Common use of No Action for Dissolution Clause in Contracts

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the Company. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interests. Accordingly, except where the Managers have failed to liquidate the Company as required by this Article 14, each Member hereby waives and renounces his/her/its right to initiate legal action to seek the appointment of a receive or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles or this Agreement; or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the CompanyDissolution Event. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.110.1 or provided for under this Agreement. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Economic Interests. Accordingly, except where the Managers Members have failed to liquidate the Company as required by this Article 14X, each Member hereby waives and renounces his/her/its his or her right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 10.10 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the CompanyDissolution Event. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company IMMERSION if any Member should bring an action in court to dissolve the Company IMMERSION under circumstances where dissolution is not required by Section 14.1Article 9.1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Economic Interests. Accordingly, except where the Managers have failed to liquidate the Company IMMERSION as required by this Article 14, 9 each Member hereby waives and renounces his/her/its his or her right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company IMMERSION or to seek a decree of judicial dissolution of the Company IMMERSION on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company IMMERSION in conformity with the Articles or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 Article 9.9 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company IMMERSION to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a the dissolution of the Company. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.112.1. This Agreement has been drawn carefully to provide fair treatment of to all parties and equitable payment in liquidation of the Membership InterestsUnits. Accordingly, except where the Managers Members have failed to liquidate the Company as required by this Article 14XII, each Member hereby waives and renounces his/her/its such Member’s right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 12.6 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a no Member shall not take any voluntary action that directly causes a the dissolution of the CompanyCompany (whether the dissolution is under this Section 13 or otherwise). The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.113.1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interestsliquidation. Accordingly, except where the Managers Members have failed to liquidate the Company as required by this Article 14Section 13, each Member hereby waives and renounces his/her/its his or her right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles Act or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 13.10 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled. 14.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the CompanyDissolution Event. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.115. 1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interests. Accordingly, except where the Managers have failed to liquidate the Company as required by this Article 1415, each Member hereby waives and renounces his/her/its right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles or this Agreement; or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 15.9 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the Company. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.110.01. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interestseconomic interests. Accordingly, except where the Managers have failed to liquidate the Company as required by this Article 1410, each Member hereby waives and renounces his/her/its such Member's right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (ai) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles articles or this Agreement; , or (bii) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 10.08 shall be in monetary damages only (and not specific performance), ) and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the CompanyDissolution Event. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.112.1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Economic Interests. Accordingly, except where the Managers have failed to liquidate the Company as required by this Article 14XII, each Member hereby waives and renounces his/her/its the Member's right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 12.9 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the CompanyDissolution Event. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.115. 1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interests. Accordingly, except where the Managers have failed to liquidate the Company as required by this Article 1415, each Member hereby waives and renounces his/her/its right to initiate legal action to seek the appointment of a receive or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles or this Agreement; or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 15.9 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a no Member shall not take any voluntary action that directly causes a the dissolution of the CompanyCompany (whether the dissolution is under this Section 13 or otherwise). The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.113.1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Interestsliquidation. Accordingly, except where the Managers Members have failed to liquidate the Company as required by this Article 14Section 13, each Member hereby waives and renounces his/her/its his or her right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles Act or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 13.10 shall be monetary damages only (and not specific performance), and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.

No Action for Dissolution. Except as expressly permitted in this Agreement, a Member shall not take any voluntary action that directly causes a dissolution of the CompanyDissolution Event. The Members acknowledge that irreparable damage would be done to the goodwill and reputation of the Company if any Member should bring an action in court to dissolve the Company under circumstances where dissolution is not required by Section 14.110.1. This Agreement has been drawn carefully to provide fair treatment of all parties and equitable payment in liquidation of the Membership Distributional Interests. Accordingly, except where the Managers have Manager has failed to liquidate the Company as required by this Article 1410, each Member hereby waives and renounces his/her/its his or her right to initiate legal action to seek the appointment of a receive receiver or trustee to liquidate the Company or to seek a decree of judicial dissolution of the Company on the ground that: that (a) it is not reasonably practicable to carry on the business of the Company in conformity with the Articles Article or this Agreement; , or (b) dissolution is reasonably necessary for the protection of the rights or interests of the complaining Member. Damages for breach of this Section 14.9 10.8 shall be in monetary damages only (and not specific performance), ) and the damages may be offset against distributions by the Company to which such Member would otherwise be entitled.