Common use of Procedures on Dissolution Clause in Contracts

Procedures on Dissolution. Dissolution of the LLC shall be effective ------------------------- on the day on which occurs the event giving rise to the dissolution, but the LLC shall not terminate until the Certificate shall have been cancelled and the assets of the LLC shall have been distributed as provided herein. Notwithstanding the dissolution of the LLC, prior to the termination of the LLC, as aforesaid, the business of the LLC and the affairs of the Members, as such, shall continue to be governed by this Agreement. The Board of Directors or a liquidator appointed with the consent of the Members, shall liquidate the assets of the LLC, apply and distribute the proceeds thereof as contemplated by this Agreement and cause the cancellation of the Certificate.

Procedures on Dissolution. Dissolution of the LLC Company shall be effective ------------------------- on the day on which occurs the event giving rise to the dissolution, but the LLC Company shall not terminate until the Certificate shall have been cancelled canceled and the assets of the LLC Company shall have been distributed as provided herein. Notwithstanding the dissolution of the LLCCompany, prior to the termination of the LLCCompany, as aforesaid, the business of the LLC Company and the affairs of the Members, as such, shall continue to be governed by this Agreement. The Board of Directors or or, if there be no Board, a liquidator appointed with the consent of the Members, shall liquidate the assets of the LLCCompany, apply and distribute the proceeds thereof as contemplated by this Agreement and cause the cancellation of the Certificate.

Procedures on Dissolution. Dissolution of the LLC shall be effective ------------------------- on the day on which occurs the event giving rise to the dissolution, but the LLC shall not terminate until the its Certificate shall have been cancelled canceled and the assets of the LLC shall shall, have been distributed as provided herein. Notwithstanding the dissolution of the LLC, prior to the termination of the LLC, as aforesaid, the business of the LLC and the affairs of the Members, as such, shall continue to be governed by this Agreement. The Board of Directors or remaining Manager or, if there be none, a liquidator appointed with the consent Consent of the Members, shall liquidate the assets of the LLC, apply and distribute the proceeds thereof as contemplated by this Agreement and cause the cancellation of the Certificate.

Procedures on Dissolution. Dissolution of the LLC shall be effective ------------------------- on the day on which occurs the event giving rise to the dissolution, but the LLC shall not terminate until the Certificate shall have been cancelled and the assets of the LLC shall have been distributed as provided herein. Notwithstanding the dissolution of the LLC, prior to the termination of the LLC, as aforesaid, the business of the LLC and the affairs of the Members, as such, shall continue to be governed by this Agreement. The Board of Directors or Managers or, if there be none, a liquidator appointed with the consent Consent of the Members, shall liquidate the assets of the LLC, apply and distribute the proceeds thereof as contemplated by this Agreement and cause the cancellation of the Certificate.