Dissolution Liquidation and Termination of the Company. Section 8.1 Events Causing Dissolution. -------------------------- The Company shall dissolve upon and its affairs shall be wound up after the happening of any of the following events: 8.1.1 the Consent of all of the Members; 8.1.2 the sale or other disposition by the Company of all or substantially all of its assets; or 8.1.3 the entry of a decree of judicial dissolution under Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cmgi Inc), Limited Liability Company Agreement (Cmgi Inc)
Dissolution Liquidation and Termination of the Company. Section 8.1 7.1 Events Causing Dissolution. Dissolution -------------------------- The Company shall dissolve upon and its affairs shall be wound up after upon the happening of any of the following events:
8.1.1 the Consent of all of the Members;
8.1.2 (a) the sale or other disposition by the Company of all or substantially all of its assets;
(b) the Consent of Class A Members having a collective Percentage Interest of at least sixty percent (60%) to dissolve and liquidate the Company; or
8.1.3 (c) the entry of a decree of judicial dissolution under Section section 18-802 of the Act.
Appears in 1 contract
Dissolution Liquidation and Termination of the Company. Section 8.1 5.1 Events Causing Dissolution. -------------------------- The Company shall dissolve upon dissolve, and its affairs shall be wound up after upon the happening of any of the following events:events (each, a "Dissolution Event"):
8.1.1 the Consent of all of the Members;
8.1.2 A. the sale or other disposition by the Company of all or substantially all of its assets;
B. the consent of Members holding at least a Majority in Interest of the outstanding Member Units to dissolve and liquidate the Company; or
8.1.3 C. the entry of a decree of judicial dissolution under Section 18-802 of the Act.
Appears in 1 contract
