Common use of TERM AND DISSOLUTION OF THE COMPANY Clause in Contracts

TERM AND DISSOLUTION OF THE COMPANY. The Company shall continue in existence until dissolved (i) upon no less than sixty (60) days’ advance written notice by a majority-in-interest of the Members to the Board and the Investment Adviser that they have elected to dissolve the Company, (ii) by the Board, upon no less than sixty (60) days’ advance written notice to the Members (or such shorter notice as may be and only to the extent required or advisable to comply with applicable law and regulation), following a recommendation of the Investment Adviser that such dissolution is required or advisable to comply with applicable law or regulation, (iii) by the Board following a recommendation by the Investment Adviser in accordance with Section 3.5.1(j), (iv) if there are no Members, unless the business of the Company is continued in accordance with this Agreement or the Delaware Act, or (v) upon the entry of a decree of judicial dissolution of the Company under the Delaware Act.