Dissolution Avoidance Consent. Notwithstanding the provisions of Section 12.1 herein, or any event of dissolution provided by the Act, the Company shall not be dissolved and shall not be required to be wound up and terminated following an event of dissolution, provided that there is at least one (1) remaining Member and a majority in interest of the remaining Members consent to the continuation of the Company.
Appears in 5 contracts
Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.)
Dissolution Avoidance Consent. Notwithstanding An event that terminates the provisions continued membership of Section 12.1 herein, or any event of dissolution provided by the Act, the Company a Member shall not cause the company to be dissolved and shall not be required to be wound up and terminated following unless it is the last or sole member of the Company. After the occurrence of an event event, as provided in Section 13.1, that terminates the continued membership of dissolutionanother Member in the Company, provided that there is at least one (1) each remaining Member and a majority in interest of the remaining Members may be asked to consent to the continuation of the Company as a legal entity without dissolution and to the continuation of its business, pursuant to the power set forth in Article V of the Articles of Organization of the Company.
Appears in 3 contracts
Samples: Member Control Agreement, Member Control Agreement, Member Control Agreement (Red Trail Energy, LLC)
