Events Resulting in Dissolution. The Company shall be dissolved only upon the first to occur of the following: (i) the written determination of the Member; or (ii) the entry of a decree of judicial dissolution under the Act.
Events Resulting in Dissolution. The Company will be dissolved upon the decision of the Member or as required by the Act.
Events Resulting in Dissolution. The Company shall dissolve pursuant to the Delaware Act only if one or more of the following events occurs:
(a) The sale of all or substantially all of the Company, its assets or properties, provided, however, that if such sale is made on the terms that the Company takes a note or other indebtedness or securities of the purchaser for part of the purchase price, no dissolution shall occur until such time as the Company ceases to be the holder of such securities, such note or indebtedness or such note or the indebtedness evidenced by such note has been paid in full.
(b) The agreement in writing by the Management Committee and Members holding a majority of the Units.
(c) Any judicial entry of an order of dissolution of the Company under the Delaware Act. The Company shall not be dissolved or terminated by reason of the bankruptcy, removal, withdrawal, dissolution or admission of any Member.
Events Resulting in Dissolution. The Company shall be dissolved upon the first to occur of the following:
Events Resulting in Dissolution. The Company shall not be dissolved or terminated by reason of the bankruptcy, removal, withdrawal, dissolution or admission of any Member. The Company shall dissolve pursuant to the Delaware Act only if one or more of the following events occurs:
(a) The sale of all or more than 90% of the Company’s assets or properties, provided, however, that if such sale is made on the terms that the Company takes a note or other indebtedness or securities of the purchaser for part of the purchase price, no dissolution shall occur until such time as the Company ceases to be the holder of such securities, such note or indebtedness or such note or the indebtedness evidenced by such note has been paid in full;
(b) The agreement in writing by all of the members of the Management Committee; or Delaware Act.
(c) Any judicial entry of an order of dissolution of the Company under the
Events Resulting in Dissolution. The Company shall dissolve pursuant to the Delaware Act only if one or more of the following events occurs:
(a) The sale of all or substantially all of the Properties or the Company’s interest in each of the Subsidiaries, provided, however, that if such sale is made on the terms that the Company or a Subsidiary takes a note or other indebtedness of the purchaser for part of the purchase price, no dissolution shall occur until such time as the Company or such Subsidiary ceases to be the holder of such note or indebtedness or such note or the indebtedness evidenced by such note has been paid in full;
(b) The unanimous agreement in writing by the Members to dissolve the Company;
(c) The voluntary or involuntary dissolution of both Members; or
(d) Any other event that requires the Company’s dissolution under the Delaware Act.
Events Resulting in Dissolution. The Company shall be dissolved upon the earlier of (1) the written election of both Members and (2) termination of the Marketing Agreement.
Events Resulting in Dissolution. The Company will be dissolved upon the earlier of the expiration of its term or the occurrence of any of the following:
(a) The election of the Member;
(b) The expiration of 30 days following the sale or transfer of all of the assets of the Company; or
(c) As otherwise required by the Act or the provisions of this Agreement.
Events Resulting in Dissolution. The decision of the Member to dissolve shall result in an immediate dissolution of the Company.
Events Resulting in Dissolution. The Company shall dissolve pursuant to the Delaware Act only if one or more of the following events occurs:
A. The sale of all or substantially all of the Property or its Subsidiary(ies), provided, however, that if such sale is made on the terms that the Company or its Subsidiary(ies) takes a note or other indebtedness of the purchaser for part of the purchase price, no dissolution shall occur until such time as the Company or its Subsidiary(ies) ceases to be the holder of such note or indebtedness or such note or the indebtedness evidenced by such note has been paid in full;
B. The unanimous agreement in writing by the Members to dissolve the Company prior to the Redemption Price having been fully paid, or the decision by the Manager to do so after the Redemption Price has been fully paid;
C. The termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a manner permitted by this Agreement or the Delaware Act; or
D. Any other event that requires the Company’s dissolution under the Delaware Act.
