Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events: (a) The determination by all the Managers serving on the Board that the LLC should be dissolved; or (b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Where Food Comes From, Inc.), Operating Agreement (Where Food Comes From, Inc.)
Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events:
(a) The determination by all the Managers serving on the Board Board, subject to Section 5.2 hereof, that the LLC should be dissolved; or;
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act; or
(c) A Change of Control Transaction.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.), Class D Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
Dissolution Triggers. The LLC shall dissolve only upon the first occurrence to occur of any of the following events:
(a) The determination by all the Managers serving on the Board Member that the LLC should be dissolved; or.
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in under the Act.
Appears in 2 contracts
Samples: Operating Agreement (Insurance Auto Auctions Tennessee LLC), Limited Liability Company Agreement (American Renal Associates LLC)
Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events:
(a) The determination by all the Managers serving on holders of a majority of the Board outstanding Units entitled to vote that the LLC should be dissolved; or;
(b) The entry of a decree of judicial dissolution dissolution; or
(c) A sale, in accordance with this Agreement, of all or the administrative dissolution substantially all of the LLC as provided in assets of the ActLLC.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Dover Glen, Inc.)
Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events:events (“Liquidating Events”):
(a) The determination by all Approval of the Managers serving on the Board Members that the LLC should be dissolved;
(b) The sale or other disposition of all or substantially all of the assets of the LLC; or
(bc) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Level Brands, Inc.)
Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events:
(a) The determination by all the Managers serving on the Board that the LLC should be dissolved; or
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the LLC as provided in the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (EcoReady Corp)
Dissolution Triggers. The LLC shall dissolve upon the first occurrence of the following events:
(a) The the determination by all the Managers serving on the Board that the LLC should be dissolved; or
(b) The entry the sale or other disposition of a decree all or substantially all of judicial dissolution or the administrative dissolution assets of the LLC as provided in the ActLLC.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Sinclair Broadcast Group Inc)
