Common use of Dissolution of the Company Clause in Contracts

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein upon the (i) withdrawal, resignation or bankruptcy of the Member, (ii) the termination of the legal existence of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act (an Event of Withdrawal).

Dissolution of the Company. 12.2 (a) The Company shall be dissolvedshall, wound up and terminated as provided herein upon in one of the following cases (i) withdrawal, resignation dismiss most of all members by written agreement: or bankruptcy of the Member, (ii) in accordance with the termination entry of the legal existence Judicial Dissolution Statute in accordance with §18-802 of the Act. (b) The death, retirement, retirement, bankruptcy or dissolution of a Member or the occurrence of any other an event which that terminates the Member's continued membership shall not in itself cause dissolution of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act (an Event of Withdrawal)Company.

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein dissolved only upon the earlier of: (i) withdrawal, resignation or bankruptcy approval of the dissolution of the Company by the Management Committee and the Sole Member, (ii) the termination of the legal existence of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act Company in accordance with the Act, or (an Event iii) the occurrence of Withdrawal)any event which terminates the membership in the Company of the last remaining Member unless, within 90 days after such event, a new Member is admitted to the Company, with the approval of the Management Committee, effective as of the date of the event which terminated the membership of the last remaining Member.

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein dissolved upon the (i) withdrawal, resignation affirmative vote or bankruptcy written consent of the Member, (ii) the termination Managers of the legal existence Company or judicial dissolution of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution Company under Section 18-802 of the Act (an Event Act. The death, retirement, resignation, expulsion, bankruptcy or dissolution of Withdrawal)any Member or the occurrence of any event that terminates the continued membership of any Member shall not cause the Company to be dissolved or its affairs to be wound up, and upon the occurrence of any such event, the Company shall be continued without dissolution.

Dissolution of the Company. 12.2 (a) The Company shall be dissolved, wound up and terminated as provided herein dissolved only upon the earlier of: (i) withdrawal, resignation or bankruptcy approval of the dissolution of the Company by the Sole Member, (ii) the termination of the legal existence of the Member or the occurrence of any other event which terminates the continued membership of the Member or (iii) the entry of a decree of judicial dissolution under Section 18-802 of the Act Company in accordance with the Act, or (an Event iii) the occurrences of Withdrawal)any event which terminates the membership in the Company of the last remaining Member unless, within 90 days after such event, a new Member is admitted to the Company, with the approval of the Sole Member, effective as of the date of the event which terminated the membership of the last remaining Member.