Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”): (a) the expiration of the specific term set forth in Section 2.5; (b) at any time at the election of the Managers in writing; (c) at any time there are no Members (unless otherwise continued in accordance with the Act); or (d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 5 contracts
Samples: Limited Liability Company/Joint Venture Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of the Managers Management Committee in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Limited Liability Company/Joint Venture Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) in the event the conditions set forth in Section 4 are not fulfilled;
(c) at any time at the election of the Managers in writing;
(cd) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(de) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company/Joint Venture Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company/Joint Venture Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the specific term set forth in Section 2.5;
(b) (i) at any time at after the election sale of the Managers Property at such time as determined by the Manager, or (ii) by the unanimous approval of the Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance inaccordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of the Managers Manager in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bluerock Multifamily Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) (i) at any time at after the election sale of the Managers Property at such time as determined by the Manager, or (ii) by the unanimous approval of the Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreement has not been closed by January 5, 2016.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreements have not been closed by October 31, 2015.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(ai) the expiration of the specific term set forth in Section 2.5;
(bii) at any time at after the election sale of the Managers Property at such time as determined by the Manager;
(iii) by the unanimous approval of the Members in writing;
(civ) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(dv) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the unanimous election of the Managers in writing;
(cb) at any time there are no Members (unless otherwise continued in accordance with the Act);
(c) the sale or other disposition of all or substantially all of the assets of the Company; or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in m accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreement has not been closed by November 28, 2014.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreement has not been closed by November 18, 2016.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the any specific term set forth in Section 2.5;
(b) at any time at the election of the Managers Manager in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (each a “Dissolution Event”):
): (a) the expiration of the specific term set forth in Section 2.5;
; (b) at any time at the election of the Managers Manager in writing;
; (c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
or (d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (each a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of the Managers Manager in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of the Managers Manager in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the specific term set forth in Section 2.5;
(b) in the event the conditions set forth in Section 4.1 or Section 4.2 are not fulfilled on or before 75 days from the date hereof;
(c) at any time at the election of the Managers in writing;
(cd) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(de) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (each a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.52.5 above;
(b) at any time at the election of the Managers Manager in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company/Joint Venture Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Medalist Diversified REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreement has not been closed by April 30, 2014.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreement has not been closed by August 24, 2015.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “"Dissolution Event”"):
(a) the expiration of the any specific term set forth in Section 2.5;
(b) at any time at the election of the Managers Manager in writing;
(c) at any time there are no Members (unless otherwise continued in m accordance with the Act); or
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Exclusive Events Requiring Dissolution. The Company shall be dissolved only upon the earliest to occur of the following events (a “Dissolution Event”):
(a) the expiration of the specific term set forth in Section 2.5;
(b) at any time at the election of all of the Managers Members in writing;
(c) at any time there are no Members (unless otherwise continued in accordance with the Act); or;
(d) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act; or
(e) the Purchase Agreement has not been closed by July 14, 2016.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)