Events Requiring Dissolution. The Company shall be dissolved upon the happening of any of the following events:
(a) The occurrence of any event which would make unlawful under the Laws of Delaware or the United States of America the continuing existence of the Company;
(b) The vote of the Member; or
(c) The bankruptcy, insolvency or dissolution of the Member.
Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events:
1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners.
2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof).
3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI.
4. The disposition of all interests in the real, personal and mixed property and other assets of the Partnership.
Events Requiring Dissolution. The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (i) the written consent of the Member to dissolve the Company, (ii) at any time there are no Members of the Company unless the Company is continued without dissolution in a manner permitted by the Act, or (iii) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.
Events Requiring Dissolution. The Company shall be dissolved upon the occurrence of any of the following events:
(a) The sale or disposition of all or substantially all of the property and assets owned by the Company;
(b) The written consent of the Members holding more than SEVENTY FIVE PERCENT (75%) of the outstanding Membership Voting Interests; or
(c) The death, insanity, retirement, resignation, expulsion, bankruptcy or dissolution of a Member, or the occurrence of any other event that terminates a Member’s Membership Interest, unless at least TWO (2) Members remain upon and after such event and within NINETY (90) days after such event not less than a “majority in interest” of all of the remaining Members (as defined in Nevada Revised Statutes Section 86.065) agree in writing to continue the Company.
Events Requiring Dissolution. The Company shall be dissolved upon the happening of any of the following events:
(a) termination in accordance with expiration of its period of duration provided in Section 1.03 hereof;
(b) the occurrence of any event which would make unlawful under the laws of Delaware or the United States of America the continuing existence of the Company;
(c) the unanimous vote of the Members;
(d) an event of Dissociation, as defined in Section 9.02, occurring with respect to any Member unless the business of the Company is continued by the consent of all of the remaining Members within 90 days after the event of dissociation;
(e) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(f) notice of a Deadlock and a request for dissolution as provided in Section 7.10 hereof;
Events Requiring Dissolution. A Series of the Trust shall dissolve in the event that subscriptions for at least 40,000 Interests of the Unleveraged Series or 20,000 Interests of the Enhanced Series offered pursuant to the Offering Memorandum (excluding the Interests of the Manager and the Initial Interest Holder) are not sold during the Initial Offering Period. The Trust shall dissolve at any time upon the happening of any of the following events:
(a) The expiration of its term as provided in Article XII hereof.
(b) The filing of a certificate of dissolution or revocation of the charter (and the expiration of ninety (90) days after the date of notice to the Manager of revocation without a reinstatement of its charter) of the Manager, or upon the resignation or other withdrawal, adjudication of bankruptcy or insolvency of the Manager (each of the foregoing events an Event of Withdrawal), except that, in the discretion of the Manager, the Trust and each Series thereof shall not be dissolved upon an Event of Withdrawal of the Manager if the Manager is advised by tax counsel to the Trust that a proposed modification of this requirement will not adversely affect the classification of a Series of the Trust as a partnership for federal income tax purposes or otherwise adversely affect the Interest Holders.
(c) The occurrence of any event which would make unlawful the continued existence of the Trust.
(d) The suspension, revocation or termination of the Managers registration as a commodity pool operator under the CE Act, or membership as a commodity pool operator with the NFA.
(e) The Trust files a voluntary petition for bankruptcy; is adjudged bankrupt or insolvent, or has entered against it an order for relief in any bankruptcy or insolvency proceeding.
(f) The determination by the Manager that it is in the best interests of the other Interest Holders to terminate the Trust. The death, legal disability, bankruptcy, insolvency, dissolution, or withdrawal of any Interest Holder other than the Manager (as long as such Interest Holder is not the sole Interest Holder of the Trust) shall not result in the termination of the Trust or any Series thereof, and such Interest Holder, his estate, custodian or personal representative shall have no right to withdraw or value such Interest Holders Interests except as provided in Section 7.1 hereof. Each Interest Holder (and any assignee thereof) expressly agrees that in the event of his death, he waives on behalf of himself and his estate, and he directs th...
Events Requiring Dissolution. The Company shall be dissolved upon the occurrence of any of the following events:
17.1.1 the written consent of a majority of the outstanding Class A Interests; or
17.1. 2 an event specified under the TBOC as one causing dissolution.
Events Requiring Dissolution. The Company shall be dissolved only as specified in the Articles of Organization or as required under applicable governing law.
Events Requiring Dissolution. The Trust shall dissolve at any time upon the happening of any of the following events:
(a) The expiration of its term as provided in Article XII hereof.
(b) The filing of a certificate of dissolution or revocation of the charter (and the expiration of 90 days after the date of notice to the Managing Owner of revocation without a reinstatement of its charter) of the Managing Owner, or upon the withdrawal, removal, adjudication of bankruptcy or insolvency of the Managing Owner (each of the foregoing events an “Event of Withdrawal”) unless (i) at the time there is at least one remaining Managing Owner and that remaining Managing Owner carries on the business of the Trust or (ii) within ninety (90) days of such Event of Withdrawal all the remaining Interestholders agree in writing to continue the business of the Trust and to select, effective as of the date of such event, one or more successor Managing Owners. If the Trust is terminated as the result of an Event of Withdrawal of a Managing Owner and a failure of the Interestholders to continue the business of the Trust and appoint a successor Managing Owner as provided in clause (b)(ii) above, within one hundred and twenty (120) days of such Event of Withdrawal, Limited Owners holding a majority in interest (over 50%) of the outstanding Interests (not including Interests held by the Managing Owner and its Affiliates) may elect to continue the business of the Trust by forming a new business trust (the “Reconstituted Trust”) on the same terms and provisions as set forth in this Trust Agreement (whereupon the parties hereto shall execute and deliver any documents or instruments as may be necessary to reform the Trust). Any such election must also provide for the election of a Managing Owner to the Reconstituted Trust. If such an election is made, all Limited Owners of the Trust shall be bound thereby and continue as Limited Owners of the Reconstituted Trust.
(c) The occurrence of any event which would make unlawful the continued existence of the Trust.
(d) In the event that subscriptions for at least 100,000 Interests are not sold during the Initial Offering Period.
(e) In the event of the suspension, revocation or termination of the Managing Owner’s registration as a commodity pool operator under the CE Act, or membership as a commodity pool operator with the NFA unless at the time there is at least one remaining Managing Owner whose registration or membership has not been suspended, revoked or terminated.
(f) ...
Events Requiring Dissolution. The Company shall dissolve and its affairs shall be wound up at such time, if any, as the Members may elect. No other event (including, without limitation, an event described in Section 18-801(a)(4) or (5) of the Act) will cause the Company to dissolve.
