Election to Dissolve. The decision by an affirmative vote of the Manager and Members holding a Majority Interest to dissolve the Company.
Election to Dissolve. If the Non-Defaulting Members do not elect to acquire the entire interest of the Defaulting member as set forth in Subsection 10.3.1 above, the Non-Defaulting members may elect to dissolve and terminate the LLC within thirty (30) days following the occurrence of an Event of Default by written notice to the Defaulting member. The right to the Defaulting Member's Membership Interest as set forth in this Section 10.3 shall continue until such Non-Defaulting Members elect to exercise their right to dissolve and terminate the LLC as provided in this Subsection 10.3.3.
Election to Dissolve. The Corporation may be dissolved at any time by a Supermajority Vote of the Board at a meeting called expressly to consider dissolution. Upon the enactment of a Resolution to Dissolve, no further services shall be rendered on the Corporation name, and no further business shall be transacted from and after the date selected for dissolution except to the extent necessary to wind up the affairs of the Corporation. Maintenance of offices to effectuate the winding up or liquidation of the Corporation affairs shall not be construed as a continuation of the Corporation. The Board shall be responsible for dissolution and shall determine which, if any, tasks are delegated.
Election to Dissolve. If the non-Defaulter does not elect to acquire the entire interest of the Defaulter as set forth in Subsection 7.3.1, the non-Defaulter may elect (i) to dissolve and terminate the Joint Venture pursuant to Section 7.2 of this Agreement by written notice to the Defaulter or (ii) to pursue any other right or remedy available to it at law or in equity. The right of the non-Defaulter to institute the procedures for purchase of the Defaulter's Joint Venture interest as set forth in this Section 7.3 shall continue until such non-Defaulter elects to exercise its right to terminate the Joint Venture as provided in this Subsection 7.3.2.
Election to Dissolve. 35 10.4 Dissolution and Termination of LLC.................................35 10.4.1
Election to Dissolve. The affirmative vote or written agreement of all the Members that it is in the best interests of the Company to dissolve.
Election to Dissolve. The Partnership may be dissolved by a majority vote of the partners pursuant to paragraph 2.1 above.
Election to Dissolve. 24 Section 9.2 Events Upon Delivery of Dissolution Election Notice ..........25 Section 9.3 Valuation and True-Up ........................................25 Section 9.4 Buy-Sell .....................................................26
Election to Dissolve. Any Member shall have the right, at any time and for any or no reason, to invoke the procedures of this Article IX pursuant to, and in accordance with, the terms and conditions set forth below (the "DISSOLUTION PROCEDURE"). If a Member elects to institute the Dissolution Procedure (the "INITIATING MEMBER"), then the Initiating Member shall deliver to the other Member (the "OTHER MEMBER") a notice (the "DISSOLUTION ELECTION NOTICE") stating that the Initiating Member is instituting the Dissolution Procedure set forth in this Article IX and setting forth the Interest Price (as defined below), which shall have the effect of triggering the Buy-Sell Procedure (as defined below). At any time after a Dissolution Election Notice has been given pursuant to this Section 9.1, unless such Election Notice is withdrawn with the Approval of the Members, no Member shall deliver a Dissolution Election Notice pursuant to this Section 9.1.
Election to Dissolve. The Remaining Member(s) may vote to dissolve the -------------------- Company in accordance with Section 10.1 in the event of a Transfer.
