Common use of Events Causing Dissolution Clause in Contracts

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the consent of at least two-thirds of the members of the Board; (ii) at any time there are no Members, unless the Company is continued in accordance with the Act or this Agreement; or (iii) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolution.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Gp Holdings Lp), Simplification Agreement (Plains All American Pipeline Lp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the consent The affirmative vote of at least two-thirds of the members of the Boarda Super Majority in Interest to dissolve; (ii) at any time there are no Members, unless The Transfer of all or substantially all of the assets of the Company is continued in accordance with and the Act or this Agreementreceipt and distribution of all the proceeds therefrom; or (iii) the The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolution.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the consent The affirmative vote of at least two-thirds of the members of the Boarda Majority in Interest to dissolve; (ii) at any time there are no Members, unless The Transfer of all or substantially all of the assets of the Company is continued in accordance with and the Act or this Agreementreceipt and distribution of all the proceeds therefrom; or (iii) the The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolution.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Paa Natural Gas Storage Lp), Limited Liability Company Agreement (Paa Natural Gas Storage Lp), Limited Liability Company Agreement (Paa Natural Gas Storage Lp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following eventsupon: (ia) the consent Subject to Section 6.03, Board of at least two-thirds Directors approval of the members dissolution of the BoardCompany; (iib) The time at any time which there are no Members, unless the Company is continued in accordance with the Act or this AgreementAct; or (iiic) the The entry of a decree of judicial dissolution pursuant to under Section 18-802 of the Act. (b) . The withdrawalCompany shall not be dissolved upon the death, deathinsanity, retirement, resignation, expulsion, bankruptcy bankruptcy, dissolution or dissolution of any Member or the occurrence of any other event that which terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolutiona Member.

Appears in 3 contracts

Sources: Operating Agreement (Pandion Therapeutics Holdco LLC), Operating Agreement (Pandion Therapeutics Holdco LLC), Operating Agreement (Pandion Therapeutics Holdco LLC)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the The unanimous consent of at least two-thirds of the members of the BoardMembers to dissolve; (ii) at any time there are no Members, unless The Transfer of all or substantially all of the assets of the Company is continued in accordance with and the Act or this Agreementreceipt and distribution of all the proceeds therefrom; or (iii) the The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolution.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Natural Resource Partners Lp), Contribution Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Natural Resource Partners Lp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the consent The affirmative vote of at least two-thirds of the members of the Boarda Super Majority in Interest to dissolve; (ii) at any time there are no Members, unless The Transfer of all or substantially all of the assets of the Company is continued in accordance with and the Act or this Agreementreceipt and distribution of all the proceeds therefrom; or (iii) the The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s 's dissolution.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Resources Inc)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following eventsevents to occur: (ia) the The written consent of at least two-thirds of the members of the Board; (ii) all Members at any time there are no Members, unless to dissolve and wind up the Company is continued in accordance with the Act or this Agreement; or (iii) the entry of a decree of judicial dissolution pursuant to Section 18-802 affairs of the Act.Company; (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy Bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company, unless there is at least one remaining Member and the business of the Company shall not, in and is continued by the consent of itself, cause all remaining Members within 90 days following the Company’s dissolutionoccurrence of any such event; or (c) The occurrence of any other event that causes the dissolution of a limited liability company under the Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (TMM Lines LTD LLC), Limited Liability Company Agreement (Cp Ships LTD)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the The written consent of at least two-thirds of the members of the BoardInitial Members to dissolve; (ii) at any time there are no Members, unless The Transfer of all or substantially all of the assets of the Company is continued in accordance with and the Act or this Agreementreceipt and distribution of all the proceeds therefrom; or (iii) the The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolution.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Plains All American Pipeline Lp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur occurrence of any of the following events: events (collectively, "Events of Dissolution"): (a) when the period, if any, fixed for the duration of the Company shall expire pursuant to Section 2.05 of this Agreement; (b) by action of the Members pursuant to the Act; or (c) by action of and at the option of the remaining Members in the event of (i) the consent termination of at least two-thirds any Member as provided in Section 15.01 of the members of the Board; this Agreement; (ii) at any time there are no Members, unless the acquisition by the Company is continued in accordance with of the Act complete Membership Interest of any Member; or this Agreement; or (iii) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member Member; or (d) a merger in which the Company shall not, in and of itself, cause is not the Company’s dissolutionsurviving organization ("Merger").

Appears in 1 contract

Sources: Limited Liability Company Agreement (CBL & Associates Properties Inc)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (ia) the consent The vote of at least two-thirds a Majority in Interest of the members Group A Members and a Majority in Interest of the BoardGroup B Members to dissolve; (iib) at The sale, Transfer or other disposition of substantially all of the assets of the Company and the receipt and distribution of all the proceeds therefrom; (c) The death, retirement, resignation, insanity, expulsion, bankruptcy or dissolution of a Member, or any time there are no Membersother event which terminates the continued membership of a Member in the Company, unless the Company there is continued in accordance with the Act or this Agreement; orat least one remaining Member; (iiid) the The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.; or (be) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution expiration of any Member or the occurrence term of any other event that terminates the continued membership of any Member in the Company shall not, as provided in and of itself, cause the Company’s dissolutionSection 2.5.

Appears in 1 contract

Sources: Operating Agreement (Greenmarine Acquisition Corp)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur of the following events: (i) the The unanimous written consent of at least two-thirds of the members of the BoardMembers; (ii) at any time there are no Members, unless the Company is continued in accordance with the Act or this Agreement; or (iii) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company shall not, in and of itself, cause the Company’s dissolution.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Antero Resources Midstream Management LLC)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the first to occur occurrence of any of the following events: events (collectively, “Events of Dissolution”): (a) when the period, if any, fixed for the duration of the Company shall expire pursuant to Section 2.05 of this Agreement; (b) by action of the Members pursuant to the Act; or (c) by action of and at the option of the remaining Members in the event of (i) the consent termination of at least two-thirds any Member as provided in Section 15.01 of the members of the Board; this Agreement; (ii) at any time there are no Members, unless the acquisition by the Company is continued in accordance with of the Act complete Membership Interest of any Member; or this Agreement; or (iii) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act. (b) The withdrawal, death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member Member; or (d) a merger in which the Company shall not, in and of itself, cause is not the Company’s dissolutionsurviving organization (“Merger”).

Appears in 1 contract

Sources: Limited Liability Company Agreement (CBL/Regency I, LLC)