Common use of Events of Dissolution Clause in Contracts

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The the determination of the Board to dissolve the Company; (b) An an election to dissolve the Company made by holders of a majority 50% of the Voting Units or as provided in Section 9.04(c)Shares; (c) The the sale, exchange, involuntary conversion, or other disposition or Transfer transfer of all or substantially all the assets of the Company; or (d) The the entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Canopy Growth Corp), Limited Liability Company Agreement (Canopy Growth Corp), Limited Liability Company Agreement (Canopy Growth Corp)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve Any event which makes it unlawful for the business of the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c);to be carried on; or (c) The sale, exchange, involuntary conversion, or Any other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry event causing a dissolution of a decree Limited Liability Company under the laws of judicial dissolution under § 18-802 of the Delaware ActDelaware.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Celanese Americas CORP), Limited Liability Company Agreement (Celanese Americas CORP), Limited Liability Company Agreement (Celanese Americas CORP)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority under Section 23-18-9-2 of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Cross Medical Products, LLC), Limited Liability Company Agreement (Biomet U.S. Reconstruction, LLC), Limited Liability Company Agreement (Biomet U.S. Reconstruction, LLC)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence happening of any of the following events:( a “Dissolution Event”): (a) The determination Upon the sale or other disposition of all or substantially all of the Board to dissolve the Company’s assets and receipt of all consideration therefor; (b) An election to dissolve Upon a judicial determination that an event has occurred that makes it unlawful, impossible or impracticable for the Company made by holders of a majority of to carry on the Voting Units or as provided in Section 9.04(c);Business; or (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of Upon a decree of judicial dissolution under § 18-802 of the Delaware ActClass A Vote.

Appears in 3 contracts

Sources: Operating Agreement (NGA Holdco, LLC), Limited Liability Company Agreement (OCM HoldCo, LLC), Operating Agreement (NGA Holdco, LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, a “Dissolution Event”): (a) The determination of the Board Managing Member to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (ContextLogic Inc.), Limited Liability Company Agreement (ContextLogic Inc.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) 12.1.1 The determination of the Board to dissolve the Company; (b) 12.1.2 An election to dissolve the Company made by the holders of a majority of the Voting Units or as provided in Section 9.04(c)Common Units; (c) 12.1.3 The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) 12.1.4 The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Forterra, Inc.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority under Section 608.4491 of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware ActCode.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Biolectron, Inc.), Limited Liability Company Agreement (Biolectron, Inc.)

Events of Dissolution. 6.1 The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an "Event of Dissolution"): (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority of the Voting Units or as provided in under Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (AmerUs Capital V), Limited Liability Company Agreement (AmerUs Capital V)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an “Event of Dissolution”): (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority under Section 608.441 of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 2 contracts

Sources: Operating Agreement (Forida East Coast Railway L.L.C.), Operating Agreement (Forida East Coast Railway L.L.C.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an “Event of Dissolution”): (a) The determination Members holding a majority of the Board to dissolve the CompanyCommon Interests vote for dissolution; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)The Board votes for dissolution; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets A judicial dissolution of the CompanyCompany under Section 18-802 of the Act; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware ActAt any time at which there shall be no Members.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (NRG Retail LLC), Limited Liability Company Agreement (NRG Retail LLC)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the CompanyCompany pursuant to this Agreement; (b) An election to dissolve the Company made by holders of a majority two thirds of the Voting Units or as provided in Section 9.04(c)Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Actdissolution.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an "Event of Dissolution"): (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority of the Voting Units or as provided in under Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-18- 802 of the Delaware Act. No other event, including the retirement, insolvency, liquidation, dissolution, insanity, expulsion, bankruptcy, death, incapacity or adjudication of incompetency of a Member, shall cause the Company to be dissolved.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Biltmore Surgery Center Holdings Inc)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by the holders of a majority of the Voting Series A Units or as provided and Series B Units in accordance with Section 9.04(c4.06(d); (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Longeveron LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority at least 80% of the Voting outstanding Units or voting together as provided in Section 9.04(c)a single class; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § Section 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (BIT ORIGIN LTD)

Events of Dissolution. The Company shall be dissolved dissolved, and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board Members to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § Section 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Lendway, Inc.)

Events of Dissolution. The Company shall be dissolved and is its affairs shall be wound up only upon the occurrence of any an Event of Dissolution. An Event of Dissolution shall occur upon the following eventsearlier of: (a) The determination the expiration of the Board to dissolve term of the Company, if any, as provided for in the Articles of Organization or this Agreement; (b) An election a Majority Vote of the Common Members and a Majority Vote of the Preferred Members to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The the entry of a decree of judicial dissolution under § 18-802 of the Delaware Company under the Act.

Appears in 1 contract

Sources: Operating Agreement (Terra Investment Fund LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of Prior to the Board to dissolve the Company; (b) An Phase 2 Closing, an election to dissolve the Company made by holders of a majority all of the Voting Units or as provided in Section 9.04(c)Members and subsequent to the Phase 2 Closing, an election to dissolve made by the Class B Member; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Operating Agreement (BBX Capital Florida LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by the holders of a the majority of the Voting Units or as provided in Section 9.04(c)issued and outstanding Class A Units; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware ActDLLCA.

