Common use of Events Giving Rise to Dissolution Clause in Contracts

Events Giving Rise to Dissolution. The Company shall dissolve upon the first to occur of the following, and upon no other event or occurrence: (i) the consent of sole Member; (ii) the election by the Board of Managers to dissolve the Company; (iii) any event which makes it unlawful for the business of the Company to be carried on; (iv) the entry of a decree of judicial dissolution under the Act; or (v) as otherwise specified under the Act.

Appears in 6 contracts

Samples: Operating Agreement (Lbi Media Inc), Operating Agreement (Lbi Media Inc), Operating Agreement (Lbi Media Inc)

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Events Giving Rise to Dissolution. The Company shall dissolve upon the first to occur of the following, and upon no other event or occurrence: (i) 10.1 The election of the consent of sole Member; (ii) the election by the Board of Managers Member to dissolve the Company; (iii) any 10.2 Any event which that makes it unlawful for the business of the Company to be carried on; (iv) on by the entry of a decree of judicial dissolution under the ActMember; or (v) as 10.3 As otherwise specified under in the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (WLH Trails at Leander LLC)

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Events Giving Rise to Dissolution. The Company shall dissolve upon the first to occur of the following, and upon no other event or occurrence: (i) 12.1 The election of the consent Members holding not less than two-thirds of sole Member; (ii) the election by Percentage Interests, and the Board concurrence of Managers the Manager, to dissolve the Company; (iii) any 12.2 Any event which that makes it unlawful for the business of the Company to be carried on; (iv) on by the entry of a decree of judicial dissolution under the ActMembers; or (v) as 12.3 As otherwise specified under in the Act.

Appears in 1 contract

Samples: Operating Agreement (WLH Trails at Leander LLC)

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