Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur: (a) upon the written direction of the Member; or (b) the expiration of the term of the Company as provided in Section 2.5 hereof.
Appears in 47 contracts
Samples: Operating Agreement, Operating Agreement (EarthLink Holdings, LLC), Operating Agreement (CSL Capital, LLC)
Dissolution of the Company. The Company shall will be dissolved upon the happening of any of the following events, whichever shall first occur:
(ai) upon the written direction termination of the Memberlegal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the business of the Company is continued in a manner permitted by this Agreement or the Act;
(ii) the entry of a decree of judicial dissolution under the Act; or
(biii) the expiration of the term termination of the Company as provided in Section 2.5 hereofby the Board of Managers.
Appears in 11 contracts
Samples: Operating Agreement (MacroShares Housing Depositor, LLC), Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC)
Dissolution of the Company. The Company shall be dissolved upon the happening occurrence of any of the following events, whichever shall first occur:
(a) upon The determination by the written direction Member that the Company be dissolved;
(b) The expiration of the Memberperiod fixed for the duration of the Company set forth in the Certificate; or
(bc) the expiration Entry of the term a decree of judicial dissolution of the Company as provided in under Section 2.5 hereof18-802 of the Act.
Appears in 7 contracts
Samples: Operating Agreement (RAC Mexico Holdings II, LLC), Operating Agreement (RAC Mexico Holdings II, LLC), Operating Agreement (RAC Mexico Holdings II, LLC)
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
(a) upon the written direction of the MemberMembers; or
(b) the expiration of the term of the Company as provided in Section 2.5 hereof.
Appears in 5 contracts
Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (Windstream NuVox Arkansas, Inc.), Operating Agreement (Windstream NuVox Arkansas, Inc.)
Dissolution of the Company. The Company shall be dissolved dissolved, and shall terminate and wind up its affairs, upon the happening of any first to occur of the following events, whichever shall first occurfollowing:
(a) upon the written direction of determination by the Member; orMember to dissolve the Company;
(b) the expiration entry of a decree of judicial dissolution under the term of Act; or
(c) an administrative dissolution under the Company as provided in Section 2.5 hereofAct.
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement (FD Spinco II, Inc.), Operating Agreement (FD Spinco II, Inc.)
Dissolution of the Company. The Company shall be dissolved dissolved, and its affairs shall be wound up upon the happening of any first to occur of the following events, whichever shall first occur:
following: (a) upon the written direction action of the Member; or
members holding a majority of the Units held by all the members, (b) the expiration of the term at any time there are no members of the Company as provided unless the Company is continued in accordance with the Act, or (c) the entry of a decree of judicial dissolution under Section 2.5 hereof18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (St Louis Riverboat Entertainment Inc), Limited Liability Company Operating Agreement (Manchester Mall Inc)
Dissolution of the Company. The Company shall be dissolved upon the happening occurrence of any of the following events, whichever shall first occur:
(a) upon the written direction consent of all the Member; orMembers to dissolve the Company;
(b) the expiration consummation of any sale, lease, exchange, or other transfer in one transaction or a series of related transactions of all or substantially all of the term Company’s assets (for this purpose, excluding Financial Accounts Assets); or
(c) the entry of an order of judicial dissolution of the Company as provided in Section 2.5 hereofunder the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (MorningStar Partners, L.P.), Limited Liability Company Agreement (MorningStar Partners, L.P.)
Dissolution of the Company. The Company shall be dissolved upon on the happening occurrence of any of the following events, whichever shall first occur:
(a) upon the written direction sale of all or substantially all of the Member; orassets of the Company;
(b) the expiration of the term of the Company as provided in accordance with Section 2.5 hereof2.12;
(c) the determination of the Managing Member to dissolve the Company; or
(d) otherwise by operation of law.
Appears in 2 contracts
Samples: Operating Agreement (Riggs National Corp), Operating Agreement (Riggs National Corp)
Dissolution of the Company. The Company shall be dissolved upon the happening first to occur of any of the following events, whichever shall first occur:
: (a) upon a determination by the written direction Board of Directors to dissolve the MemberCompany; or
(b) the expiration of the term of the Company as provided set forth in Section 2.5 hereof5; or (c) the entry of a decree of judicial dissolution under the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Palace Entertainment Holdings, Inc.), Limited Liability Company Agreement (Palace Entertainment Holdings, Inc.)
Dissolution of the Company. (a) The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
(ai) upon the written direction determination by the Manager, acting in its sole discretion;
(ii) the dissolution of the Memberlast remaining Series; or
(iii) the entry of a decree of judicial dissolution under Section 18-218 of the Act.
(b) Upon the expiration of the term dissolution of the Company as provided herein, the Company shall be wound up by winding up each Series in the manner provided by Section 2.5 hereof8.3.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Landa App 2 LLC), Limited Liability Company Agreement (Landa App LLC)
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
(a) upon Upon the written direction of the Member; or
(b) the The expiration of the term of the Company as provided in Section 2.5 hereof.
