Common use of Events of Dissolution or Liquidation Clause in Contracts

Events of Dissolution or Liquidation. The Company shall be dissolved upon the happening of any of the following events: (a) The failure of the successor-in-interest to the last remaining Member to continue the Company in accordance with the provisions of Section 14.01 hereof after the termination of such Member’s membership; (b) The sale, exchange, or other disposition or transfer of all or substantially all of the assets of the Company; (c) Upon the unanimous consent of the Members; or (d) Subject to any provision of this Agreement that limits or prevents dissolution, the happening of any event that, under the Act caused the dissolution of a limited liability company.

Events of Dissolution or Liquidation. The Company shall be dissolved upon the happening of any of the following events: (a) The failure of the successor-in-interest to the last remaining Member Members to continue the Company in accordance with the provisions of Section 14.01 15.01 hereof after the termination of such a Member’s 's membership. (b) The expiration of the term of the Company as set forth in Section 2.04 hereof; (bc) The sale, exchange, or other disposition or transfer of all or substantially all of the assets of the Company; (cd) Upon the unanimous consent of the Members; or (de) Subject to any provision of this Agreement that limits or prevents dissolution, the happening of any event that, under the Act caused the dissolution of a limited liability company.

Events of Dissolution or Liquidation. The Company shall be dissolved upon the happening of any of the following events: (a) The failure of the successor-in-interest to the last remaining Member to continue the Company in accordance with the provisions of Section 14.01 13.01 hereof after the termination of such Member’s membership; (b) The sale, exchange, or other disposition or transfer of all or substantially all of the assets of the Company; (c) Upon the unanimous consent of the Members; or (d) Subject to any provision of this Agreement that limits or prevents dissolution, the happening of any event that, under the Act caused the dissolution of a limited liability company.