Common use of Exclusive Causes Clause in Contracts

Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated: (a) The occurrence of a Terminating Capital Transaction; (b) [The Incapacity of the Managing Member, unless [a Majority in Interest of] the Members votes to continue the Company within ninety

Appears in 1 contract

Sources: Limited Liability Company Agreement

Exclusive Causes. Notwithstanding the provisions of the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated: (a) The occurrence of a Terminating Capital Transaction; (b) [The Incapacity of the Managing Member, unless [a Majority in Interest of] the of all Members votes to continue the Company within ninetyfollowing the occurrence of such Terminating Capital Transaction; (b) Dissolution of the Company by the written election of all Members or by operation of law, including, without limitation, judicial dissolution.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Affymetrix Inc)

Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated: (a) The 7.2.1. the occurrence of a Terminating Capital Transaction; (b) [The Incapacity 7.2.2. the unanimous written consent of the Managing Member, unless [a Majority in Interest of] Members to dissolve the Members votes to continue the Company within ninetyCompany;

Appears in 1 contract

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

Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated: (a) The occurrence of a Terminating Capital Transaction;; or (b) [The Incapacity Approval of the Managing Member, unless [a Majority in Interest of] the Members votes to continue Members. Any dissolution of the Company within ninetyother than as provided in this Section 9.2 shall ------- be a dissolution in contravention of this Agreement.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Tejon Ranch Co)