Common use of Dissolution Triggers Clause in Contracts

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.

Appears in 14 contracts

Sources: Operating Agreement (Sampson Simulator, LLC), Operating Agreement (Sampson Simulator, LLC), Operating Agreement (Sampson Simulator, LLC)

Dissolution Triggers. The Company shall dissolve only upon the first to occur of any occurrence of the following events: (a) Upon The determination by the Member to dissolve Board and the Company.Requisite Members that the Company should be dissolved; or (b) The entry of a decree of judicial dissolution or the administrative dissolution under of the Company as provided in the Act.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (CERES Coin LLC), Limited Liability Company Agreement (CERES Coin LLC), Operating Agreement

Dissolution Triggers. The Company shall dissolve only upon the first to occur of any of the following events: (a) Upon determination by the The Member to dissolve the Company.votes for dissolution; or (b) The entry Any other event causing dissolution of a decree of administrative dissolution limited liability company under the Act.

Appears in 2 contracts

Sources: Operating Agreement (Atlas Industries Holdings LLC), Operating Agreement (Compass Diversified Trust)

Dissolution Triggers. The Company shall dissolve only upon the first to occur of any of the following events:events (each, an “Event of Dissolution”): (a) Upon determination by the Member to dissolve cancellation of the Company.Certificate of Formation in the manner provided in the Act; or (b) The entry of a decree of administrative judicial dissolution under the Act.

Appears in 1 contract

Sources: Agreement and Plan of Merger (B. Riley Principal Merger Corp. II)

Dissolution Triggers. The Company shall dissolve only upon the first First to occur of any of the following events: (a) Upon determination by the The Member to dissolve the Company.votes for dissolution; or (b) The entry Any other event causing dissolution of a decree of administrative dissolution limited liability company under the Act.

Appears in 1 contract

Sources: Operating Agreement (Compass Diversified Trust)

Dissolution Triggers. The Company shall dissolve only upon the first to occur of any occurrence of the following events: (a) Upon The determination by the Member to dissolve Board that the Company.Company should be dissolved; or (b) The entry of a decree of judicial dissolution or the administrative dissolution under of the Company as provided in the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Beyond Commerce, Inc.)