Exclusive Causes Sample Clauses
The "exclusive causes" clause defines specific events or circumstances that are solely responsible for triggering certain rights, obligations, or consequences under the contract. In practice, this clause limits the scope of liability or responsibility to only those causes explicitly listed, such as natural disasters, government actions, or other enumerated events, and excludes all other potential causes. By clearly identifying which causes are covered, the clause helps prevent disputes over responsibility and ensures that parties are only held accountable for risks they have expressly agreed to manage.
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Exclusive Causes. 17 7.3 Liquidation...................................................... 17 7.4 No Capital Contribution Upon Dissolution......................... 17 7.5
Exclusive Causes. The following and only the following events shall cause the Partnership to be dissolved, liquidated and terminated:
(a) The unanimous election of the Partners;
(b) The occurrence of an event of withdrawal of the General Partner; provided, however, the events set forth at Sections 17-402(a)(4) and (5) of the Act shall not constitute events of withdrawal of the General Partner and upon the occurrence of any such event the General Partner shall not cease to be general partner of the Partnership and the Partnership shall continue without dissolution; and
(c) Dissolution of the Partnership by law, including pursuant to a decree of judicial dissolution under Section 17-802 of the Act.
Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated:
(a) by the election of all of the Members;
(b) the entry of a decree of judicial dissolution pursuant to §18-802 of the Act; or
(c) at any Member’s election, if the Company ceases operation for more than six (6) months unless due to force majeure. To the fullest extent permitted by law, any dissolution of the Company other than as provided in this Section 10.2 shall be a dissolution in contravention of this Agreement.
Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Partnership to be dissolved, liquidated, and terminated:
(a) the sale of all or substantially all of the assets of the Partnership;
(b) by the election of the General Partner; or
Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated:
(a) Subject to compliance with Section 5.2.1 hereof, the written consent of the Managing Member;
(b) The Transfer of all or substantially all of the Company Assets and the receipt of all consideration therefor, except that if non-monetary consideration is received upon such disposition the Company shall not be dissolved pursuant to this clause until such consideration is converted into United States dollars or a money equivalent;
(c) Judicial dissolution; or
(d) At any time that there are no Members, unless the business of the Company is continued in accordance with the Act. To the fullest extent permitted by law, any dissolution of the Company other than as provided in this Section 7.2 shall be a dissolution in contravention of this Agreement.
Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated:
(a) the occurrence of the sale or other disposition of all or substantially all of the assets of the Company or a related series of transactions that, taken together, result in the sale or other disposition of all or substantially all of the assets of the Company;
(b) the decisions of Members by an Applicable Approval Level;
(c) judicial dissolution; or
(d) at any time there are no Members of the Company unless the business of the Company is continued in accordance with the Act. Any purported dissolution of the Company other than as provided in this Section 9.2 shall be in contravention of this Agreement.
Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated:
(a) The occurrence of a Terminating Capital Transaction;
(b) [The Incapacity of the Managing Member, unless [a Majority in Interest of] the Members votes to continue the Company within ninety
Exclusive Causes. Notwithstanding the Act, the following and only the following events shall cause the Company to be dissolved, liquidated, and terminated:
Exclusive Causes. The Company shall be dissolved, and liquidated pursuant to Section 8.3, upon the earliest to occur of (it being understood that the following events are the only events that can cause the dissolution and liquidation of the Company):
(a) following the expiration of the Investment Period, upon the liquidation of all Assets, temporary investments and other assets of the Company;
(b) the unanimous election by the Members so to dissolve the Company;
(c) the good faith determination by the Manager that dissolution is necessary or advisable to avoid violations of the Investment Company Act or the Employee Retirement Income Security Act of 1974, as amended ("ERISA");
(d) at any time there are no Members of the Company unless the business of the Company is continued in accordance with the Delaware Act; or
(e) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Delaware Act.
Exclusive Causes. The following events, and only the following events, shall cause the Partnership to be dissolved, liquidated and terminated pursuant to the provisions of this Section 14.2: