DISSOLUTION AND WINDING-UP     50 Sample Clauses

DISSOLUTION AND WINDING-UP     50. Section 14.1 Dissolution Events 50 Section 14.2 Winding-Up 51 Section 14.3 Compliance with Certain Requirements of Regulations; Deficit Capital Accounts 52 Section 14.4 Deemed Distribution and Recontribution 52 Section 14.5 Rights of Members 53 Section 14.6 Notice of Dissolution/Termination 53 Section 14.7 Allocations During Period of Liquidation 53 Section 14.8 Character of Liquidating Distributions 53 Section 14.9 The Liquidator 53 Section 14.10 Form of Liquidating Distributions 54 ARTICLE 15 MISCELLANEOUS 54 Section 15.1 Notices 54 Section 15.2 Binding Effect 55 Section 15.3 Construction 55 Section 15.4 Time 55 Section 15.5 Headings 55 Section 15.6 Severability 55 Section 15.7 Incorporation by Reference 55 Section 15.8 Variation of Terms 55 Section 15.9 Governing Law and Consent to Jurisdiction/Service of Process 56 Section 15.10 Waiver of Jury Trial 56 Section 15.11 Counterpart Execution 56 Section 15.12 Specific Performance 56 Exhibit A — Specimen LLC Interest Certificate A-1 Exhibit B — Form of Economic Disclosure Statement and Affidavit B-1 This SECOND AMENDED AND RESTATED OPERATING AGREEMENT (the “Amended Agreement”) shall be effective as of the 1 day of September, 2005 and is entered into by Macquarie Infrastructure Company Trust (the “Original Member”) as a Member pursuant to the provisions of the Act (as defined below) as in effect on the date hereof. The Original Member hereby agrees to the amendment and restatement of the Operating Agreement dated as of April 13, 2004 (the “Original Operating Agreement”), as previously amended and restated by the Amended and Restated Operating Agreement dated as of December 21, 2004, as provided herein.
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Related to DISSOLUTION AND WINDING-UP     50

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Dissolution and Winding Up of the Company Dissolution. The Company will be dissolved on the happening of any of the following events: Sale, transfer, or other disposition of all or substantially all of the property of the Company; The agreement of all of the Members; By operation of law; or The death, incompetence, expulsion, or bankruptcy of a Member, or the occurrence of any event that terminates the continued membership of a Member in the Company, unless there are then remaining at least the minimum number of Members required by law and all of the remaining Members, within 120 days after the date of the event, elect to continue the business of the Company.

  • Dissolution Winding Up (a) The Company shall be dissolved upon (i) the adoption of a plan of dissolution by the members or (ii) the occurrence of any event required to cause the dissolution of the Company under the Delaware Limited Liability Company Act.

  • Dissolution and Liquidation (Check One)

  • Dissolution, etc Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except in connection with a merger or consolidation permitted pursuant to Section 10.8.

  • Dissolution The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following:

  • DISSOLUTION, LIQUIDATION AND MERGER 49 Section 9.1. Dissolution upon Expiration Date......................................................49 Section 9.2.

  • Dissolution Winding Up Termination 27 8.1 Dissolution.......................................................................27 8.2

  • Winding Up Upon dissolution of the Company, the Company shall continue solely for the purposes of winding up its business and affairs as soon as reasonably practicable. Promptly after the dissolution of the Company, the Manager shall immediately commence to wind up the affairs of the Company in accordance with the provisions of this Agreement and the Act. In winding up the business and affairs of the Company, the Manager may, to the fullest extent permitted by law, take any and all actions that it determines in its sole discretion to be in the best interests of the Members, including, but not limited to, any actions relating to (i) causing written notice by registered or certified mail of the Company’s intention to dissolve to be mailed to each known creditor of and claimant against the Company, (ii) the payment, settlement or compromise of existing claims against the Company, (iii) the making of reasonable provisions for payment of contingent claims against the Company and (iv) the sale or disposition of the properties and assets of the Company. It is expressly understood and agreed that a reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the satisfaction of claims against the Company so as to enable the Manager to minimize the losses that may result from a liquidation.

  • Winding-up, etc None of the events contemplated in clauses (a), (b), (c) or (d) of Section 11.05 has occurred with respect to any Credit Party.

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