon the occurrence of a Dissolution Event defined in Section 12.1(c), the Company automatically shall be continued (a) if there are remaining Members, unless the remaining Members of the Company elect to dissolve pursuant to Section 12.1(b), or (b) if there are no remaining Members of the Company, if one or more additional Members are admitted pursuant to Article 9 within 90 days after such Dissolution Event.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Somerset Power LLC), Limited Liability Company Agreement (Somerset Power LLC)
CONTINUATION AFTER DISSOLUTION. Upon the occurrence of a Dissolution Event defined in Section 12.1(c11.1(c), the Company automatically shall be continued (a) if there are remaining Members, unless the remaining Members of the Company elect to dissolve pursuant to Section 12.1(b), or (b) if there are no remaining Members of the Company, if one or more additional Members are admitted pursuant to Article 9 within 90 days after such Dissolution Event.
Appears in 1 contract
Sources: Operating Agreement (Melt Inc)
CONTINUATION AFTER DISSOLUTION. Upon the occurrence of a Dissolution Event defined in Section 12.1(c), the Company automatically shall be continued (a) if there are remaining Members, unless the remaining Members of the Company elect to dissolve pursuant to to
Section 12.1(b12.1 (b), or (b) if there are no remaining Members of the Company, if one or more additional Members are admitted pursuant to Article 9 within 90 days after such Dissolution Event.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Somerset Power LLC)