Common use of Conditions of Dissolution Clause in Contracts

Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 Upon the happening of any event of dissolution specified in the Certificate; 12.1.2 Upon the entry of a decree of judicial dissolution pursuant to Section 17351 of the Corporations Code; 12.1.3 Upon the vote of all of the Members which may only be taken if the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

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Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 Upon the 12.1.1. The happening of any event of dissolution specified in the Certificate; 12.1.2 Upon 12.1.2. The unanimous vote of the entry Members in favor of dissolution; 12.1.3. The occurrence of a decree of judicial dissolution pursuant to Section 17351 Dissolution Event and the decision of the Corporations Code;Remaining Members to dissolve the Company within ninety (90) days after the occurrence of such event; or 12.1.3 Upon the vote 12.1.4. The sale of all or substantially all of the Members which may only be taken if the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;assets of Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solar Power, Inc.)

Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 a. Upon the happening of any event of dissolution specified in the CertificateArticles; 12.1.2 b. Upon the entry of a decree of judicial dissolution pursuant to Section 17351 of the Corporations Code; 12.1.3 c. Upon the vote of Members holding at least Ninety percent (90%) of the Membership Interest; d. The occurrence of a Dissolution Event and the failure of the Remaining Members to consent in accordance with Section 7.1 to continue the business of the Company within ninety (90) days after the occurrence of such event; or e. The sale of all or substantially all of the Members which may only be taken if assets of the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;Company.

Appears in 1 contract

Samples: Operating Agreement

Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 A. Upon the happening of any event of dissolution specified in the CertificateArticles; 12.1.2 B. Upon the entry unanimous vote of Members; C. The occurrence of a decree of judicial dissolution pursuant to Section 17351 Dissolution Event and the failure of the Corporations Code;Remaining Members to consent in accordance with Section 7.1 to continue the business of the Company within ninety (90) days after the occurrence of such event; or 12.1.3 Upon the vote D. The sale of all or substantially all of the Members which may only be taken if assets of the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;Company.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 A. Upon the happening of any event of dissolution specified in the CertificateArticles; 12.1.2 B. Upon the entry unanimous vote of Members; C. The occurrence of a decree of judicial dissolution pursuant to Section 17351 Dissolution Event and the failure of the Corporations Code;Remaining Members to consent in accordance with Section 7.1 to continue the business of the Company within ninety (90) days after the occurrence of such event; or 12.1.3 Upon the vote D. The sale of all or substantially all of the Members which may only be taken if assets of the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;Company.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

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Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 A. Upon the happening of any event of dissolution specified in the CertificateArticles; 12.1.2 B. Upon the entry of a decree of judicial dissolution pursuant to Section 17351 of the Corporations Code; 12.1.3 C. Upon the vote of Members holding at least 51 percent ( %) of the Membership Interests; D. The occurrence of a Dissolution Event and the failure of the Remaining Members to consent in accordance with Section 7.1 to continue the business of the Company within ninety (90) days after the occurrence of such event; or E. The sale of all or substantially all of the Members which may only be taken if the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;assets of Company.

Appears in 1 contract

Samples: Operating Agreement

Conditions of Dissolution. The Company shall dissolve upon the ------------------------- occurrence of any of the following events: 12.1.1 A. Upon the happening of any event of dissolution specified in the CertificateArticles of Organization; 12.1.2 B. Upon the entry of a decree of judicial dissolution pursuant to under Section 17351 605.0702 of the Corporations CodeAct; 12.1.3 Upon C. With the vote consent of all the Members; D. The occurrence of a Dissolution Event and the failure of the Remaining Members to consent in accordance with Section 7.1 to continue the business of the Company within ninety (90) days after the occurrence of such event; or E. The sale of all or substantially all of the Members which may only be taken if assets of the Company has completed all remediation work which would be required to sell any Assets owned by the Company or Project LLC's as if such Assets were not environmentally impaired;Company.

Appears in 1 contract

Samples: Partnership Agreement

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