Common use of Term and Fiscal Year Clause in Contracts

Term and Fiscal Year. (a) The term of the Company shall commence as of the date hereof and shall continue until December 31, 20 , or unless and until the Company is sooner dissolved and liquidated in accordance with the terms of this Operating Agreement or as otherwise provided by law. (b) The first fiscal year of the Company shall terminate on December 31, 20 , and succeeding fiscal years shall terminate on December 31st of each year thereafter, or on such other date as the Company shall terminate as herein provided.

Appears in 1 contract

Samples: Operating Agreement

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Term and Fiscal Year. (a) The term of the Company shall commence as of the date hereof commenced on January 18, 2022 and shall continue until December 31, 20 , in perpetuity or unless and until all of the assets of the Company is are sooner dissolved converted to cash or unless and liquidated until sooner terminated in accordance with the terms of this Operating Agreement or as otherwise provided by law. (b) The first fiscal year of the Company shall terminate on December 31, 20 2022, and succeeding fiscal years shall terminate on December 31st of each year thereafter, thereafter or on such other date as the Company shall terminate as herein provided.

Appears in 1 contract

Samples: Operating Agreement (ETX Park Fund #2, LLC)

Term and Fiscal Year. (a) The term of the Company shall commence as of the date hereof commenced on January 18, 2022, and shall continue until December 31, 20 , in perpetuity or unless and until all of the assets of the Company is are sooner dissolved converted to cash or unless and liquidated until sooner terminated in accordance with the terms of this Operating Agreement or as otherwise provided by law. (b) The first fiscal year of the Company shall terminate on December 31, 20 2022, and succeeding fiscal years year shall terminate on December 31st of each year thereafter, thereafter or on such other date as the Company shall terminate as herein provided.

Appears in 1 contract

Samples: Investment Agreement (ETX Park Fund #2, LLC)

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Term and Fiscal Year. (a) The term of the Company shall commence as of the date hereof and shall continue until December 31in perpetuity, 20 , or unless and until the Company is sooner dissolved and liquidated terminated in accordance with the terms of this Operating Agreement or as otherwise provided by law. (b) The first fiscal year of the Company shall terminate on December 31, 20 2000, and succeeding fiscal years shall terminate on December 31st of each year thereafter, or on such other date as the Company shall terminate as herein provided.

Appears in 1 contract

Samples: Operating Agreement

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