Effect of Dissolution. Upon dissolution, the Company shall wind up its business. The Company is not terminated, but continues until the winding up of the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of State.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Radnor Holdings Corp), Limited Liability Company Agreement (Radnor Holdings Corp), Limited Liability Company Agreement (Radnor Holdings Corp)
Effect of Dissolution. Upon dissolutionthe dissolution of the Company, the Company shall wind up cease to carry on its business. The Company is not terminated, but continues until except insofar as may be necessary for the winding up of its business, and the affairs assets of the Company is completed shall be determined and a certificate valued effective as of cancellation the day on which the event occurs that results in such dissolution, but the Company shall not terminate until there has been filed with a winding-up of the Secretary Company’s business and affairs and the assets of Statethe Company have been liquidated and distributed as provided in this Agreement.
Appears in 4 contracts
Samples: Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Paragraph 9.5 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Zany Brainy Inc), Limited Liability Company Agreement (Zany Brainy Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 10.5.1 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Advanced Micro Devices Inc), Limited Liability Company Operating Agreement (Advanced Micro Devices Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 11.5 and its Certificate of Formation has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Zentalis Pharmaceuticals, Inc.), Limited Liability Company Agreement (Zentalis Pharmaceuticals, LLC), Limited Liability Company Agreement (Zentalis Pharmaceuticals, LLC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 16.5. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Public Service Co of New Hampshire), Limited Liability Company Agreement (Nstar/Ma)
Effect of Dissolution. Upon dissolution, Dissolution of the Company shall wind up its business. The Company is not terminatedwill be effective on the day on which the event described in Section 11.01 occurs, but continues the Company will not terminate until the winding up of the affairs Company has been completed, the assets of the Company is completed have been distributed as provided in Section 11.03, and a certificate the Company’s Certificate of cancellation Formation has been filed with the Secretary of Statecancelled as provided in Section 11.06.
Appears in 3 contracts
Samples: Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The be effective on the day on which the event occurs giving rise to the dissolution (or, if a corporate action of the Company is not terminatedrequired by the Act, on the day such corporate action is duly taken), but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 10.5.1 or 11.1 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateShareholders, as such, shall continue to be governed by this Agreement.
Appears in 3 contracts
Samples: Joint Venture Operating Agreement (Photronics Inc), Joint Venture Operating Agreement (Photronics Inc), Joint Venture Operating Agreement (Photronics Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues until the winding up of the affairs of the Company is completed shall not terminate until (a) it has been wound up and its assets have been distributed as provided in Section 8.5 hereof and (b) a certificate of cancellation has been filed with the office of the Secretary of StateState of the State of Delaware. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Members, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Formation and Contribution Agreement (Nationwide Health Properties Inc), Formation and Contribution Agreement (Nationwide Health Properties Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in this Article IX and its Certificate has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Onconova Therapeutics, Inc.)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 9.5 of this Agreement and its Certificate has been cancelled by the winding up filing of a certificate of cancellation with the Office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Coinstar Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Paragraph 8.5 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed Members and a certificate of cancellation has been filed with the Secretary of StateEconomic Interest Holders, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Listerhill Total Maintenance Center LLC), Limited Liability Company Agreement (Wise Metals Group LLC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 7.5 of this Agreement and the winding up Certificate has been cancelled by the filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Limited Liability Company Agreement (Sentio Healthcare Properties Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 9.5 and its Certificate of Formation has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Falcon's Beyond Global, Inc.), Limited Liability Company Agreement (Falcon's Beyond Global, Inc.)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Paragraph 8.5 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Summit Care Corp), Limited Liability Company Agreement (Sycamore Park Convalescent Hospital)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 8.5.1 or 8.5.3 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Photronics Inc), Operating Agreement (Photronics Inc)
Effect of Dissolution. Upon an event of dissolution, the Company shall wind up cease to carry on its business. The Company is not terminated, but continues until except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until the affairs activities set forth in Section 11.3 have been completed. As soon as possible following the occurrence of any of the events specified in Section 11.1 effecting the dissolution of the Company, the appropriate representative of the Company is completed shall execute articles of dissolution in such form as shall be prescribed by the Act and a certificate of cancellation has been filed file the same with the Secretary of State.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Effect of Dissolution. Upon dissolutionThe dissolution of the Company will be effective on the day on which the event giving rise to such dissolution occurs, but, to the extent provided in the Act, the Company shall wind will remain in existence for the purposes of and until it has been wound up its businessand the Company Assets have been distributed as provided in Section 19.5. The Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company is not terminated, but continues until the winding up of and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, will continue to be governed hereby.
