Events Causing Termination. Except as otherwise provided in this Agreement, the Company shall be dissolved and shall terminate, and its affairs shall be wound up, upon the occurrence of any of the following events (the "Termination Event”): (a) the bankruptcy of the Company; (b) the determination of the Manager with the consent of the Members by Majority Vote; (c) December 31, 2024; provided, however, that the Manager may, by giving written notice to the Members, extend the terms through December 31, 2025. (d) A Withdrawal Event of the Manager except to the extent otherwise provided in Section 6.11; (e) the sale or other disposition of all or substantially all of the assets of the Company; or (f) the entry of a decree of judicial dissolution of the Company pursuant to Section 18-801 of the Delaware Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Luna Azul Development Fund, LLC), Limited Liability Company Agreement (Luna Azul Development Fund, LLC), Limited Liability Company Agreement (Luna Azul Development Fund, LLC)
