Conditions of Dissolution. The LLC shall be dissolved, its assets shall be disposed of, and its affairs wound up on the first to occur of the following: (a) a determination by Members having an aggregate Percentage Interest greater than sixty-six and two-thirds percent (66 2/3%) that the LLC shall be dissolved and wound up; (b) the sale of all or substantially all of the assets of the LLC; (c) the entry of a decree of judicial dissolution by a court of competent jurisdiction providing for the dissolution of the LLC; or (d) the occurrence of any other event which causes the dissolution of the LLC by operation of law.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Peoples Liberation Inc), Limited Liability Company Operating Agreement (Peoples Liberation Inc), Operating Agreement (Peoples Liberation Inc)
Conditions of Dissolution. The LLC shall be dissolved, its assets shall be disposed of, and its affairs wound up on the first to occur of the following:
(a) a unanimous determination by the Members having an aggregate Percentage Interest greater than sixty-six and two-thirds percent (66 2/3%) that the LLC shall be dissolved and wound up;
(b) as provided in Section 15.12;
(c) the sale of all or substantially all of the assets of the LLC;
(cd) the entry of a decree of judicial dissolution by a court of competent jurisdiction providing for the dissolution of the LLC; or
(de) the occurrence of any other event which causes the dissolution of the LLC by operation of law.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group)
