Dissolution of the Company. The Company shall be dissolved upon the occurrence of either of the following events: · By sale of all or substantially of the Series’ Underlying Asset(s) and dissolution of all Subsidiaries; · By the unanimous written agreement of all Series Managers and the Founder; or · Upon the entry of decree of judicial dissolution. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Series Manager or Series Member or the occurrence of any event that terminates the continued membership of any Series Member in a Series shall not in and of itself cause the dissolution of the Company. If a Series Member who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage its person or property. The Series Member’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Series Member’s rights for the purpose of settling the Member’s estate or administering its property. If a Series Member is an entity and is dissolved or terminated, the powers of that Series Member may be exercised by its legal representative or successor. Mythic Collection, LLC Amended and Restated Company Agreement
Appears in 6 contracts
Samples: Series Limited Liability Company Agreement (Mythic Collection, LLC), Series Limited Liability Company Agreement (Mythic Collection, LLC), Series Limited Liability Company Agreement (Mythic Collection, LLC)
Dissolution of the Company. The Company shall be dissolved upon the occurrence of either of the following events: · - By sale of all or substantially of the Series’ ? Underlying Asset(s) and dissolution of all Subsidiaries; · - By the unanimous written agreement of all Series Managers and the Founder; or · - Upon the entry of decree of judicial dissolution. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Series Manager or Series Member or the occurrence of any event that terminates the continued membership of any Series Member in a Series shall not in and of itself cause the dissolution of the Company. If a Series Member who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage its person or property. The Series Member’s Member?s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Series Member’s Member?s rights for the purpose of settling the Member’s Member?s estate or administering its property. If a Series Member is an entity and is dissolved or terminated, the powers of that Series Member may be exercised by its legal representative or successor. Mythic Collection, LLC Amended and Restated Company Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (VV Markets LLC)
Dissolution of the Company. The Company shall be dissolved upon the occurrence of either of the following events: · - By sale of all or substantially of the Series’ Underlying Asset(s) and dissolution of all Subsidiaries; · - By the unanimous written agreement of all Series Managers and the Founder; or · - Upon the entry of decree of judicial dissolution. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Series Manager or Series Member or the occurrence of any event that terminates the continued membership of any Series Member in a Series shall not in and of itself cause the dissolution of the Company. If a Series Member who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage its person or property. The Series Member’s executor, administrator, guardian, conservator, or other legal representative may exercise all of the Series Member’s rights for the purpose of settling the Member’s estate or administering its property. If a Series Member is an entity and is dissolved or terminated, the powers of that Series Member may be exercised by its legal representative or successor. Mythic Collection, LLC Amended and Restated Company Agreement.
Appears in 1 contract
Samples: Series Limited Liability Company Agreement (VV Markets LLC)
Dissolution of the Company. The Company shall be dissolved upon the occurrence of either of the following events: · - By sale of all or substantially of the Series’ ' Underlying Asset(s) and dissolution of all Subsidiaries; · - By the unanimous written agreement of all Series Managers and the Founder; or · - Upon the entry of decree of judicial dissolution. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Series Manager or Series Member or the occurrence of any event that terminates the continued membership of any Series Member in a Series shall not in and of itself cause the dissolution of the Company. If a Series Member who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage its person or property. The Series Member’s 's executor, administrator, guardian, conservator, or other legal representative may exercise all of the Series Member’s 's rights for the purpose of settling the Member’s 's estate or administering its property. If a Series Member is an entity and is dissolved or terminated, the powers of that Series Member may be exercised by its legal representative or successor. Mythic Collection, LLC Amended and Restated Company Agreement.
Appears in 1 contract
Samples: Series Limited Liability Company Agreement (VV Markets LLC)