Common use of Mandatory Dissolution Clause in Contracts

Mandatory Dissolution. The Company shall be dissolved immediately upon the first to occur of the following events: (a) A determination by the Manager and a Super Majority in Interest that the Company should be dissolved; (b) The withdrawal, termination, bankruptcy or dissolution of all Members, or the occurrence of any other event (other than a Transfer of a Member’s Units in the Company, which shall be subject to Article 8) which terminates the continued membership of all Members in the Company; and (c) The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.

Mandatory Dissolution. The Company shall be dissolved immediately upon the first to occur of the following events: (a) A determination by The happening of any event of dissolution specified in the Manager and a Super Majority in Interest that the Company should be dissolvedCertificate of Formation; (b) The withdrawal, termination, bankruptcy or dissolution of all Members, or the occurrence of any other event (other than a Transfer of a Member’s Units in the Company, which shall be subject A Majority-in-Interest elects to Article 8) which terminates the continued membership of all Members in dissolve the Company; and (c) The entry of a decree of judicial dissolution (upon the application of a Majority-in-Interest) pursuant to Section 18-802 of the Act.

Mandatory Dissolution. The Company shall be dissolved immediately upon the first to occur of the following events: (a) A determination by The happening of any event of dissolution specified in the Manager and a Super Majority in Interest that the Company should be dissolvedCertificate; (b) The withdrawal, termination, bankruptcy or dissolution sale of all Members, or the occurrence substantially all of any other event (other than a Transfer of a Member’s Units in the Company, which shall be subject to Article 8) which terminates ’s assets for cash; (c) The written consent of the continued membership Board and a Majority-in-Interest of all Members in the CompanyMembers; and (cd) The entry of a decree of judicial dissolution pursuant to Section 18-802 of the Act.