Common use of Effectiveness of Dissolution Clause in Contracts

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Great Elm Capital Corp.), Limited Liability Company Agreement (iMedia Brands, Inc.), Limited Liability Company Agreement

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Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.04.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Lendway, Inc.), Limited Liability Company Agreement (Rayven Properties, LLC), Limited Liability Company Agreement (Athenex, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.04.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 10.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.04.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Canopy Growth Corp), Limited Liability Company Agreement (Canopy Growth Corp), Limited Liability Company Agreement (Canopy Growth Corp)

Effectiveness of Dissolution. Dissolution of the Company shall will be effective on the day on which the event described in Section 12.01 12.1 occurs, but the Company shall will not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 12.3 and the Certificate of Formation shall have has been cancelled as provided in Section 12.0412.4.

Appears in 3 contracts

Samples: Operating and Management Agreement (Rocky Mountain High Brands, Inc.), Operating and Management Agreement (Rocky Mountain High Brands, Inc.), Operating and Management Agreement (Rocky Mountain High Brands, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.4.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Effectiveness of Dissolution. Dissolution The dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.5 and the Certificate of Formation shall have been cancelled as provided in Section 12.049.6.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TELUS International (Cda) Inc.), Limited Liability Company Agreement (TELUS International (Cda) Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 and the Amended and Restated Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 2 contracts

Samples: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.), Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BIT ORIGIN LTD), Limited Liability Company Agreement (Ternio, LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate Articles of Formation Organization shall have been cancelled as provided in Section 12.0413.04.

Appears in 2 contracts

Samples: Limited Liability Company Operatng Agreement (Helpful Alliance Co), Limited Liability Company Agreement (TWO RIVERS WATER & FARMING Co)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 § 12.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 § 12.3 and the Certificate of Formation shall have has been cancelled as provided in Section 12.04§ 12.4.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Forterra, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.3.

Appears in 1 contract

Samples: Joint Venture Agreement (Xeriant, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.03 and the Certificate of Formation Articles shall have been cancelled as provided in Section 12.0410.04.

Appears in 1 contract

Samples: Operating Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation Cancellation shall have been cancelled filed as provided in Section 12.04.

Appears in 1 contract

Samples: Operating Agreement (Atlanticus Holdings Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Priority Technology Holdings, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event Event of Dissolution described in Section 12.01 9.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.4 and the Certificate Statement of Formation Dissolution shall have been cancelled filed as provided in Section 12.049.5.

Appears in 1 contract

Samples: Partnership Agreement (Carolina Complete Health Network, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 12.03, and the Certificate Articles of Formation shall have been cancelled as provided in Section 12.04.

Appears in 1 contract

Samples: Operating Agreement (Singing Machine Co Inc)

Effectiveness of Dissolution. Dissolution of the Company shall will be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall will not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate of Formation shall will have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NeoGames S.A.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.1 or 11.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.5 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.6.

Appears in 1 contract

Samples: Operating Agreement (Propell Technologies Group, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall will be effective on the day on which the event described in Section 12.01 occurs, but the Company shall will not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall will have been cancelled as provided in Section 12.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Faraday Future Intelligent Electric Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 12.03, and the Certificate Articles of Formation Dissolution shall have been cancelled filed with the Secretary of State of the State of Illinois as provided in Section 12.04.

Appears in 1 contract

Samples: Operating Agreement (Csac Acquisition Inc.)

Effectiveness of Dissolution. Dissolution (a)Dissolution of the Company shall be effective on the day on which the event Event of Dissolution described in Section 12.01 10.2 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.4 and the Certificate Statement of Formation Dissolution shall have been cancelled filed as provided in Section 12.0410.5.

Appears in 1 contract

Samples: Partnership Agreement (Carolina Complete Health Network, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 Distributed, and the Certificate of Formation shall have been cancelled as provided in Section 12.04cancelled.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Salona Global Medical Device Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 13.03 and the Delaware Act and the Certificate of Formation shall have been cancelled as provided in Section 12.0413.04 and the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (ATN International, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate Articles of Formation Organization shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Scio Diamond Technology Corp)

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Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.049.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Axiall Corp/De/)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate Articles of Formation Incorporation shall have been cancelled as provided in Section 12.0413.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Good Hemp, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and 11.03and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CurrencyWorks Inc.)

Effectiveness of Dissolution. Dissolution Subject to Section 11.07 and Section 11.08 below, dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tecogen Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 11.03, and the Certificate of Formation Articles shall have been cancelled as provided in Section 12.0411.04.

Appears in 1 contract

Samples: Operating Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 11.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in th... Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.03.

Appears in 1 contract

Samples: Contribution Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 10.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 10.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.0410.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Creatd, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 13.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.13.04. EXECUTION COPY

Appears in 1 contract

Samples: Limited Liability Company Agreement (Liquid Holdings Group LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 14.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 14.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.0414.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longeveron LLC)

Effectiveness of Dissolution. Dissolution Subject to Section 12.07, dissolution of the Company shall be effective on the day on which the event described in Section 12.01 Event of Dissolution occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.04.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hut 8 Corp.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate articles of Formation dissolution shall have been cancelled filed as provided in Section 12.04.

Appears in 1 contract

Samples: Operating Agreement (Verb Technology Company, Inc.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed Distributed as provided in Section 12.03 13.03 and the Certificate of Formation Organization shall have been cancelled as provided in Section 12.0413.04.

Appears in 1 contract

Samples: Operating Agreement (Agrify Corp)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 8.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.03, and the Certificate of Formation shall have been cancelled as provided in Section 12.048.4.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 9.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 9.03 and the Certificate of Formation shall have been cancelled as provided in Section 12.049.05.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capstone Therapeutics Corp.)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described in Section 12.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 and the Certificate Articles of Formation Dissolution shall have been cancelled filed with the Department of State as provided in Section 12.04.

Appears in 1 contract

Samples: Operating Agreement (BBX Capital Florida LLC)

Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event first to occur of the events described in Section 12.01 11.1 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03 11.3 and the Certificate of Formation shall have been cancelled as provided in Section 12.0411.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grom Social Enterprises, Inc.)

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