Appears in 2 contracts
Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC)
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
(a) upon the written direction death, dissolution, adjudication of incapacity, voluntary filing or involuntary adjudication of bankruptcy, or the liquidation, receivership or assignment for the benefit of creditors of the Member, or other event of withdrawal under the Act; or
(b) upon the expiration written determination of the term of the Company as provided in Section 2.5 hereofMember.
Appears in 2 contracts
Samples: Operating Agreement (Medcath Corp), Operating Agreement (PAETEC iTel, L.L.C.)
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occurupon:
(a) upon the written direction adoption of a plan of dissolution by the Initial Member; or;
(b) the expiration entry of a decree of judicial dissolution; or
(c) the sale or other disposition of all of the term assets of the Company as provided in Section 2.5 hereofCompany.
Appears in 2 contracts
Samples: Operating Agreement (Mountain Falls, LLC), Operating Agreement (Ranch Golf Club, LLC)
Dissolution of the Company. (a) The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
: (ai) upon the written direction termination of the Member; or
(b) the expiration legal existence of the term last remaining member of the Company as provided or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in Section 2.5 hereof.the Company unless the business of the Company is continued in a manner permitted by this Agreement or the Act; or
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occurupon:
(a) upon the written direction sale or other disposition of all or substantially all of the Memberassets of the Company;
(b) any other event causing the dissolution of the Company under the laws of the Formation State; or
(bc) the expiration agreement of a Supermajority of the term of Investor Members and the Company as provided in Section 2.5 hereofManaging Member.
Appears in 1 contract
Samples: Operating Agreement
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
(a) upon the unanimous written direction consent of the MemberVoting Members; or
(b) the expiration of the term of the Company as provided in Section 2.5 hereof.
Appears in 1 contract
Dissolution of the Company. The Company shall be dissolved upon the happening first to occur of any of the following events, whichever shall first occur:events (each a “Terminating Dissolution”):
(a) upon a determination by the written direction of Member to dissolve the MemberCompany; or
(b) the expiration entry of a decree of judicial dissolution under the term of the Company as provided in Section 2.5 hereofAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Savage Sports Holdings, Inc.)
Dissolution of the Company. (a) The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:
(ai) upon the written direction consent of the MemberManager;
(ii) at any time there are no members of the Company, unless the Company is continued without dissolution in accordance with the Act;
(iii) the termination of the last remaining Series; or
(iv) the entry of a decree of judicial dissolution under Section 18-215 of the Act.
(b) Upon the expiration of the term dissolution of the Company as provided herein, the Company shall be wound up by winding up each Series in the manner provided by Section 2.5 hereof7.3.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rabble One, LLC)
Dissolution of the Company. (a) The Company shall be dissolved upon the happening occurrence of any either of the following events, whichever shall first occur:
: (ai) by the majority written agreement of all Members; or (ii) upon the written direction entry of decree of judicial dissolution under §18-802 of the Member; or
(b) the expiration of the term of the Company as provided in Section 2.5 hereofAct.
Appears in 1 contract
Samples: Series LLC Operating Agreement
Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:dissolve: ---------------------------
(a) upon Upon the written direction happening of an event of dissolution specified in the Member; orArticles;
(b) Upon the entry of a decree of judicial dissolution;
(c) Upon the expiration of the term of the Company as provided in Section 2.5 hereofCompany; or
(d) Upon the sale or other disposition of all of the assets of the Company.
Appears in 1 contract
Samples: Operating Agreement (Performance Capital Management LLC)
Dissolution of the Company. The Except as provided in Section 9.2, the Company shall be dissolved upon on the happening occurrence of any of the following events, whichever shall first occur:
(a) upon the written direction Withdrawal of the any Member; or;
(b) the expiration sale of all or substantially all of the term assets of the Company as provided in Section 2.5 hereofCompany;
(c) the unanimous determination of the Members to dissolve the Company; or
(d) otherwise by operation of law.
Appears in 1 contract
Dissolution of the Company. The Subject to the other terms set forth in this Agreement, the Company shall be dissolved upon the happening of any first to occur of the following events, whichever shall first occur:
(a) 10.1.1 The Director’s determination to dissolve the Company upon or at any time after the written direction sale or other disposition of all or substantially all of the MemberCompany’s property and Assets; or
(b) the expiration 10.1.2 An order by a court of the term of competent jurisdiction decrees that the Company as provided in Section 2.5 hereofbe dissolved.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Ocean Biomedical, Inc.)
Dissolution of the Company. The Company shall be dissolved upon the happening first to occur of any of the following events, whichever shall first occur:
: (a) upon a determination by the written direction of Member to dissolve the MemberCompany; or
(b) the expiration of the term of the Company as provided set forth in Section 2.5 hereof5; or (c) the entry of a decree of judicial dissolution under the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Palace Entertainment Holdings, Inc.)
Dissolution of the Company. The Company shall be dissolved and its affairs wound up upon the happening of any first to occur of the following events, whichever shall first occur:
(a) the bankruptcy, death, dissolution, expulsion or incapacity of any Member;
(b) upon the written direction agreement of a Majority-in-Interest of the MemberMembers; or
(bc) the expiration by operation of the term of the Company as provided in Section 2.5 hereoflaw.
Appears in 1 contract
Samples: Operating Agreement (Glk, LLC)