Perpetual Existence. The Company shall have a perpetual existence. So long as any of the Company's transition bonds shall remain outstanding, the Member shall not be entitled to consent to the liquidation, dissolution or winding up of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Txu Transition Bond Co LLC)
Perpetual Existence. The Company shall have a perpetual existence. So long as any of the Company's transition bonds shall remain outstanding, the sole Member shall not be entitled to consent to the liquidation, dissolution or winding up of the Company.
Appears in 1 contract
Samples: Pp&l Transition Bond Co Inc
Perpetual Existence. The Company shall have a perpetual existence. So long as any of the Company's transition securitization bonds shall remain outstanding, the sole Member shall not be entitled to consent to the liquidation, dissolution or winding up of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Consumers Funding LLC)
Perpetual Existence. The Company shall have a perpetual existence. So long as any of the Company's transition bonds shall remain outstanding, the Member shall not be entitled to consent to the liquidation, dissolution or winding up of the Company.
Appears in 1 contract
Samples: Pse&g Transition Funding LLC
