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.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Goldman Sachs Private Markets Fund 2018 LLC), Limited Liability Company Agreement (Goldman Sachs Private Markets Fund 2018 (A) LLC), Limited Liability Company Agreement (Goldman Sachs Private Markets Fund 2018 (B) LLC)
