No Right to Cause Dissolution Sample Clauses

No Right to Cause Dissolution. No Member shall have the right or power to cause the dissolution and winding up of the Company by court decree or otherwise.
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No Right to Cause Dissolution. Notwithstanding the provisions of Section 4.1 hereof, no Member shall have the right to retire, resign or withdraw (as such terms are used in the Act, it being understood that this Section 4.2 is not intended to affect any provision of any Employment Agreement) as a Member or otherwise cause, voluntarily or involuntarily, a dissolution of Company other than as expressly permitted pursuant to clause (b) of said Section 4.1, or in connection with a transfer permitted pursuant to Article 5 hereof, and any such action or any such dissolution caused by a Member, other than as so permitted, shall constitute a breach by such Member of its obligations under this Agreement.
No Right to Cause Dissolution. Except as provided in Section 21.1, no Partner shall have the right to cause the dissolution of the Partnership.
No Right to Cause Dissolution. Notwithstanding the provisions of Section 4.15 hereof, no Member shall have the right to retire, resign or withdraw (as such terms are used in the Act) as a Member or otherwise cause, voluntarily or involuntarily, a dissolution of MRT other than as expressly permitted pursuant to clause (b) of said Section 4.15, or in connection with a transfer permitted pursuant to this Article 4, and any such action or any such dissolution caused by a Member, other than as so permitted, shall constitute a breach by such Member of its obligations under this Agreement.

Related to No Right to Cause Dissolution

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

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