Common use of Conditions of Dissolution Clause in Contracts

Conditions of Dissolution. The Company shall be dissolved, its ------------------------- assets shall be disposed of, and its affairs wound up on the first to occur of the following: (a) the vote, consent or approval of a Majority in Interest of the Members at any time to dissolve the Company; (b) the occurrence of a Dissolution Event, unless within ninety (90) days after the occurrence, the remaining Members (other than the Member as to which Dissolution Event occurred) consent to continue the Company; (c) the Disposition of all of the property and assets of the Company; (d) the entry of a decree of judicial dissolution under the Act; or (e) the expiration of the term of existence of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Reading Entertainment Inc), Limited Liability Company Agreement (Craig Corp)

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Conditions of Dissolution. The Company shall be dissolved, its assets ------------------------- assets shall be disposed of, and its affairs wound up on the first to occur of the following: (a) the vote, consent or approval of a Majority in Interest of the Voting Members at any time to dissolve the Company; (b) the occurrence of a Dissolution Event, unless within ninety (90) 90 days after the occurrence, the remaining Voting Members (other than the Member as to which Dissolution Event occurred) consent to continue the Company; (c) the Disposition of all of the property and assets of the Company; (d) the entry of a decree of judicial dissolution under the Act; or (e) the expiration of the term of existence of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Craig Corp)

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Conditions of Dissolution. The Company shall be dissolved, its ------------------------- assets shall be disposed of, and its affairs wound up on the first to occur of the following: (a) the vote, consent or approval of a Majority in Interest of all the Members at any time prior to the date specified in Section 2.6 to dissolve the Company; (b) the occurrence of a Dissolution Event, unless if within ninety (90) 90 days after the occurrence, occurrence the remaining Members (other than the Member as to which such Dissolution Event occurred) consent owning in the aggregate more than 50% of both the profits interest and the capital interest in the Company elect to continue dissolve the Company; (c) the Disposition of all of the property and assets of the Company; (d) the entry of a decree of judicial dissolution under the Act; or (e) the expiration of the term of existence of the CompanyCompany as stated in Section 2.6.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Caminus Corp)

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