Common use of Dissolutions Clause in Contracts

Dissolutions. The Company shall dissolve and its affairs shall be wound up upon the firs to occur of the following: (a) the written direction of the Member or (b) the entry of a decree of judicial dissolution under Section ▇▇-▇▇▇-▇▇▇ or -614 of the Act. The bankruptcy of the Member of the occurrence of any other event that terminates the continued membership of the Member shall not cause a dissolution of the Company.

Dissolutions. The Company shall dissolve and its affairs shall be wound up upon the firs first to occur of the following: (a) the written direction of the Member or (b) the entry of a decree of judicial dissolution under Section ▇▇245-▇▇▇-▇▇▇ or -614 902 of the Act. The bankruptcy of the Member of the occurrence of any other event that terminates the continued membership of the Member shall not cause a dissolution of the Company.