Common use of Events Causing Dissolution Clause in Contracts

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up upon the earlier to occur of the following: (a) at such time as the Member determines that the Company should be dissolved; or (b) upon entry of a decree of judicial dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Tandy Holdings, Inc.), Operating Agreement (Tandy Holdings, Inc.)

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Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier first to occur of the following: (a) at such time as The unanimous consent of the Member determines that the Company should be dissolved; orMembers. (b) upon The entry of a decree of judicial dissolution.

Appears in 1 contract

Samples: Operating Agreement (Crystal Park Hotel & Casino Development Co LLP)

Events Causing Dissolution. The Company shall will be dissolved and its affairs wound up upon the earlier to occur of the following: (a) at such time as the Member determines Board of Managers determine that the Company should be dissolved; or (b) upon entry of a decree of judicial dissolution, or whenever dissolution is required by law.

Appears in 1 contract

Samples: Operating Agreement (Bon-Ton Stores of Lancaster, Inc.)

Events Causing Dissolution. (a) The Company shall be dissolved and its affairs wound up upon the earlier to occur of the following: (ai) at such time as the Member determines that the Company should be dissolved; or (bii) upon entry of a decree of judicial dissolution. (b) The Company shall continue and shall not dissolve as a result of any event specified in Section 18-801(a) of the Act, so long as, as a result of any such occurrence, the Member’s successor, or its designee, becomes a Member.

Appears in 1 contract

Samples: Operating Agreement (Worldwide Auto Parts, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier to occur occurrence of any of the followingfollowing events: (a) at such time as the determination of the Member determines that the Company should be dissolved; or; (b) upon the entry of a decree of judicial dissolutiondissolution in accordance with the Act; (c) the last member of the Company ceasing to be a member of the Company unless the Company is continued without dissolution in accordance with the Act.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Cascades USA Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up upon the earlier first to occur of the followingfollowing events: (a) at such time as Upon the Member determines that the Company should be dissolved; orwritten approval of a Supermajority in Interest; (b) upon Upon the entry of a decree of judicial dissolutiondissolution with respect to the Company by a court of competent jurisdiction; or (c) When the Company is not the surviving entity in a merger or consolidation under the Act.

Appears in 1 contract

Samples: Operating Agreement

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier happening of the first to occur of the following: any of (a) at such time as the Member determines that decision of the Company should be dissolved; or Member, and (b) upon entry an event of dissolution of a decree of judicial dissolutionlimited liability company under the Act.

Appears in 1 contract

Samples: Operating Agreement

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up only upon the earlier first to occur of the followingfollowing events: (a) at such time as Upon the Member determines that written determination of all of the Company should be dissolved; orMembers to dissolve. (b) upon Upon the entry of a decree of judicial dissolutiondissolution with respect to the Company by a court of competent jurisdiction.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Badlands Power Fuels, LLC)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up only upon the earlier to occur occurrence of any of the following:following events (each, a “Liquidating Event”): (a) at such time as The determination of the Member determines that the Company should be dissolvedManager; or (b) upon entry The final decree of a decree of judicial dissolutioncourt that dissolution is required under applicable law.

Appears in 1 contract

Samples: Operating Agreement (Norhart Invest LLC)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier to occur occurrence of any of the followingfollowing events: (a) the determination of the Board of Managers; (b) at such time as the Member determines that the Company should be dissolved; orthere are no Members; (bc) upon the entry of a decree of judicial dissolutiondissolution under the Act; or (d) on a direct or indirect sale or exchange of all or substantially all of the assets of the Company or its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (SeqLL, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier first to occur of the following: (a) at such time as a. The written consent of the Member determines that the Company should be dissolved; orMember. (b) upon b. The entry of a decree of judicial dissolution.

Appears in 1 contract

Samples: Operating Agreement (Manchester Mall Inc)

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Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier to occur occurrence of any of the followingfollowing events: (a) the determination of the Members pursuant to Section 6.12(q); (b) at such time as the Member determines that the Company should be dissolved; orthere are no Members; (bc) upon the entry of a decree of judicial dissolutiondissolution under the Act; or (d) the sale, exchange or disposition of all, or substantially all, of the Company's assets in one transaction or a series of related transactions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Markwest Energy Partners L P)

Events Causing Dissolution. The Notwithstanding any provisions of the Code, the Company shall be dissolved and its affairs shall be wound up only upon the earlier earliest to occur of the followingfollowing events: (a) at such time as The written consent of the Member determines that the Company should be dissolvedMember; or (b) upon entry Entry of a decree of judicial dissolutiondissolution pursuant to the Code.

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier to occur when any one or more of the followingfollowing occurs: (a) at such time as the Member determines that 13.1 The term of the Company should be dissolved; orexpires. (b) upon entry of a decree of judicial dissolution13.2 The Member decides to dissolve the Company.

Appears in 1 contract

Samples: Operating Agreement (BioExpress, LLC)

Events Causing Dissolution. The Company shall be dissolved and its affairs wound up only upon the earlier to occur of the followingfollowing to occur: (a) at such time as the Member determines that the Company should be dissolvedWritten agreement by all Members; (b) A decree of judicial dissolution; or (bc) upon entry of a decree of judicial dissolutionWhen required by law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sitestar Corp)

Events Causing Dissolution. The Company shall be dissolved dissolve upon, and its affairs shall be wound up upon after, the earlier to occur happening of any of the followingfollowing events: (a) at such time as 9.1.1 the Member determines that election to dissolve and terminate the Company should be dissolvedby the Managing Member, with the Consent of a majority in Interest of the Members; 9.1.2 the sale or other disposition of all or substantially all of the assets of the Company; or (b) upon 9.1.3 the entry of a decree of judicial dissolutiondissolution with respect to the Company under the Act.

Appears in 1 contract

Samples: Operating Agreement

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier to occur occurrence of any of the followingfollowing events: (a) at such time as the Member determines that Majority Vote of the Company should be dissolvedBoard of Managers to dissolve, wind up and liquidate the Company; (b) the sale of all or substantially all the assets of the Company; or (bc) upon the entry of a decree of judicial dissolutiondissolution under Section 18-802 of the Act.

Appears in 1 contract

Samples: Operating Agreement (Digital Cinema Destinations Corp.)

Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the earlier to occur occurrence of any of the followingfollowing events: (a) as determined by a Supermajority Interest following the sale or other disposition of the last remaining parcel of Property in which the Company or any Subsidiary owns a fee or leasehold interest; (b) at such time as the Member determines that the Company should be dissolvedthere are no Members; or (bc) upon the entry of a decree of judicial dissolutiondissolution under the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Circle Entertainment, Inc.)

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