Limitations on Powers of Members. Except as expressly authorized by this Agreement, no Member may, directly or indirectly, (a) resign, retire or withdraw from the Company, (b) dissolve, terminate or liquidate the Company, (c) petition a court for the dissolution, termination or liquidation of the Company, or (d) cause any property of the Company to be subject to the authority of any court, trustee or receiver (including suits for partition and bankruptcy, insolvency, and similar proceedings).
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Samples: Operating Agreement (Liquidmetal Technologies Inc), Securities Purchase Agreement (Liquidmetal Technologies Inc), Asset Purchase and Contribution Agreement (Liquidmetal Technologies Inc)
Limitations on Powers of Members. Except as expressly authorized by this Operating Agreement, no Member mayshall, directly or indirectly, (a) resign, retire or withdraw from the Company, (b) dissolve, terminate or liquidate the Company, (c) petition a court for the dissolution, termination or liquidation of the Company, Company or (d) cause any property of the Company to be subject to the authority of any court, trustee or receiver (including suits for partition and bankruptcy, insolvency, insolvency and similar proceedings).
Appears in 2 contracts
Samples: Operating Agreement (BFC Financial Corp), Operating Agreement (BBX Capital Corp)
Limitations on Powers of Members. Except as expressly authorized by permitted under this Operating Agreement, no Member may, directly or indirectly, (a) resign, retire or withdraw from the Company, (b) :
a. dissolve, terminate terminate, or liquidate the Company, (c) ;
b. petition a court for the dissolution, termination termination, or liquidation of the Company, or (d) ; or
c. cause any property of the Company to be subject to the authority of any court, trustee trustee, or receiver (including suits for partition and bankruptcy, insolvency, and similar proceedings).
Appears in 1 contract
Limitations on Powers of Members. Except as expressly authorized by this Agreement, no Member mayshall, directly or indirectly, (ai) resign, retire or withdraw from the Company, (bii) dissolve, terminate or liquidate the Company, (ciii) petition a court for the dissolution, termination or liquidation of the Company, or (div) cause any property of the Company to be subject to the authority of any court, trustee or receiver (including suits for partition and bankruptcy, insolvency, insolvency and similar proceedings).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Maui Land & Pineapple Co Inc)
Limitations on Powers of Members. Except as expressly authorized by this AgreementWithout the approval of all Members, no Member mayshall, directly or indirectly, indirectly (ai) resign, retire or withdraw from the Company, ; (bii) dissolve, terminate or liquidate the Company, (c) petition a court for the dissolution, termination or liquidation of the Company, ; or (diii) cause any property of the Company or any Subsidiary of the Company to be subject to the authority of any court, trustee or receiver (including suits for partition and bankruptcy, insolvency, insolvency and similar proceedings).
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