Causes of Termination. The Company shall be dissolved, and its affairs shall be wound up, upon the occurrence of any of the following events: (1) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company unless the Company is continued in a manner permitted by this Agreement or the Act; (2) the entry of a decree of judicial dissolution under Section 18-802 of the Act; or (3) any other event which pursuant to this Agreement, as the same may hereafter be amended, shall cause a termination of the Company.
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Samples: Limited Liability Company Agreement (Rhino Equity LLC), LLC Operating Agreement (Tarantula Ventures LLC), LLC Operating Agreement (Tarantula Ventures LLC)
Causes of Termination. The Company shall be dissolved, and its affairs shall be wound up, upon the occurrence of any of the following events:
(1) the termination of the legal existence of the last remaining member of the Company Member or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company Member unless the Company is continued in a manner permitted by this Agreement or the Act;
(2) the entry of a decree of judicial dissolution under Section 18-802 of the Act; or
(3) any other event which pursuant to this Agreement, as the same may hereafter be amended, shall cause a termination of the Company.
Appears in 3 contracts
Samples: LLC Operating Agreement (Tarantula Ventures LLC), LLC Operating Agreement (Tarantula Ventures LLC), LLC Operating Agreement (Tarantula Ventures LLC)
Causes of Termination. The Company shall be dissolved, and its affairs shall be wound up, upon the occurrence of any of the following events:
(1) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued in a manner permitted by this Agreement or the Act;
(2) the entry of a decree of judicial dissolution under Section 18-802 of the Act; or
(3) any other event which pursuant to this Agreement, as the same may hereafter be amended, shall cause a termination of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tarantula Ventures LLC)
Causes of Termination. The Company shall be dissolved, and its affairs shall be wound up, upon the occurrence of any of the following events:
(1) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company unless the Company is continued in a manner permitted by this Agreement or the Act;; Limited Liability Company Agreement Whale Ventures LLC
(2) the entry of a decree of judicial dissolution under Section 18-802 of the Act; or
(3) any other event which pursuant to this Agreement, as the same may hereafter be amended, shall cause a termination of the Company.
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