TERM AND TERMINATION OF THE COMPANY. The term of the Company will expire one year after the date by which all of its Investments have been liquidated (including through sale, transfer or otherwise) and its obligations (including contingent obligations) have terminated (or reasonable provision has been otherwise made for such obligations). The term of the Company may be extended upon the request of the Board and the approval of a majority-in-interest of the Members. The Company shall be dissolved only (i) upon the expiration of its term (as such term may be extended pursuant to this Agreement); (ii) at any time upon a decision of the Board; (iii) if there are no Members of the Company, unless the business of the Company is continued in accordance with this Agreement or the Delaware Act; or (iv) upon the entry of a decree of judicial dissolution under the Delaware Act.
TERM AND TERMINATION OF THE COMPANY. The term of the Company shall continue until the seventh anniversary of the Final Closing Date, unless such term is extended or unless the Company is sooner dissolved, each as provided in this 7.1, or by operation of law. The term of the Company may be extended for two successive one-year periods by the Board upon written notice to the Members at least 90 days prior to the expiration of the term or the end of the first one-year period, as the case may be. Thereafter, upon the request of the Board and the approval of a majority-in-interest of the Members, the term of the Company may be further extended. The Company shall be dissolved (i) upon the expiration of its term (as such term may be extended pursuant to this Agreement), (ii) at any time upon a decision of the Board, (iii) if there are no Members of the Company, unless the business of the Company is continued in accordance with this Agreement or the Delaware Act, or (iv) upon the entry of a decree of judicial dissolution under the Delaware Act.
TERM AND TERMINATION OF THE COMPANY. The term of the Company shall continue until the dissolution of the Company in accordance with this Section 8.1, or by operation of law. The Company shall be dissolved (i) at any time upon the affirmative vote of a majority of the full Board of Directors, (ii) if there are no Members of the Company, unless the business of the Company is continued in accordance with this Agreement or the Delaware Act, or (iii) upon the entry of a decree of judicial dissolution under the Delaware Act.
TERM AND TERMINATION OF THE COMPANY. 7 6.1 Term of the Company.......................................7
TERM AND TERMINATION OF THE COMPANY. 22 12.1 Term of the Company 22 12.2 Events of Termination 22 12.3 Shareholders’ Meeting to Discuss Termination and Dissolution 23 12.4 Dissolution due to Termination 23
TERM AND TERMINATION OF THE COMPANY. 8 ARTICLE V CAPITAL; MEMBERSHIP INTEREST UNITS..........................8
TERM AND TERMINATION OF THE COMPANY. The Company is formed for a perpetual existence, and shall continue until it is dissolved and terminated as provided in Article X below and Sections 18-801 through 18-804 of the Delaware LLC Act.
TERM AND TERMINATION OF THE COMPANY. The term of the Company shall continue until the fourth anniversary of the expiration of the Investment Period, subject to extension for up to an additional one-year period pursuant to the Investment Adviser’s recommendation with the approval of the Board of Directors and the approval of the Members, unless the Company is sooner dissolved, each as provided in this Section 7.1, or by operation of law. The Company shall be dissolved (i) upon the expiration of its term (as such term may be extended pursuant to this Agreement), (ii) at any time upon (a) the affirmative vote of a majority of the full Board of Directors and (b) the affirmative vote of a majority-in-interest of the then-outstanding Units of the Company, voting together as a single class, (iii) if there are no Members of the Company, unless the business of the Company is continued in accordance with this Agreement or the Delaware Act, or (iv) upon the entry of a decree of judicial dissolution under the Delaware Act.
TERM AND TERMINATION OF THE COMPANY. The term of the Company is perpetual. The Board may elect to dissolve and wind up the Company earlier in accordance with the Delaware Act.
TERM AND TERMINATION OF THE COMPANY. The term of the Company shall continue until the dissolution of the Company in accordance with this Section 8.1, or by operation of law. The Company shall be dissolved (i) at any time upon the affirmative vote of a majority of the full Board of Managers, (ii) if there are no Members of the Company, unless the business of the Company is continued in accordance with this Agreement or the Delaware Act, or (iii) upon the entry of a decree of judicial dissolution under the Delaware Act. Notwithstanding the foregoing, if the Company has not received an aggregate amount of $500 million of Capital Commitments by November 14, 2025 (i.e., within twenty-four (24) months of the Company's Initial Closing Date), then the Board will use commercially reasonable best efforts to wind down or liquidate and dissolve the company in accordance with Article 9 hereof.
