Right to Dissolve Sample Clauses
Right to Dissolve. After notice of termination, the Holders ----------------- shall consult in good faith for sixty (60) days concerning the disposition of their respective interests in LAK and the future operations of LAK. If the Holders do not sign a written agreement regarding such matters within such sixty (60) days and if any application or petition is not submitted for the commencement of any proceedings described in Section 5.3(a)(ii), then each Holder shall have the option to cause dissolution of LAK under the Code by giving written notice of dissolution to the other Holders and LAK. Upon such notice, each Holder and LAK shall take all actions (including voting of Shares in favor for dissolution) required to dissolve and liquidate LAK in accordance with applicable laws and regulations.
Right to Dissolve. After notice of termination by a Founder under 6.4.1, the Founders shall consult in good faith for 60 days concerning the disposition of their interests in Alpha and the future operations of Alpha. If the Founders do not sign a written agreement regarding such matters within the 60 days and if any application or petition is not submitted for the commencement of any proceedings described in Sections 6.4.1(a) or 6.4.1(b) above, then the Founder who gave the termination notice shall have the option to cause the dissolution of Alpha under British Virgin Island law by giving written notice of dissolution to the other Founder and Alpha. Upon such notice, each Founder and Alpha will take all actions (including voting of Shares in favour for dissolution) required to dissolve and liquidate Alpha in accordance with applicable laws and regulations. In this dissolution, Alpha will first auction its assets to the Founders in a process structured and supervised by Alpha's independent auditors, and then sell any remaining assets to third parties.
Right to Dissolve. After the occurrence of a Liquidating Event, the Holders shall consult in good faith for 60 days concerning the disposition of their respective interests in JVC and the future operations of JVC. If the Holders do not sign a written agreement regarding such matters during such 60-day period, then CBI shall have the option to cause liquidation or dissolution of JVC.