Common use of Mergers or Consolidation; Dissolution Clause in Contracts

Mergers or Consolidation; Dissolution. The Units and Preferred Units each have the right to vote as separate classes on any merger or consolidation of the Company where the Company is not the surviving Entity (see 9.12.4) or the dissolution of the Company (except under Sections 5.1.1.2 and 5.1.1.3), provided that any such act must first receive the approval of the Board of Managers;

Appears in 4 contracts

Samples: Operating Agreement (JCM Partners LLC), Operating Agreement (JCM Partners LLC), Operating Agreement (JCM Partners LLC)

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