Common use of No Action for Dissolution Clause in Contracts

No Action for Dissolution. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 11.2. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Interests of all Members. To the fullest extent permitted by law, each Member hereby waives and renounces its right to initiate legal action to seek dissolution or to seek the appointment of a receiver or trustee to liquidate the Company.

No Action for Dissolution. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 11.2Company. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Interests interests of all Members. To the fullest extent permitted by lawAccordingly, each Member hereby waives and renounces its right to initiate legal action to seek dissolution or to seek the appointment of a receiver or trustee to liquidate the Company.

No Action for Dissolution. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any either Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 11.211. 1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interests of all both Members. To the fullest extent permitted Accordingly, except where liquidation and dissolution are required by lawSection 11.1, each Member hereby waives and renounces its right to initiate legal action to seek dissolution or to seek the appointment of a receiver or trustee to liquidate the Company.

No Action for Dissolution. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 11.2Company. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Interests interests of all Members. To the fullest extent permitted by lawAccordingly, each Member hereby waives and renounces its right to initiate legal action to seek dissolution dissolution, or to seek the appointment of a receiver or trustee to liquidate the Company.

No Action for Dissolution. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 11.2Company. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Interests of all Members. To Accordingly, except where the fullest extent permitted Managers have failed to liquidate the Company as required by lawSection 14(a) and Section 14(b), each Member hereby waives and renounces its right to initiate legal action to seek dissolution or to seek the appointment of a receiver or trustee to liquidate the Company.