Dissolution upon Notice. At any time between April 1, 2013 and March 31, 2014, any Shareholder (the “Notifying Party”) may elect, by giving notice to all other Shareholders (the “Notified Party”), to dissolve the Company, in which event the Company will be dissolved and, within the one (1) year period following the giving of such notice, the Shareholders shall mutually agree upon a plan for winding up the affairs of the Company in accordance with Section 11.7 (Winding Up), unless the Notified Party, directly or through any of its Affiliates, elects in writing within three (3) months of receiving such notice, to purchase from the Notifying Party all of its Shares for a cash payment, by wire transfer of immediately available Japanese Yen, in an amount equal to the [*] as of the date of such transaction multiplied by the Notifying Party’s Percentage as of such date.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement of Flash (Sandisk Corp)
Dissolution upon Notice. At any time between April 1, 2013 and March 31, 2014, any Shareholder (the “"Notifying Party”") may elect, by giving notice to all other Shareholders (the “''Notified Party”"), to dissolve the Company, in which event the Company will be dissolved and, within the one (1) year period following the giving of such notice, the Shareholders shall mutually agree upon a plan for winding up the affairs of the Company in accordance with Section 11.7 (Winding Up), unless Up),·unless the Notified Party, directly or through any of its Affiliates, elects in writing within three (3) months of receiving such notice, to purchase from the Notifying Party all of its Shares for a cash payment, by wire transfer of immediately available Japanese Yen, in an amount equal to the [***] as of the date of such transaction multiplied by the Notifying Party’s Patty's Percentage as of such date.
Appears in 1 contract
Dissolution upon Notice. At any time between April 1, 2013 2017 and March 31, 20142018, any Shareholder Member (the “Notifying Party”) may elect, by giving notice to all other Shareholders Members (the “Notified Party”), to dissolve the Company, in which event the Company will be dissolved and, within the one (1) year period following the giving of such notice, the Shareholders Members shall mutually agree upon a plan for winding up the affairs of the Company in accordance with Section 11.7 (Winding Up), unless the Notified Party, directly or through any of its Affiliates, elects in writing within three (3) months of receiving such notice, to purchase from the Notifying Party all of its Shares Interests for a cash payment, by wire transfer of immediately available Japanese Yen, in an amount equal to the [***] as of the date of such transaction multiplied by the Notifying Party’s Percentage as of such date.
Appears in 1 contract
Dissolution upon Notice. At any time between April 1, 2013 2011 and March 31, 20142012, any Shareholder Unitholder (the “"Notifying Party”") may elect, by giving notice to all other Shareholders Unitholders (the “"Notified Party”"), to dissolve the Company, in which event the Company will be dissolved and, within the one (1) year period following the giving of such notice, the Shareholders Unitholders shall mutually agree upon a plan for winding up the affairs of the Company in accordance with Section 11.7 (Winding Up), unless the Notified Party, directly or through any of its Affiliates, elects in writing within three (3) months of receiving such notice, to purchase from the Notifying Party all of its Shares Units for a cash payment, by wire transfer of immediately available Japanese Yen, in an amount equal to the [***] of the Company as of the date of such transaction multiplied by the Notifying Party’s 's Percentage as of such date.
Appears in 1 contract
Samples: Sandisk Corp