Common use of Events Causing Dissolution Clause in Contracts

Events Causing Dissolution. The Company shall be dissolved upon the happening of any of the following events (each a “Dissolution Event”): (i) the adoption of a resolution by the Board of Directors approving the dissolution of the Company; (ii) the operations of the Company shall cease to constitute legal activities under the Act or any other applicable law (as determined by the Board of Directors); (iii) at any time there are no members of the Company unless the Company is continued without dissolution in accordance with the Act; or (iv) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC)

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Events Causing Dissolution. The Company shall be dissolved upon the happening of any of the following events (each a “Company Dissolution Event”): (i) the adoption of a resolution by the Board of Directors approving the dissolution of the CompanyCompany and the approval of such action by V Members holding a majority of the outstanding V Shares; (ii) the operations of the Company shall cease to constitute legal activities under the Act or any other applicable law (as determined by the Board of Directors); (iii) at any time there are no members of the Company unless the Company is continued without dissolution in accordance with the Act; or (iv) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Apollo Asset Backed Credit Co LLC), Limited Liability Company Agreement (Apollo Asset Backed Credit Co LLC), Limited Liability Company Agreement (Apollo Infrastructure Co LLC)

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Events Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the happening occurrence of any of the following events (each each, a “Dissolution Event”): (i) the adoption of a resolution by the Board of Directors approving the dissolution of the Company; (ii) the operations of the Company shall cease to constitute legal activities under the Act or any other applicable law (as determined by the Board of Directors); (iii) at any time there are no members of the Company unless the Company is continued without dissolution in accordance with the Act; or (iva) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act; or (b) any other event not inconsistent with any provision hereof causing a dissolution of the Company under the Act.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Edgen Group Inc.), Limited Liability Company Operating Agreement (Edgen Group Inc.)

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