Common use of Events Causing Termination Clause in Contracts

Events Causing Termination. The Company shall be terminated and its affairs wound up on the first to occur of the following: (a) the Retirement of a Manager unless the business of the Company is continued as provided in Article XIV; or (b) the election to dissolve the Company made in writing by all the Members; or (c) the sale or other disposition of all or a substantial part of the assets of the Company; or (d) any other act or event causing a dissolution under the Act.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Aptitude Solutions, Inc.), Limited Liability Company Operating Agreement (Aptitude Solutions, Inc.), Limited Liability Company Operating Agreement (Aptitude Solutions, Inc.)

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Events Causing Termination. The Company shall be terminated dissolved and its affairs shall be wound up on upon the first to occur occurrence of either of the following: (ai) termination hereof by the Retirement of a Manager unless the business of the Company is continued as provided in Article XIVMember; or (bii) the election to dissolve the Company made in writing by all the Members; or (c) the sale or other disposition occurrence of all or a substantial part any of the assets events set forth in Section 11.051 of the Act that affects the Member and thereby results in the dissolution of the Company; or (d) any other act or event causing a dissolution under the Act.

Appears in 2 contracts

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

Events Causing Termination. The Company shall be terminated dissolved and its affairs shall be wound up on upon the first to occur occurrence of any of the following: (a) the Retirement of a Manager unless termination hereof by the business of the Company is continued as provided in Article XIV; orMember; (b) the election to dissolve occurrence of any of the Company made events set forth in writing by all Section 18-801(4) of the MembersAct that affects the Member and thereby results in the dissolution of the Company; or (c) the sale or other disposition entry of all or a substantial part decree of the assets of the Company; or (d) any other act or event causing a judicial dissolution under Section 18-802 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Intcomex Holdings, LLC), Operating Agreement (Intcomex Holdings, LLC)

Events Causing Termination. The Company shall be terminated dissolved and its affairs shall be wound up on upon the first to occur occurrence of either of the following: (a) termination hereof by the Retirement of a Manager unless the business of the Company is continued as provided in Article XIVMembers; or (b) the election to dissolve the Company made in writing by all the Members; or (c) the sale or other disposition occurrence of all or a substantial part any of the assets events set forth in Section 18-801(4) of the Act that affects the Members and thereby results in the dissolution of the Company; or (d) any other act or event causing a dissolution under the Act.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Northern Tier Energy LLC)

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Events Causing Termination. The Company shall be terminated dissolved and its affairs shall be wound up on upon the first to occur occurrence of either of the following: (ai) termination hereof by the Retirement of a Manager unless the business of the Company is continued as provided in Article XIVMember; or (bii) the election to dissolve the Company made in writing by all the Members; or (c) the sale or other disposition occurrence of all or a substantial part any of the assets events set forth in Section 18-801(4) of the Act that affects the Member and thereby results in the dissolution of the Company; or (d) any other act or event causing a dissolution under the Act.

Appears in 1 contract

Samples: Operating Agreement (Westlake PVC Corp)

Events Causing Termination. The Company shall be terminated dissolved and its affairs shall be wound up on upon the first to occur occurrence of either of the following: (a) termination hereof by the Retirement of a Manager unless the business of the Company is continued as provided in Article XIVMember; or (b) the election to dissolve the Company made in writing by all the Members; or (c) the sale or other disposition occurrence of all or a substantial part any of the assets events set forth in Section 18-801(4) of the Act that affects the Member and thereby results in the dissolution of the Company; or (d) any other act or event causing a dissolution under the Act.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Northern Tier Retail LLC)

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