Common use of No Dissolution Clause in Contracts

No Dissolution. The Company shall not be dissolved by the admission of additional Members, the withdrawal of a Member or the written consent of all Members, but shall continue to exist in perpetuity, except in accordance with the terms of this Agreement. Upon the death, retirement, resignation, expulsion, Bankruptcy or dissolution of any Member the Company shall not dissolve and its affairs shall not be wound up except as set forth in Section 9.2 below.

Appears in 12 contracts

Samples: Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC)

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No Dissolution. The Company shall not be dissolved by the admission of additional Members, the withdrawal of a Member or the written consent of all Members, but shall continue to exist in perpetuity, except in accordance with the terms of this Agreement. Upon the death, retirement, resignation, expulsion, Bankruptcy or dissolution of any Member the Company shall not dissolve and its affairs shall not be wound up except as set forth in Section 9.2 9.02 below.

Appears in 4 contracts

Samples: Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC)

No Dissolution. The Company shall not be dissolved by the admission of additional Members, the withdrawal of a Member or the written consent of all Members, but shall continue to exist in perpetuity, except Members in accordance with the terms of this Agreement. Upon Except as provided in Sections 15.2(b) of this Agreement, the death, retirement, resignation, expulsion, Bankruptcy bankruptcy or dissolution of a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company, shall not cause the Company to be dissolved and its affairs wound up so long as the Company at all times has at least two Members. Upon the occurrence of any such event, the business of the Company shall not dissolve and its affairs shall not be wound up except as set forth in Section 9.2 belowcontinued without dissolution.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cellnet Data Systems Inc), Limited Liability Company Agreement (Icg Funding LLC), Limited Liability Company Agreement (Cellnet Data Systems Inc)

No Dissolution. The Company shall not be dissolved by the admission of additional Members, the withdrawal of a Member or the written consent of all Members, but shall continue to exist in perpetuity, except Members in accordance with the terms of this Agreement. Upon Except as provided in Sections 15.2(b) and (c), the death, retirement, resignation, expulsion, Bankruptcy bankruptcy or dissolution of a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company, shall not cause the Company to be dissolved and its affairs wound up so long as the Company at all times has at least two Members. Upon the occurrence of any such event, the business of the Company shall not dissolve and its affairs shall not be wound up except as set forth in Section 9.2 belowcontinued without dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Morgan J P & Co Inc), Limited Liability Company Agreement (Morgan J P & Co Inc)

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No Dissolution. The Company shall not be dissolved by the admission -------------- of additional Members, the withdrawal of a Member or the written consent of all Members, but shall continue to exist in perpetuity, except Members in accordance with the terms of this AgreementAgreement or, except as provided in Section 12.2, by any event which terminates the continued membership of a ------------ Member in the Company, so long as the Company at all times has at least one Member. Upon the death, retirement, resignation, expulsion, Bankruptcy or dissolution occurrence of any Member such event, the business of the Company shall not dissolve and its affairs shall not be wound up except as set forth in Section 9.2 belowcontinued without dissolution.

Appears in 1 contract

Samples: Operating Agreement (Maxwell Shoe Co Inc)

No Dissolution. The Company shall not be dissolved by the admission of additional Members, the withdrawal of a Member or the written consent of all Members, but shall continue to exist in perpetuity, except in accordance with the terms of this Agreement. Upon the death, retirement, resignation, expulsion, Bankruptcy or dissolution of any Member (other than the Bankruptcy, death, resignation or dissolution of all members of the Board of Advisors as set forth in Section 10.02(a) below), the Company shall not dissolve and its affairs shall not be wound up except as set forth in Section 9.2 belowup.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Acme Television LLC)

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