Appears in 1 contract

Sources: Operating Agreement

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by the holders of a majority of the Voting Units or as provided in Section 9.04(c)Membership Interests; (cb) The sale, exchange, involuntary conversion, conversion or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 Section 605.0705 of the Delaware ActRLLCA.

Appears in 1 contract

Sources: Operating Agreement

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events:‌ (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by the holders of a majority of the Voting Units or as provided in Section 9.04(c)Membership Interests; (cb) The sale, exchange, involuntary conversion, conversion or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 Section 605.0705 of the Delaware ActRLLCA.

Appears in 1 contract

Sources: Operating Agreement

Events of Dissolution. The Company shall be dissolved and is its affairs shall be wound up only upon the occurrence of any of the following events: (a) The determination the conclusion of the Board to dissolve term of the Company set forth in Section 2.3 hereof; (b) the sale or disposition of all or substantially all of the assets of the Company; (bc) An election to dissolve the Company made by holders of a majority written consent of the Voting Units Members owning eighty percent (80%) or as provided more of the Percentage Interests in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The the entry of a decree of judicial dissolution under § 18-802 in accordance with the provisions of the Delaware Act.

Appears in 1 contract

Sources: Operating Agreement

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ebi, LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The unanimous determination of the Board Members to dissolve the Company; (b) An election to dissolve the Company made by holders The Bankruptcy of a majority Member, unless within thirty (30) days after the occurrence of such Bankruptcy, the Voting Units or as provided Board agrees in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all writing to continue the assets business of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board Managing Member to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Common Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Equity Incentive Unit Grant Agreement

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Common Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ternio, LLC)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events, whether or not the event would cause a dissolution under the Act: (a) The determination any order of the Board to dissolve the Companycourt of competent jurisdiction requiring dissolution; (b) An election the written agreement to dissolve the Company made executed by holders of a majority of the Voting Units or as provided in Section 9.04(c);Member; or (c) The salea merger or exchange in which the Company is not the surviving entity. Except as specifically stated in this Section 5.1, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all no event that would cause a dissolution under the assets Act shall cause a dissolution of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (AmSurg Rockledge FL Anesthesia, LLC)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority at least 60.0% of the Voting Units or as provided in Section 9.04(c)Common Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Liquid Holdings Group LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Class A Requisite Members; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § Section 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Subscription Agreement

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Membership Interests; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Creatd, Inc.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an "Event of Dissolution"): (a) The determination of the Board to dissolve the Company;Member votes for dissolution; or (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority under Section 183.0902 of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Wisconsin Gas Co)

Events of Dissolution. The Company shall will be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by in writing by the written approval of the holders of a majority not less than 60% of the Voting Units or as provided in Section 9.04(c)issued and outstanding Units; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer transfer of all or substantially all the assets of the Company, other than water sales; or (dc) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Operating and Management Agreement (Rocky Mountain High Brands, Inc.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 44 of the Delaware Massachusetts Act.

Appears in 1 contract

Sources: Operating Agreement (Agrify Corp)

Events of Dissolution. The Company shall will be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, a “Dissolution Event”): (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority the Requisite Approval of the Voting Units or as provided in Section 9.04(c)Committee; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all of the assets of the Company, other than a transaction that constitutes a Change of Control; or (dc) The entry of a decree of judicial dissolution under § Section 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Faraday Future Intelligent Electric Inc.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events: (a) The the determination of the Board to dissolve the Company; (b) An an election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Board; (c) The the sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The the entry of a decree of judicial dissolution under § Section 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Village Farms International, Inc.)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Common Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Virginia Act.

Appears in 1 contract

Sources: Operating Agreement (Helpful Alliance Co)

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The unanimous determination of the Board all Managers to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the CompanyCompany in accordance with Section 8.10; or (dc) The the entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement

Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board Manager to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Common Units; (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Global Defense & National Security Holdings LLC)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an “Event of Dissolution”): (ai) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the CompanyMember votes for dissolution; or (dii) The entry A judicial dissolution of the Company under Sections 605.0702 and 605.0703 of the Act; or (iii) death of Member; or (iv) bankruptcy of a decree of judicial dissolution under § 18-802 of the Delaware Act.Member

Appears in 1 contract

Sources: Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Events of Dissolution. The Company shall be dissolved and is its affairs wound up only upon the occurrence of any of the following events:events (each, an “Event of Dissolution”): (a) The determination of the Board to dissolve the CompanyMember votes for dissolution; (b) An election to dissolve A judicial dissolution of the Company made by holders of a majority of the Voting Units or as provided in under Section 9.04(c); (c) The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company; or (d) The entry of a decree of judicial dissolution under § 18-802 of the Delaware Act; or (c) when otherwise required by the Act or applicable law.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Deluxe Business Operations, Inc.)

Events of Dissolution. The Company shall be dissolved dissolved, and is its affairs wound up only upon the occurrence of any of the following events: (a) The determination of the Board to dissolve the Company; (b) An election to dissolve the Company made by holders of a majority of the Voting Units or as provided in Section 9.04(c)Manager and the Class A Member; (cb) The sale, exchange, involuntary conversion, or other disposition or Transfer transfer of all or substantially all the assets of the Company; or (dc) The entry of a decree of judicial dissolution under § §18-802 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Salona Global Medical Device Corp)