Termination of the LLC. The separate legal existence of the Company shall terminate when all assets of the Company, after payment of or due provision for all debts, liabilities, and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Article XI, and Articles of Dissolution shall have been filed in the manner required by Section 705 of the LLC Law.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Termination of the LLC. The Subject to Section 2.7, the separate legal existence of the Company shall terminate upon a Reorganization or when all assets of the Company, after payment of or due provision for all debts, liabilities, liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Article XI, IX and Articles a certificate of Dissolution cancellation of the Certificate shall have been filed in the manner required by Section 705 of the LLC LawAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Termination of the LLC. The Subject to Section 2.7, the separate legal existence of the Company shall terminate when all assets of the Company, after payment of or due provision for all debts, liabilities, liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Article XI, X and Articles a Certificate of Dissolution Cancellation of the Certificate shall have been filed in the manner required by Section 705 18-203 of the LLC LawAct.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (EVO Transportation & Energy Services, Inc.)
Termination of the LLC. The Subject to Section 7.7(a)(1) of this Agreement, the separate legal existence of the Company shall terminate when all assets of the Company, after payment of or due provision for all debts, liabilities, and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Article XIXIII, and Articles a Certificate of Dissolution Cancellation of the Certificate shall have been filed in the manner required by Section 705 18-203 of the LLC LawAct.
Appears in 1 contract
Termination of the LLC. The Subject to Section 18.10 of this Agreement, the separate legal existence of the Company shall terminate when all assets of the Company, after payment of or due provision for all debts, liabilities, liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Article XI11, and Articles a Certificate of Dissolution Cancellation shall have been filed in the manner required by Section 705 of the LLC LawAct.
Appears in 1 contract
Samples: Operating Agreement
