Common use of Dissolution Agreement Clause in Contracts

Dissolution Agreement. Notwithstanding anything to the contrary in this LLC Agreement, if a Member owning Voting Units which in the aggregate constitute not less than 662/3% of the outstanding Voting Units vote to dissolve the Company at a meeting of the Company pursuant to Article VII, than all of the Members shall agree in writing to dissolve the Company as soon as possible (but in any event not more than 10 days) thereafter.

Appears in 1 contract

Sources: Operating Agreement (Stratus Services Group Inc)

Dissolution Agreement. Notwithstanding anything to the contrary in this LLC Agreement, if a Member or Members owning Voting Units which in the aggregate constitute not less than 662/375% of the outstanding Voting Units vote to dissolve the Company at a meeting of the Company pursuant to Article VII, than then all of the Members shall agree in writing to dissolve the Company as soon as possible (but in any event not more than 10 days) thereafter.

Appears in 1 contract

Sources: Operating Agreement (Murdock Communications Corp)