Common use of Dissolution Event Clause in Contracts

Dissolution Event. Upon the occurrence of the death, withdrawal, resignation, expulsion, bankruptcy or dissolution of any Member (“Dissolution Event”), the Company shall dissolve unless the Remaining Members who hold a majority of Remaining Membership Interest agree within ninety (90) days to continue the business of the Company. The Company and/or the Remaining Members may purchase the Former Member’s Membership Interest as provided in this Article.

Dissolution Event. Upon the occurrence of the death, withdrawal, resignation, expulsion, bankruptcy or dissolution of any Member (“a Dissolution Event”), the Company shall dissolve unless all of the remaining Members (“Remaining Members who hold a majority of Remaining Membership Interest agree Members”) consent within ninety (90) days of the Dissolution Event to continue the continuation of the business of the Company, and, if required by the Act, an additional Member is admitted to the Company. The Company and/or In the event the Remaining Members may purchase do not consent to the Former Membercontinuation of the business of the Company, the Company’s Membership Interest as provided name and any service marks or trademarks shall be distributed to the Remaining Members in this Articlethe dissolution of the Company.

Dissolution Event. Upon the occurrence of the death, withdrawal, resignation, expulsion, bankruptcy or dissolution of any Member (“a Dissolution Event”), the Company shall dissolve unless all of the remaining Members ("Remaining Members who hold a majority of Remaining Membership Interest agree Members") consent within ninety (90) days of the Dissolution Event to continue the continuation of the business of the Company, and, if required by the Corporations Code, an additional Member is admitted to the Company. The Company and/or In the event the Remaining Members may purchase do not consent to the Former Member’s Membership Interest as provided continuation of the business of the Company, the Company's name and any service marks or trademarks shall be distributed to the Remaining Members in this Articlethe dissolution of the Company.