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) fifty (50) years from the date hereof; (b) the written agreement of all of the Members to terminate the Company; (c) the disposition by the Company of the entire Property and the collection, and distribution to Members under Section 8.3(b), of all amounts derived from any such disposition, including all amounts payable to the Company under any promissory notes or other evidences of indebtedness derived by the Company from any such disposition; (d) any other event which under applicable law would cause the dissolution of the Company, provided, however, that, unless required by law or objected to by CCDRC, the Company shall not be liquidated as a result of any such event and the Company shall be reconstituted; (e) the dissolution or bankruptcy of a Member, unless a majority in interest, in profits and capital, of the remaining Members elect within ninety (90) days after the occurrence of any such event to continue the business of the Company; or (f) in the event a Member shall fail to contribute its full proportionate share of any Initial Capital Contribution in accordance with the terms hereof.

Dissolving Events. The Company shall be dissolved in the manner hereinafter provided upon the happening of any of the following events: (a) fifty (50) years from the date hereof; (b) the written agreement of all of the Members to terminate the Company; (c) the disposition by the Company Subsidiary of the entire Property and the collection, and distribution to Members under Section 8.3(b), collection of all amounts derived from any such disposition, including all amounts payable to the Company Subsidiary or the Company under any promissory notes or other evidences of indebtedness derived by the Company Subsidiary or the Company from any such disposition; (d) any other event which under applicable law would cause the dissolution of the Company, provided, however, that, unless required by law or objected to by CCDRCWARC, the Company shall not be liquidated as a result of any such event and the Company shall be reconstituted; (e) the dissolution or bankruptcy of a Member, unless a majority in interest, in profits and capital, of the remaining Members elect within ninety (90) days after the occurrence of any such event to continue the business of the CompanyCompany and the Company Subsidiary; or (f) in the event a Member shall fail to contribute its full proportionate share of any Initial Capital Contribution in accordance with the terms hereof.

Dissolving Events. The Company shall be dissolved in the manner hereinafter provided upon the happening of any of the following events: (a) fifty (50) years from the date hereof; (b) the written agreement of all of the Members to terminate the Company; (c) the disposition by the Company Subsidiary of the entire Property and the collection, and distribution to Members under Section 8.3(b), collection of all amounts derived from any such disposition, including all amounts payable to the Company Subsidiary or the Company under any promissory notes or other evidences of indebtedness derived by the Company Subsidiary or the Company from any such disposition; (d) any other event which under applicable law would cause the dissolution of the Company, provided, however, that, unless required by law or objected to by CCDRCthe Acquisition Members, the Company shall not be liquidated as a result of any such event and the Company shall be reconstituted; (e) the dissolution or bankruptcy of a Member, unless a majority in interest, in profits and capital, of the remaining Members elect within ninety (90) days after the occurrence of any such event to continue the business of the CompanyCompany and the Company Subsidiary; or (f) in the event a Member shall fail to contribute its full proportionate share of any Initial Capital Contribution in accordance with the terms hereof.