Common use of Term; Dissolution Clause in Contracts

Term; Dissolution. The Company shall have perpetual existence until dissolved and its affairs wound up upon the first to occur of the following: (a) dissolution in accordance with the Act, (b) written consent of the Member, or (c) the resignation, expulsion, bankruptcy, dissolution, death or insanity of the Member or the occurrence of any other event which terminates the continued membership of the Member in the Company.

Term; Dissolution. The Subject to the occurrence of an event of dissolution, the Company shall have perpetual existence until dissolved existence. The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (ai) dissolution in accordance with the Act, (b) written consent of the Member, Members or (cii) the resignation, expulsion, bankruptcy, dissolution, death or insanity entry of a decree of judicial dissolution under Section 18-802 of the Member or the occurrence of any other event which terminates the continued membership of the Member in the CompanyAct.