DURATION; DISSOLUTION Sample Clauses

DURATION; DISSOLUTION a. The Company will continue in existence until dissolved pursuant to this Article or the Act.
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DURATION; DISSOLUTION. (a) The Company shall continue in existence until the Company shall be dissolved and its affairs wound up in accordance with the Act or this Agreement.
Sample 1
DURATION; DISSOLUTION. The term of the Company shall be perpetual, unless the Company is terminated or dissolved earlier in accordance herewith. The Company shall be dissolved and its affairs shall be wound up upon the first to occur of the following: (i) the Manager's determination to dissolve the Company; and (ii) the entry of a decree of judicial dissolution under the LLC Act. Subject to the provisions of the LLC Act, the Manager shall have the right to wind up the Company's affairs in accordance therewith (and shall promptly do so upon dissolution of the Company), and shall also have the right to act as or appoint a liquidating trustee in connection therewith. Upon the winding up of the Company, the assets shall be distributed in the manner provided in the LLC Act.
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DURATION; DISSOLUTION. Section 1 - Duration - This Agreement, when accepted by the Member and MMRMA, shall remain in effect until canceled, modified, or amended by the parties provided that the Coverage Documents and Coverage Overview may be modified or amended without the need to modify or amend this Agreement. Any withdrawing Member shall continue to be subject to all MMRMA policies, rules and procedures pertaining to Members. Withdrawing Members shall forfeit all rights to any MMRMA assets after withdrawal from Membership.
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DURATION; DISSOLUTION 
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Related to DURATION; DISSOLUTION

  • Distribution upon Dissolution Upon dissolution, the Partnership shall not be terminated and shall continue until the winding up of the affairs of the Partnership is completed. Upon the winding up of the Partnership, the General Partner, or any other Person designated by the General Partner (the “Liquidation Agent”), shall take full account of the assets and liabilities of the Partnership and shall, unless the General Partner determines otherwise, liquidate the assets of the Partnership as promptly as is consistent with obtaining the fair value thereof. The proceeds of any liquidation shall be applied and distributed in the following order:

  • No Dissolution Except as required by the Act, the Partnership shall not be dissolved by the admission of additional Partners or withdrawal of Partners in accordance with the terms of this Agreement. The Partnership may be dissolved, liquidated wound up and terminated only pursuant to the provisions of this Article IX, and the Partners hereby irrevocably waive any and all other rights they may have to cause a dissolution of the Partnership or a sale or partition of any or all of the Partnership assets.

  • Dissolution The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following:

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