Common use of Cancellation of Articles of Organization Clause in Contracts

Cancellation of Articles of Organization. The Company shall terminate when (i) all of the assets of the Company, after payment of or due provision for all debts liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Agreement and (ii) the Articles of Organization shall have been canceled in the manner required by the Act.

Cancellation of Articles of Organization. The Upon the completion of the liquidation of the Company cash and property as provided in Section 13.2, the Company shall terminate when (i) all of the assets of the Company, after payment of or due provision for all debts liabilities be terminated and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Agreement and (ii) the Articles of Organization and all qualifications of the Company as a foreign limited liability company in jurisdictions other than the State of New York shall have been be canceled in and such other actions as may be necessary to terminate the manner required by the ActCompany shall be taken.

Cancellation of Articles of Organization. The Company shall terminate when (i) all Upon the completion of the assets distribution of Company cash and property as provided in Section 8.3 in connection with the liquidation of the Company, after payment of or due provision for all debts liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Agreement and (ii) the Articles of Organization and all qualifications of the Company as a foreign limited liability company in jurisdictions other than the State of New York shall have been be canceled in and such other actions as may be necessary to terminate the manner required by the ActCompany shall be taken.