Common use of Effect of Dissolution Clause in Contracts

Effect of Dissolution. Upon dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate of Cancellation has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 15 contracts

Samples: Limited Liability Company Agreement (Mescalero Pipeline, LLC), Limited Liability Company Agreement (Carrizo Marcellus Holding Inc.), Limited Liability Company Agreement (Carrizo (Niobrara) LLC)

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Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, except insofar as may be necessary for business but shall not terminate until the winding up of its businessthe affairs of the Company is completed, but its separate existence the assets of the Company shall continue until have been distributed as provided below and a Certificate of Cancellation has of the Company under the DLLCA have been issued by filed in the office of the Secretary of State or until a decree dissolving of the Company has been entered by a court State of competent jurisdictionDelaware.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)

Effect of Dissolution. Upon the occurrence of any of the events specified in this Article effecting the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation cancellation has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC), Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC), Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, except insofar as may be necessary for business but shall not terminate until the winding up of its businessthe affairs of the Company is completed, but its separate existence the assets of the Company shall continue until have been distributed as provided below and a Certificate of Cancellation of the Company under the Act has been issued by filed with the Secretary of State or until a decree dissolving of the Company has been entered by a court State of competent jurisdictionDelaware.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.), Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.), Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.)

Effect of Dissolution. Upon dissolution During the process of the Companydissolution, the Company shall cease to carry carrying on its businessBusiness, except insofar as may be necessary for but is not terminated until the winding up of its business, but its separate existence shall continue until affairs of the Company is completed and a Certificate of Cancellation has been issued by Dissolution is filed with the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionState.

Appears in 9 contracts

Samples: Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, except insofar as may be necessary for distinguished from the winding up of its the Company business, but its separate existence shall continue the Company is not terminated, but continues until a the winding up of the affairs of the Company is completed and the Certificate of Cancellation Dissolution has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionState.

Appears in 6 contracts

Samples: Operating Agreement (Citi TeeVee LLC), Investors Real Estate Trust, Limited Liability Company Operating Agreement (Advanta Business Services Corp)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, except insofar as may be necessary for distinguished from the winding up of its the Company business, but its separate existence shall continue the Company is not terminated, but continues until a Certificate the winding up of Cancellation the affairs of the Company is completed and the certificate of dissolution has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionState.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating (Americas Power Partners Inc), Great Plains Energy Inc

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate of Cancellation has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionwinding up and Distribution is completed.

Appears in 4 contracts

Samples: Joinder Agreement (Agrify Corp), Limited Liability Company Agreement (Solis Seattle, LLC), Limited Liability Company Agreement (Rex Energy Corp)

Effect of Dissolution. Upon the occurrence of any of the events specified in this Article effecting the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate of Cancellation has been issued by the Secretary of State or until a decree dissolving of the Company has been entered by a court State of competent jurisdictionDelaware.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (SIGECO Securitization I, LLC), Limited Liability Company Agreement (Atmos Energy Kansas Securitization I, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, except insofar the Company business (as may be necessary for distinguished from the winding up of its the Company business), but its separate existence the Company shall not be terminated by the act of dissolution alone, and shall continue until a Certificate the winding up of Cancellation the affairs of the Company is completed and the certificate of dissolution has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionState.

Appears in 3 contracts

Samples: Operating Agreement of Williams (Williams Electronic Games, Inc.), Operating Agreement of Lenc Software (Williams Electronic Games, Inc.), Operating Agreement (Williams Electronic Games, Inc.)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry on its carrying on, as distinguished from the winding up of, the Company business, except insofar as may be necessary for but the Company is not terminated, but continues until the winding up of its businessthe affairs of the Company is completed and a certificate of dissolution with respect to the Company, but its separate existence shall continue until a Certificate of Cancellation or the equivalent, has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionState.

Appears in 3 contracts

Samples: Operating Agreement (Juliana Mining Co Inc), Operating Agreement (Juliana Mining Co Inc), Juliana Mining Co Inc

Effect of Dissolution. Upon After the dissolution of the CompanyCompany in accordance with Section 7.1, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its the Company’s separate existence shall continue until a Certificate certificate of Cancellation cancellation has been issued by filed with the Secretary of State of the State of Delaware or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.)

Effect of Dissolution. Upon the occurrence of any of the events specified in this Article effecting the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation cancellation has been issued by the Secretary of State of the State of Delaware or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC), Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC)

Effect of Dissolution. Upon the occurrence of any of the events specified in this Article effecting the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate of Cancellation has been issued by the Secretary of State of the State of Delaware or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC), Limited Liability Company Agreement (CenterPoint Energy Restoration Bond Company, LLC)

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Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation dissolution has been issued by the Secretary of State or until a decree dissolving such separate existence is otherwise terminated as provided in the Company has been entered by a court Act or in connection with judicial dissolution or liquidation of competent jurisdictionthe Company.

Appears in 2 contracts

Samples: Operating Agreement (Unified Western Grocers Inc), Operating Agreement (Unified Western Grocers Inc)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, except insofar Company business (as may be necessary for distinguished from the winding up of the Company business), and continue its business, but its separate existence shall continue until the winding up of the affairs of the Company is completed and a Certificate certificate of Cancellation dissolution has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdictionState.

Appears in 1 contract

Samples: Operating Agreement (ServiceMaster Consumer Services Limited Partnership)

Effect of Dissolution. Upon the occurrence of any of the events specified in this Article XIV effecting the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation cancellation has been issued by the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reliant Energy Services Inc)

Effect of Dissolution. Upon dissolution In the event of the Companydissolution, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation cancellation has been issued by filed with the Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 1 contract

Samples: Operating Agreement (Merrill Merchants Bancshares Inc)

Effect of Dissolution. Upon dissolution the occurrence of any of the Companycircumstances set forth in Section 7.01, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business. However, but its separate existence shall continue until a Certificate certificate of Cancellation dissolution has been issued by the New York Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 1 contract

Samples: Operating Agreement (Town Sports International Inc)

Effect of Dissolution. Upon the dissolution of the Company, the Company it shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation dissolution has been issued by the Kentucky Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Appears in 1 contract

Samples: Operating Agreement (Gardner Denver Inc)

Effect of Dissolution. Upon dissolution of the Companydissolution, the Company shall cease to carry carrying on its business, business except insofar as may be necessary for to complete the winding up of its businessthe affairs of the Company, but its separate existence shall continue until a the Certificate of Cancellation Dissolution has been issued by the Secretary of State or until a decree dissolving State. Upon dissolution, the Company has been entered shall no longer be required to make distributions hereunder except as provided by a court of competent jurisdictionSection 11.4 below.

Appears in 1 contract

Samples: Operating Agreement (Sports Entertainment Enterprises Inc)

Effect of Dissolution. Upon dissolution the occurrence of the Companya Dissolution Event, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until a Certificate certificate of Cancellation cancellation has been issued by filed with the Secretary of State or until a decree dissolving of the Company has been entered by a court State of competent jurisdictionDelaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MN8 Energy, Inc.)

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