Common use of Date of Dissolution Clause in Contracts

Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Notwithstanding the dissolution of the Company, prior to the termination of the Company the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.

Appears in 6 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Kennedy-Wilson Properties (IL)), Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

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Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Notwithstanding the dissolution of the Company, prior to the termination of the Company the business of the Company and the rights and obligations of the MembersMembers and Economic Interest Holders, as such, shall continue to be governed by this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Internetstudios Com Inc), Limited Liability Company Agreement (Internetstudios Com Inc)

Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Notwithstanding the dissolution of the Company, prior to the termination of the Company Company, the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.

Appears in 1 contract

Samples: Operating Agreement (New England Cape Gods, Inc.)

Date of Dissolution. Dissolution of the Company shall will be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall will not terminate until the assets of the Company have been liquidated and distributed as provided hereinin this Agreement. Prior to a dissolution pursuant to Section 10.1, the Manager, in its sole discretion, may extend the period of time between the date of Closing and the Outside Date by unlimited successive one-year periods. Notwithstanding the dissolution of the Company, prior to the termination of the Company Company, the business of the Company and the rights and obligations of the Members, as such, shall Members will continue to be governed by this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Freeport Holdings Series LLC)

Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided hereinherein and no sooner than the date that is thirty (30) days after the dissolution event. The Class B Members shall promptly be given written notice of any dissolution event. Notwithstanding the dissolution of the Company, prior to the termination of the Company the business of the Company and the rights and obligations of the MembersMembers and Economic Interest Holders, as such, shall continue to be governed by this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Internetstudios Com Inc)

Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Prior to a dissolution pursuant to Paragraph 10.1, the Manager, in its sole discretion, may extend the period of time between the date of Closing and the Outside Date by unlimited successive one (1) year periods. Notwithstanding the dissolution of the Company, prior to the termination of the Company Company, the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.Agreement.‌‌‌

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Date of Dissolution. Dissolution of the Company shall be effective on the ------------------- day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Notwithstanding the dissolution of the Company, prior to the termination of the Company the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.

Appears in 1 contract

Samples: Liability Company Agreement (Southwest Water Co)

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Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Prior to a dissolution pursuant to Paragraph 10.1, the Manager, in its sole discretion, may extend the period of time between the date of Closing and the Outside Date by unlimited successive one (1) year periods. Notwithstanding the dissolution of the Company, prior to the termination of the Company Company, the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Date of Dissolution. Dissolution of the Company Company’s dissolution shall be effective on the day on which the event occurs giving rise to the dissolutionthereto, but the Company shall not terminate until the its assets of the Company have been liquidated and distributed as provided herein. Notwithstanding the dissolution of the Companya dissolution, prior to the termination of the Company termination, the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Harbin Electric, Inc)

Date of Dissolution. Dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall not terminate until the assets of the Company have been liquidated and distributed as provided herein. Prior to a dissolution pursuant to Paragraph 10.1, the Manager, in its sole discretion, may extend the period of time between the date of Closing and the Outside Date by unlimited successive one (1) year periods. Notwithstanding the dissolution of the Company, prior to the termination of the Company Company, the business of the Company and the rights and obligations of the Members, as such, shall continue to be governed by this Agreement.Agreement.‌

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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