Common use of Termination by Judicial Authority, Etc Clause in Contracts

Termination by Judicial Authority, Etc. If the LLC is dissolved by decree of a duly authorized court or administrative agency or by an arbitrator, the Agreement shall terminate on the date of termination of the LLC’s existence as determined by that court, agency or arbitrator; or

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Termination by Judicial Authority, Etc. If The Agreement shall terminate if the LLC is dissolved by decree of a duly authorized court or administrative agency other governmental authority or by an arbitrator, the Agreement shall terminate on the . The date of a termination of the LLC’s existence Agreement under this Section 25(a)(3) shall be as determined by that court, agency or arbitrator; orthe authority in question.

Appears in 1 contract

Samples: Operating Agreement

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Termination by Judicial Authority, Etc. If The Agreement shall terminate if the LLC is dissolved by decree of a duly authorized court or administrative agency other governmental authority or by an arbitrator, the Agreement shall terminate on the . The date of a termination of the LLC’s existence Agreement under this Section 21.01(c) shall be as determined by that court, agency or arbitrator; orthe authority in question.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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