Common use of Events Causing Dissolution Clause in Contracts

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up at such time as the Member determines that the Company should be dissolved, or whenever dissolution is required by law.

Appears in 2 contracts

Sources: Operating Agreement (AirGate PCS, Inc. /Merger/), Member Control Agreement (Bon-Ton Stores of Lancaster, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events: (a) the determination of the Manager to the dissolution of the Company; (b) at such time as there are no Members; (c) the Member determines that entry of a decree of judicial dissolution under the Act; or (d) upon the sale of all or substantially all of the assets of the Company should be dissolved, or whenever dissolution is required by lawand a distribution of all of the proceeds of such sale.

Appears in 2 contracts

Sources: Co Venture Agreement (VirTra, Inc), Co Venture Agreement (Nuvola, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up upon the earlier to occur of the following: (a) at such time as the Member determines that the Company should be dissolved, or whenever dissolution is required by law; or (b) upon entry of a decree of judicial dissolution.

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement (Tandy Holdings, Inc.), Operating Agreement (Tandy Holdings, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that occurrence of any of the following events: (a) the written consent of all Members; or (b) the entry of a decree of judicial dissolution under Section 702 of the LLC Law; or (c) upon a termination of the Company should be dissolved, or whenever dissolution is required by lawpursuant to Section 14.4.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Norfolk Southern Corp), Limited Liability Company Agreement (Norfolk Southern Corp)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up at such time as only upon the Member determines occurrence of any of the following events (each, a “Liquidating Event”): (a) The determination of the Manager; or (b) The final decree of a court that the Company should be dissolved, or whenever dissolution is required by under applicable law.

Appears in 2 contracts

Sources: Operating Agreement (Norhart Invest LLC), Operating Agreement (Norhart Invest LLC)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that occurrence of any of the Company should be dissolvedfollowing events: (a) a determination by the Requisite Members to dissolve, or whenever wind up and liquidate the Company; or (b) the entry of a decree of judicial dissolution is required by lawunder the Act.

Appears in 2 contracts

Sources: Operating Agreement (Watsco Inc), Operating Agreement (Watsco Inc)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that occurrence of any of the following events (each, a “Dissolution Event”): (a) the entry of a decree of judicial dissolution under Section 18-802 of the Act; or (b) any other event not inconsistent with any provision hereof causing a dissolution of the Company should be dissolved, or whenever dissolution is required by lawunder the Act.

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement (Edgen Group Inc.), Limited Liability Company Operating Agreement (Edgen Group Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up upon the earlier of the following to occur: (a) at such any time as when there are no Members; (b) the agreement of the Initial Members (or a Majority in Interest if either Initial Member determines that ceases to be a Member) to dissolve the Company should be dissolved, or whenever dissolution is Company; or (c) when required by law.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Renal Care Group Inc), Limited Liability Company Agreement (Renal Care Group Inc)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up at such time as upon the Member determines that first to occur of the following events: (a) Upon the written approval of a Supermajority in Interest; (b) Upon the entry of a decree of dissolution with respect to the Company should be dissolved, by a court of competent jurisdiction; or (c) When the Company is not the surviving entity in a merger or whenever dissolution is required by lawconsolidation under the Act.

Appears in 1 contract

Sources: Operating Agreement

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up at such time as only upon the Member determines that first to occur of the following events: (a) Upon the written determination of all of the Members to dissolve. (b) Upon the entry of a decree of dissolution with respect to the Company should be dissolved, or whenever dissolution is required by lawa court of competent jurisdiction.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Badlands Power Fuels, LLC)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the occurrence of any of the following events: (a) the determination of the Member determines that the Company should be dissolved, or whenever ; (b) the entry of a decree of judicial dissolution in accordance with the Act; (c) the last member of the Company ceasing to be a member of the Company unless the Company is required by lawcontinued without dissolution in accordance with the Act.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Cascades USA Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that first to occur of the Company should be dissolved, or whenever dissolution is required by lawfollowing: (a) The unanimous consent of the Members. (b) The entry of a decree of judicial dissolution.

Appears in 1 contract

Sources: Operating Agreement (Crystal Park Hotel & Casino Development Co LLP)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up at such time as only upon the Member determines that earlier of the Company should be dissolved, or whenever dissolution is following to occur: (a) Written agreement by all Members; (b) A decree of judicial dissolution; or (c) When required by law.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Sitestar Corp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the earlier to occur of the following: (i) at such time as the Member determines that the Company should be dissolved; or (ii) upon entry of a decree of judicial dissolution. (b) The Company shall continue and shall not dissolve as a result of any event specified in Section 18-801(a) of the Act, so long as, as a result of any such occurrence, the Member’s successor, or whenever dissolution is required by lawits designee, becomes a Member.

Appears in 1 contract

Sources: Operating Agreement (Worldwide Auto Parts, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that occurrence of any of the following events: (a) the written consent of the Members; (b) the entry of a decree of judicial dissolution of the Company should be dissolvedunder the Delaware Act; or (c) the sale of the Company (whether by merger, consolidation or whenever dissolution is required by lawsale of substantially all of the assets of the Company) other than to an Affiliate of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Clarion Partners Property Trust Inc.)

Events Causing Dissolution. The Notwithstanding any provisions of the Code, the Company shall be dissolved and its affairs shall be wound up at such time as only upon the Member determines that earliest to occur of the Company should be dissolved, or whenever following events: (a) The written consent of the Member; or (b) Entry of a decree of judicial dissolution is required by lawpursuant to the Code.

Appears in 1 contract

Sources: Operating Agreement (Aptitude Solutions, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events: (a) as determined by a Supermajority Interest following the sale or other disposition of the last remaining parcel of Property in which the Company or any Subsidiary owns a fee or leasehold interest; (b) at such time as there are no Members; or (c) the Member determines that entry of a decree of judicial dissolution under the Company should be dissolved, or whenever dissolution is required by lawAct.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Circle Entertainment, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that happening of the Company should be dissolvedfirst to occur of any of (a) the decision of the Member, or whenever and (b) an event of dissolution is required by lawof a limited liability company under the Act.

Appears in 1 contract

Sources: Operating Agreement

Events Causing Dissolution. The Company shall will be dissolved and its affairs wound up at such time as the Member determines Board of Managers determine that the Company should be dissolved, or whenever dissolution is required by law.

Appears in 1 contract

Sources: Operating Agreement (Bon-Ton Stores of Lancaster, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as upon the Member determines that first to occur of the Company should be dissolved, or whenever dissolution is required by lawfollowing: a. The written consent of the Member. b. The entry of a decree of judicial dissolution.

Appears in 1 contract

Sources: Operating Agreement (Manchester Mall Inc)

Events Causing Dissolution. The Company shall will be dissolved and its affairs wound up at such time as only upon the Member determines occurrence of any of the following events: (a) The vote of Members pursuant to Section 4.13; or (b) The final decree of a court that the Company should be dissolved, or whenever dissolution is required by under applicable law.

Appears in 1 contract

Sources: Limited Liability Company Agreement (ASAlliances Biofuels, LLC)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up at such time as when any one or more of the Member determines that following occurs: 13.1 The term of the Company should be dissolved, or whenever dissolution is required by lawexpires. 13.2 The Member decides to dissolve the Company.

Appears in 1 contract

Sources: Operating Agreement (BioExpress, LLC)