Dissolution Generally Sample Clauses

Dissolution Generally. Except as provided in this Agreement, no Partner shall have the right to cause any dissolution of the Company before expiration of its term.
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Dissolution Generally. Except as provided in this Agreement, no Shareholder shall have the right to cause any dissolution of the Company before expiration of its term.
Dissolution Generally. Except as provided in this Agreement and by the Delaware Act, no Member shall have the right to cause the dissolution of the Company.
Dissolution Generally. 28 15.2 Continuation of Company............................................................................28 15.3 Events Causing Dissolution.........................................................................28 15.4
Dissolution Generally. 56 13.2 Continuation.....................................................56 13.3 Events Causing Dissolution.......................................56 13.4 Events of Bankruptcy of Member...................................57 13.5 Withdrawal of Members............................................58
Dissolution Generally. Unless specified otherwise in this Agreement, the Partnership shall dissolve, its affairs shall be wound up, and its assets liquidated upon the unanimous consent of the Partners or an Event of Dissolution.
Dissolution Generally 
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Related to Dissolution Generally

  • Dissolution Winding Up (a) The Company shall be dissolved upon: (i) the adoption of a plan of dissolution by the Sole Member or (ii) the occurrence of any event required to cause the dissolution of the Company under the Delaware Limited Liability Company Act. (b) Any dissolution of the Company shall be effective as of the date on which the event occurs giving rise to such dissolution, but the Company shall not terminate unless and until all its affairs have been wound up and its assets distributed in accordance with the provisions of the Delaware Limited Liability Company Act. (c) Upon dissolution of the Company, the Company shall continue solely for the purposes of winding up its business and affairs as soon as reasonably practicable. Promptly after the dissolution of the Company, the Sole Member shall designate one or more persons (the “Liquidating Trustees”) to accomplish the winding up of the business and affairs of the Company. Upon their designation, the Liquidating Trustees shall immediately commence to wind up the affairs of the Company in accordance with the provisions of this Agreement and the Delaware Limited Liability Company Act. In winding up the business and affairs of the Company, the Liquidating Trustees may take any and all lawful actions that they determine in their sole discretion to be in the best interests of the Sole Member, including, but not limited to, any actions relating to: (i) causing written notice by registered or certified mail of the Company’s intention to dissolve to be mailed to each known creditor of and claimant against the Company; (ii) the payment, settlement or compromise of existing claims against the Company; (iii) the making of reasonable provisions for payment of contingent claims against the Company; and (iv) the sale or disposition of the properties and assets of the Company. It is expressly understood and agreed that a reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the satisfaction of claims against the Company so as to enable the Liquidating Trustees to minimize the losses that may result from a liquidation.

  • Dissolution and Liquidation (Check One)

  • Dissolution The Company shall dissolve, and its affairs shall be wound up, upon the first to occur of the following: (a) the written consent of the Member or (b) the entry of a decree of judicial dissolution under Section 18-802 of the Act.

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