Common use of Dissolution of Company Clause in Contracts

Dissolution of Company. 21.01. The Company shall be dissolved, its assets shall be disposed of, and its affairs shall be wound up on the first to occur of the following events: (a) Unanimous determination by all of the Members that the Company should be dissolved. (b) The expiration of the Company term as stated in the Articles, if any. (c) On the dissolution, bankruptcy, resignation, or expulsion of any Member unless at least fifty percent (50%) of the remaining Members consent to continue the Company within ninety (90) days of the dissolution event. (d) At any earlier time as may be provided by applicable law.

Dissolution of Company. 21.0126.01. The Company shall be dissolved, its assets shall be disposed of, and its affairs shall be wound up on the first to occur of the following events: (a) Unanimous A determination by all more than 50% of the Members that the Company should be dissolved. (b) The expiration of the Company term as stated in the Articles, if any. (c) On the dissolutiondeath, insanity, bankruptcy, retirement, resignation, or expulsion of any Member unless at least fifty percent (50%) of the remaining Members consent to continue the Company within ninety (90) days of the dissolution event. (d) At any earlier time as may be provided by applicable law.

Dissolution of Company. 21.0125.01. The Company shall be dissolved, its assets shall be disposed of, and its affairs shall be wound up on the first to occur of the following events: (a) Unanimous A determination by all more than 50% of the Members that the Company should be dissolved. (b) The expiration of the Company term as stated in the Articles, if any. (c) On the dissolutiondeath, insanity, bankruptcy, retirement, resignation, or expulsion of any Member unless at least fifty percent (50%) of the remaining Members consent to continue the Company within ninety (90) days of the dissolution event. (d) At any earlier time as may be provided by applicable law.