Termination of Company Sample Clauses
Termination of Company. Upon the completion of the liquidation of the Company and the distribution of all Company assets, the Company's affairs shall terminate and the Liquidator shall cause to be executed and filed an appropriate certificate, if required, to such effect in the proper governmental office or offices, as well as any and all other documents required to effectuate the termination of the Company.
Termination of Company. The Company shall terminate when all assets of the Company, after payment of or due provision for all Liabilities of the Company, shall have been distributed to the Members in the manner provided for in this Agreement, and the Certificate of Formation shall have been canceled in the manner provided by the Delaware Act.
Termination of Company. 8 5.4 Continuation of Company.................................................... 8
Termination of Company. The Company shall be dissolved, shall terminate and its assets shall be disposed of, and its affairs wound up upon the earliest to occur of the following:
10.1.1 Upon the happening of any event of dissolution specified in the Certificate of Formation;
10.1.2 A determination by the Member to terminate the Company; or
10.1.3 The expiration of the term of the Company.
Termination of Company. Events of Default.
Termination of Company. Except as otherwise provided in this Agreement, the Company shall terminate when all of the Company’s assets shall have been converted into cash and the net proceeds therefrom, as well as any other liquid assets of the Company, after payment of or due provision for the payment of all debts, liabilities, and obligations of the Company, shall have been distributed to the Partners as provided for in Section 11.05, and all instruments recorded or filed in the manner required by the Act.
Termination of Company. The Company shall terminate, be dissolved, and its assets shall be disposed of, and its affairs wound up upon the earliest to occur of the following:
12.1.1 Upon the happening of any event of dissolution specified in the Certificate of Formation;
12.1.2 A determination by the Manager, with a Majority Vote of the Preferred Members, to terminate the Company;
12.1.3 The sale of the Property or the receipt of the final payment on any seller financing provided by the Company on the sale of the Property, if later, unless the Company holds securities of another company which cannot be distributed, in which case the Company will be dissolved as soon as possible upon such distribution;
12.1.4 The occurrence of a Dissolution Event unless the business of the Company is continued by the consent of the remaining Preferred Members within 90 days following the occurrence of the event and there are at least two remaining Preferred Members; or
12.1.5 December 31, 2056.
Termination of Company. Upon completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminated.
Termination of Company. No Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Articles 9 and 10 hereof, any Member may Transfer its Units in the Company to an Assignee and an Assignee may become a Member in place of the Member which assigned its Units. If any Member ceases to be a Member for any reason, the business of the Company shall be continued by the remaining Members.
Termination of Company. Upon the application and distribution of the proceeds of liquidation and the assets of the Company as provided in Section 11.3 hereof, the Company shall file its certificate of cancellation of the Certificate in accordance with the Act, whereupon the Company shall terminate. Upon cancellation of the Certificate in accordance with the Act, this Agreement shall terminate (other than the rights and obligations under Sections 3.2(b), 3.2(c), 8.1, 8.4(e), 9.2, 12.1, 12.3, 12.10 and 12.12 to 12.22).