Appears in 1 contract
Samples: Operating Agreement (Quigley Corp)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 8.5 of this Agreement and the winding up Certificate has been cancelled by the filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Griffin-American Healthcare REIT III, Inc.)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 9.5 of this Agreement. ------- Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tejon Ranch Co)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 11.3 of this Agreement and the winding up Certificate of Formation has been cancelled by the filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Paragraph 8.5 of this Agreement and its Certificate has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Effect of Dissolution. Upon dissolution, the Company shall wind up its business. The Company is not terminated, but continues be terminated and shall continue until the winding up of the ofthe affairs of the ofthe Company is completed and a certificate of cancellation dissolution has been filed with issued by the Secretary of StateofState ofDelaware.
Appears in 1 contract
Samples: Assignment of Membership Interest
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Paragraph 9.5 of this Agreement. --------- Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Streamlogic Corp)
Effect of Dissolution. Upon dissolution, the Company shall wind up cease carrying on its business. The Company is business but shall not terminated, but continues terminate until the winding up of the affairs of the Company is completed completed, the assets of the Company shall have been distributed as provided below and a certificate the Certificate of cancellation has the Company shall have been filed with cancelled in the Secretary of Statemanner required by the DLLCA.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Triad Financial Sm LLC)
Effect of Dissolution. Upon The dissolution of the Company and each Series shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company and/or each Series shall wind not terminate until it is wound up and its businessassets have been distributed as provided in Section 7.4 of this Agreement. The Notwithstanding the dissolution of the Company is not terminatedand each Series, but continues until prior to the winding up termination of the Company and each Series, the business of the Company, and each Series and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hershfield Lawrence)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound-up and its assets have been distributed as provided in Section 8.5 and its Certificate has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BridgeBio Pharma LLC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the Event of Termination occurs giving rise to the dissolution, but continues the Company shall not terminate until this Agreement has been cancelled and the winding up Company Assets shall have been distributed as provided in Section 11.2, 6.5 or 6.6 hereof. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hughes Electronics Corp)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 8.5.1 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Spansion Technology LLC)
Effect of Dissolution. Upon The dissolution of the Company shall be effective on the date on which the event occurs giving rise to the dissolution, but the Company shall not terminate until it has been wound up, the Company shall wind up Assets have been liquidated and/or distributed as provided in Section 9.4, and its business. The Company is not terminated, but continues until the winding up of the affairs of the Company is completed and a certificate of cancellation dissolution and/or certificate of cancellation, as applicable, has been filed with the Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the Business and the affairs of the Company and the Members, as such, shall continue to be governed by this Agreement. Nothing in this ARTICLE 9 is intended to limit the survival of provisions of this Agreement that expressly survive the dissolution and termination of the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Enpro Industries, Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up, its assets have been distributed as provided in Section 9.4 and its Certificate of Cancellation has been filed in accordance with the winding up Act. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company Members, as such, shall continue to be governed by this Agreement. Nothing in this section is completed intended to limit the survival of provisions of this Agreement that expressly survive the dissolution and a certificate termination of cancellation has been filed with the Secretary of StateCompany.
Appears in 1 contract
Samples: Operating Agreement (Kb Home)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 8.6.1 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Bebe Stores, Inc.)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 7.5 of this Agreement and its Certificate has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Effect of Dissolution. Upon dissolutionThe dissolution of the Company will be effective on the day on which the event giving rise to such dissolution occurs, but, to the extent provided in the Act, the Company shall wind will remain in existing for the purposes of and until it has been wound up its businessand the Company Assets have been distributed as provided in Section 18.5. The Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company is not terminated, but continues until the winding up of and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, will continue to be governed hereby.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (SFX Entertainment, INC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 8.5 and its Articles has been cancelled by the winding up filing of a certificate of cancellation with the office of the Wyoming Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Granite Peak Resources, LLC)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 7.5 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Geospatial Holdings, Inc.)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 8.5 and its Certificate has been cancelled by the winding up filing of a certificate of cancellation with the office of the Delaware Secretary of State. Notwithstanding the dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Joint Venture and Operating Agreement (Rentech Inc /Co/)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it has been wound up and its assets have been distributed as provided in Section 9.5 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Spectrum Pharmaceuticals Inc)
Effect of Dissolution. Upon dissolution, The dissolution of the Company shall wind up its business. The Company is not terminatedbe --------------------- effective on the day on which the event occurs giving rise to the dissolution, but continues the Company shall not terminate until it wound up and its assets have been distributed as provided in Section 7.4 of this Agreement. Notwithstanding the winding up dissolution of the Company, prior to the termination of the Company, the business of the Company and the affairs of the Company is completed and a certificate of cancellation has been filed with the Secretary of StateMembers, as such, shall continue to be governed by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Entravision Communications Corp)