Common use of Dissolution of the Company Clause in Contracts

Dissolution of the Company. The Company shall be dissolved upon the happening of any of the following: (a) the agreement of the Members pursuant to Section 10.2 to dissolve and wind up the affairs of the Company; (b) any event that makes it unlawful for the Company business to be continued; or (c) the sale, disposition, or abandonment of all or substantially all of the non-cash assets of the Company. The death, retirement, resignation, bankruptcy, court declaration of incompetence, or dissolution of any one or more Members or the occurrence of any other event that terminates the continued membership of any one or more Members (except as provided in the immediately preceding sentence) shall not cause the dissolution of the Company.

Dissolution of the Company. The Company shall dissolve and be dissolved terminated upon the happening of any of the followingfirst to occur of: (ai) the written agreement of the Members pursuant to Section 10.2 to dissolve Member(s) holding in the aggregate of 80% of Profit and wind up the affairs of the CompanyLoss Percentage; (bii) any event that makes it unlawful for the Company business to be continued; or (c) the saleexcept as set forth below in this Section 11.1, disposition, or abandonment of all or substantially all of the non-cash assets of the Company. The death, retirement, resignation, bankruptcy, court declaration of incompetence, or dissolution of any one or more Members or the occurrence of any other event that terminates that, under the continued membership Act or as otherwise provided by law, causes a dissolution and termination of the Company. The bankruptcy, death, dissolution or incapacity of a Member, or a Member ceasing to be a Member for any one or more Members (except as provided in the immediately preceding sentence) other reason whatsoever, shall not cause the a dissolution of the Company, and the Company shall continue notwithstanding the occurrence of any such event.

Dissolution of the Company. The Company shall be dissolved upon the happening occurrence of any of the following: (a) a the written agreement of Members having a majority of the Members pursuant to Section 10.2 Participating Percentages to dissolve and wind up the affairs of the Company;; or (b) b any event that makes it unlawful for the Company business to be continued; or (c) the sale, disposition, or abandonment of all or substantially all of the non-cash assets of the Company. The death, retirement, resignation, bankruptcy, court declaration of incompetence, or dissolution of any one or more Members or the occurrence of any other event that terminates the continued membership of any one or more Members (except as provided in the immediately preceding sentence) shall not cause the dissolution of the Company.