Common use of Right to Dissolve Clause in Contracts

Right to Dissolve. After notice of termination, the Holders ----------------- shall consult in good faith for sixty (60) days concerning the disposition of their respective interests in LAK and the future operations of LAK. If the Holders do not sign a written agreement regarding such matters within such sixty (60) days and if any application or petition is not submitted for the commencement of any proceedings described in Section 5.3(a)(ii), then each Holder shall have the option to cause dissolution of LAK under the Code by giving written notice of dissolution to the other Holders and LAK. Upon such notice, each Holder and LAK shall take all actions (including voting of Shares in favor for dissolution) required to dissolve and liquidate LAK in accordance with applicable laws and regulations.

Right to Dissolve. After notice of termination, the Holders shall ----------------- shall consult in good faith for sixty (60) 60 days concerning the disposition of their respective interests in LAK LAJ and the future operations of LAKLAJ. If the Holders do not sign a written agreement regarding such matters within such sixty (60) 60 days and if any application or petition is not submitted for the commencement of any proceedings described in Section 5.3(a)(ii), then each Holder shall have the option to cause dissolution of LAK LAJ under the Code by giving written notice of dissolution to the other Holders and LAKLAJ. Upon such notice, each Holder and LAK LAJ shall take all actions (including voting of Shares in favor for dissolution) required to dissolve and liquidate LAK LAJ in accordance with applicable laws and regulations.