Reconstitution. If it is determined by a court of competent jurisdiction that the Company has dissolved prior to the occurrence of a Dissolution Event, then, within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 2 contracts
Samples: Operating Agreement (Macquarie Infrastructure CO Trust), Operating Agreement (Macquarie Infrastructure CO Trust)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Liquidating Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIODReconstitution Period"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Operating Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Operating Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate dissolve and wind up its affairs in accordance with Section 14.2 hereof12.2. If such an election is made within the Reconstitution Period, then:
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Reconstitution. If it is determined by a court of competent jurisdiction that the Company has dissolved prior to the occurrence of a Dissolution Event, then, within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"“Reconstitution Period”), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 2 contracts
Samples: Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO LLC)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIODReconstitution Period"), all of the Members may elect to reconstitute the Company and continue its business Business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 2 contracts
Samples: Operating Agreement (Magellan Health Services Inc), Operating Agreement (Magellan Health Services Inc)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Liquidating Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"“Reconstitution Period”), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate dissolve and wind up its affairs in accordance with Section 14.2 hereof13.2. If such an election is made within the Reconstitution Period, then:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Liquidating Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIODReconstitution Period"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Operating Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Operating Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate dissolve and wind up its affairs in accordance accord-ance with Section 14.2 hereof12.2. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Samples: Operating Agreement
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) 90 days after such determination (the "RECONSTITUTION PERIOD"“Reconstitution Period”), all Members holding a majority of the Members Percentage Interests may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 11.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIODReconstitution Period"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 12.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Western Wind Energy Corp)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIODReconstitution Period"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 15.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Joint Sales Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"), all of the Members either Member may elect to reconstitute the Joint Sales Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Joint Sales Company shall liquidate and wind up its affairs in accordance with Section 14.2 12.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"), all Members holding a majority of the Members total issued and outstanding Units may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 12.02 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Reconstitution. If it is determined by a court of competent jurisdiction that the Company has dissolved prior to the occurrence of a Dissolution Event, then, within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 13.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Samples: Operating Agreement (Macquarie Infrastructure Assets Trust)
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIOD"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 13.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, then within an additional ninety (90) days after such determination (the "RECONSTITUTION PERIODReconstitution Period"), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Reconstitution. If it is determined determined, by a court of competent jurisdiction jurisdiction, that the Company has dissolved prior to the occurrence of a Dissolution Event, then, within an additional ninety (90) days after the effective date of such determination (the "RECONSTITUTION PERIOD"“Reconstitution Period”), all of the Members may elect to reconstitute the Company and continue its business on the same terms and conditions set forth in this Amended Agreement by forming a new limited liability company on terms identical to those set forth in this Amended Agreement. Unless such an election is made within the Reconstitution Period, the Company shall liquidate and wind up its affairs in accordance with Section 14.2 11.2 hereof. If such an election is made within the Reconstitution Period, then:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (New England Realty Associates Limited Partnership)