Dissolution Triggers Sample Clauses
Dissolution Triggers. The Company shall dissolve only upon the first to occur of any of the following events:
(a) Upon determination by the Member to dissolve the Company.
(b) The entry of a decree of administrative dissolution under the Act.
Dissolution Triggers. The LLC shall dissolve only upon the first to occur of any of the following events:
(a) Upon the delivery for filing with the Secretary of State of a Statement of Commencement of Winding Up of the LLC pursuant to Act Section 14-1▇-▇▇▇.
(b) The entry of a decree of judicial dissolution under Act Section 14-11-603(a).
Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events:
(a) The determination by all the Managers serving on the Board that the LLC should be dissolved; or
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act.
Dissolution Triggers. The Company shall dissolve upon the first occurrence of the following events:
(i) The determination by a Unitholder Majority that the Company should be dissolved (subject to obtaining all other approvals required pursuant to Section 4 hereof); or
(ii) The entry of a decree of judicial dissolution or the administrative dissolution of the Company as provided in the Delaware Act.
Dissolution Triggers. The Company shall dissolve only upon the first to occur of any of the following events:
(a) Upon the delivery for filing with the Secretary of State of the State of South Carolina Articles of Termination of the Company pursuant to Section ▇▇-▇▇-▇▇▇ of the Act following the determination by the Member to dissolve the Company.
(b) The entry of a decree of administrative dissolution under Section ▇▇-▇▇-▇▇▇ of the Act.
Dissolution Triggers. The Partnership shall dissolve only upon the first to occur of any of the following events:
(a) The vote of the General Partner and a majority in interest of the Limited Partners.
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the Partnership as provided in the Act (unless remedied).
(c) The failure to elect a new General Partner pursuant to Section 5.1 withing ninety (90) days after the sole remaining General Partner has ceased to be a General Partner. None of the other events set forth in the Act shall cause the dissolution of the Partnership.
Dissolution Triggers. During the term of the Agreement, the following will be triggers for termination of the lease and/or transfer of membership in Newco back to the District:
a. Loss of Critical Access Status of Newco;
b. Loss of Swing Bed Status for Newco’s inpatient hospital beds;
c. Material change (to be defined) to any CAH based reimbursement, including CAH swing bed reimbursement;
d. Imposition by CMS or other governmental/administrative authority of a material (to be defined) repayment obligation based on SVH operations prior to the effective date of the transaction;
e. District’s failure to fund the Trust;
f. District’s default on any of its bond obligations;
g. Failure of OMC to make timely lease payments; and
h. Either party’s material failure to support and act in alignment with the intent and goals of the Transaction, or either party’s actions to disparage or otherwise actively interfere with the stated goals and intent of the parties to the Transaction, following a mutually agreed dispute resolution process.
Dissolution Triggers. The Company shall dissolve upon the first occurrence of the following events:
(a) The determination by the Board and the Requisite Members that the Company should be dissolved;
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the Company as provided in the Act; or
(c) In the event that:
(i) within 60 days of the contribution of the 50,000,000 shares of YERR common stock, the Common Member does not close its $500 million USD of committed financing, with an allocation of $50 million USD to the Preferred B Member (to be held by the Preferred B Member for the purposes of its NASDAQ up-listing and then when no longer needed for such purpose used for construction of the Project) and an additional $150 million USD to be held in escrow to be disbursed for construction of the Project in 2017, or otherwise procure such funds for the Preferred Member; or
(ii) by September 30, 2017, the Contribution has not occurred and the Company has not obtained the financing it is required to obtain in the YERR Contribution Agreement.
Dissolution Triggers. The LLC shall dissolve only upon the first to occur of any of the following events:
(a) The unanimous vote of the Members.
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act.
(c) The sale of all or substantially all of the assets of the LLC in a single transaction or in a series of related transactions, unless within forty-five (45) days following the sale transaction(s) the Majority Member decides to continue the LLC without dissolution.
Dissolution Triggers. 27 SECTION 9.2