Common use of Dissolution upon Notice Clause in Contracts

Dissolution upon Notice. At any time between April 1, 2017 and March 31, 2018, any Member (the “Notifying Party”) may elect, by giving notice to all other 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 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 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 2 contracts

Samples: Operating Agreement (Sandisk Corp), Operating Agreement (Western Digital Corp)

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Dissolution upon Notice. At any time between April 1, 2017 2013 and March 31, 20182014, any Member Shareholder (the “Notifying Party”) may elect, by giving notice to all other Members 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 Members 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 Interests 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 (Sandisk Corp)

Dissolution upon Notice. At any time between April 1, 2017 2013 and March 31, 20182014, any Member Shareholder (the “Notifying Party”) may elect, by giving notice to all other Members 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 Members 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 Interests 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 PartyXxxxx’s Percentage as of such date.

Appears in 1 contract

Samples: Operating Agreement (Sandisk Corp)

Dissolution upon Notice. At any time between April 1, 2017 2011 and March 31, 20182012, any Member Unitholder (the "Notifying Party") may elect, by giving notice to all other Members 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 Members 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 Interests 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: Operating Agreement (Sandisk Corp)

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Dissolution upon Notice. At any time between April 1, 2017 2013 and March 31, 20182014, any Member Shareholder (the "Notifying Party") may elect, by giving notice to all other Members 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 Members 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 Interests 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

Samples: Operating Agreement (Western Digital Corp)

Dissolution upon Notice. At any time between April 1, 2017 2011 and March 31, 20182012, any Member Unitholder (the “Notifying Party”) may elect, by giving notice to all other Members 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 Members 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 Interests 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 Percentage as of such date.

Appears in 1 contract

Samples: Operating Agreement (Sandisk Corp)

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