Common use of Dissolution and Termination Clause in Contracts

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iiic) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (ivd) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company COMPANY by the Manager MANAGING MEMBER (or, if the Manager MANAGING MEMBER has been removed for “"cause” " pursuant to Section 5.25.2 of this OPERATING AGREEMENT, an election to dissolve the Company COMPANY by an affirmative vote of the holders Shareholders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon)) or the BOARD OF DIRECTORS; (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the CompanyCOMPANY; (iiic) the entry of a decree of judicial dissolution of the Company COMPANY pursuant to the provisions of the Delaware ActDELAWARE ACT; or (ivd) at any time that there are no members Shareholders of the CompanyCOMPANY, unless the business of the Company COMPANY is continued in accordance with the Delaware ActDELAWARE ACT.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iviii) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon)Manager; (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares Bits then Outstanding entitled to vote thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the issued and Outstanding Common Shares then Outstanding entitled to vote thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iviii) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company which shall be ratified by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (i) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon);thereon); (ii) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company;Company; (iii) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; Act; or (iv) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iiic) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or; (ivd) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act; or (e) a judicial determination.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company by the Manager Board (or, if the Manager Board has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding outstanding entitled to vote thereon); (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iiic) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (ivd) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) a. The Company shall not be dissolved by the admission of Substitute Members or Additional MembersMembers associated with the Company. The Company shall dissolve, and its affairs shall be wound up, upon: (i) i. an election to dissolve the Company by the Manager (or, if Board of Directors that is separately approved by the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (ii) . the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iii) . the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) . at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iiic) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (ivd) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company by the Manager Board (or, if the either Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding outstanding entitled to vote thereon); (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iiic) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (ivd) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon: (ia) an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (iib) the sale, exchange or other disposition of all or substantially all of the assets and properties of the Company; (iiic) the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (ivd) at any time that there are no members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.

Dissolution and Termination. (a) The Company shall not be dissolved by the admission of Substitute Members or Additional MembersMembers or the withdrawal of a transferring Member following a Transfer associated with any Series. The Company shall dissolve, and its affairs shall be wound up, upon: (i) : an election to dissolve the Company by the Manager (or, if the Manager has been removed for “cause” pursuant to Section 5.2, an election to dissolve the Company by an affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote thereon); (ii) Managing Member; the sale, exchange or other disposition of all or substantially all of the assets and properties of all Series (which shall include the Company; (iiiobsolesce of a Series Property) and the subsequent election to dissolve the Company by the Managing Member; the entry of a decree of judicial dissolution of the Company pursuant to the provisions of the Delaware Act; or (iv) at any time that there are no members Members of the Company, unless the business of the Company is continued in accordance with the Delaware Act.; or