Common use of Dissolving Events Clause in Contracts

Dissolving Events. The Company shall be dissolved in the manner hereinafter provided upon the happening of any of the following events: (a) an Approved Major Decision to dissolve the Company; (b) the disposition by the Company (and/or every other Project Entity) of all or substantially all of the Project Assets (and/or the interests in all of the Project Entities) and the collection of all amounts derived from any such disposition (including all amounts payable to the Company or any other Project Entity); or (c) any other event which under applicable Law would cause the dissolution of the Company; provided, however, that, unless required by Law, the Company shall not be liquidated as a result of any such event and the Company shall be reconstituted.

Dissolving Events. The Company shall be dissolved in the manner hereinafter provided upon the happening of any of the following events: (a) an Approved Major Decision the written agreement of the Members holding 51% or more of the Membership Interests in the Company to dissolve terminate the Company; (b) the disposition by the Company (and/or every other Project Entity) of all or substantially all of the Project Company Assets (and/or the interests in all of the Project Entities) and the collection of all amounts derived from any such disposition (disposition, including all amounts payable to the Company under any promissory notes or other evidences of indebtedness derived by the Company from any other Project Entity)such disposition; or (c) any other event which under applicable Law law would cause the dissolution of the Company; , provided, however, that, unless required by Lawlaw or objected to by Members holding 51 % or more of the Membership Interests in the Company, the Company shall not be liquidated as a result of any such event and the Company shall be reconstituted.

Dissolving Events. The Company shall be dissolved in the manner hereinafter provided upon the happening of any of the following events: (a) an Approved Major Decision the written agreement of the Members holding 51% or more of the Membership Interests in the Company to dissolve terminate the Company; (b) the disposition by the Company (and/or every other Project Entity) of all or substantially all of the Project Company Assets (and/or the interests in all of the Project Entities) and the collection of all amounts derived from any such disposition (disposition, including all amounts payable to the Company under any promissory notes or other evidences of indebtedness derived by the Company from any other Project Entity)such disposition; or (c) any other event which under applicable Law law would cause the dissolution of the Company; , provided, however, that, unless required by Lawlaw or objected to by Members holding 51% or more of the Membership Interests in the Company, the Company shall not be liquidated as a result of any such event and the Company shall be reconstituted.