Resignation; Dissolution Sample Clauses

Resignation; Dissolution. (a) Private Owner may not withdraw or resign from the Company, except (i) in connection with a Permitted Disposition made in accordance with the applicable provisions of this Article VIII or (ii) with the prior written consent of the Initial Member. (b) The Private Owner covenants that it shall not allow a Dissolution Event to occur with respect to itself. (c) Section 18-304 of the Act shall not apply to the Company. Nothing in this Section 8.8(c) shall limit the terms of Section 9.1 hereof. (d) Except as is otherwise expressly provided in this Agreement, no Member shall be entitled to receive any payment pursuant to Section 18-604 of the Act.
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Resignation; Dissolution. (a) Member may not withdraw or resign from the Company, except (i) in connection with the Disposition by Initial Member of its entire Company Interest as contemplated in the recitals, (ii) in connection with a Permitted Disposition made in accordance with the applicable provisions of this Article VIII or (iii) with the prior written consent of the Participant. (b) Member covenants that it shall not allow a Dissolution Event to occur with respect to itself. (c) Section 18-304 of the Act shall not apply to the Company. Nothing in this Section 8.7(c) shall limit the terms of Section 9.1 hereof. (d) Except as is otherwise expressly provided in this Agreement, Member shall not be entitled to receive any payment pursuant to Section 18-604 of the Act.

Related to Resignation; Dissolution

  • Dissolution The Company shall dissolve, and its affairs shall be wound up, upon the first to occur of the following: (a) the written consent of the Member or (b) the entry of a decree of judicial dissolution under Section 18-802 of the Act.

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