Liquidation Events. Subject to Section 10.1(b), the Company shall be liquidated and its affairs shall be wound up on the first to occur of the following events (each a “Liquidation Event”) and no other event shall cause the Company’s dissolution: (i) the consent of the Board and the Members in accordance with Article 7; (ii) at any time when there are no Members; and (iii) entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)
Liquidation Events. Subject to Section 10.1(b), the Company shall be liquidated and its affairs shall be wound up on the first to occur of the following events (each a “Liquidation Event”) and no other event shall cause the Company’s dissolution:
(i) the consent of the Board Managing Member and holders of a majority of the Members in accordance with Article 7Class A-1 Units;
(ii) at any time when there are no Members; and
(iii) entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)
Liquidation Events. Subject to Section 10.1(b)10.2, the Company shall be liquidated and its affairs shall be wound up on the first to occur of the following events (each a “Liquidation Event”) and no other event shall cause the Company’s dissolution:
: (ia) upon the consent of the Board and the Members in accordance with Article 7;
Managing Member, (iib) at any time when there are no Members; and
Members and (iiic) entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nexeo Solutions Finance Corp)
