Common use of Waiver of Judicial Dissolution Clause in Contracts

Waiver of Judicial Dissolution. Each Member agrees that irreparable damage would occur if any Member should bring or have brought on its behalf an action for judicial dissolution of the Company. Accordingly, each Member accepts the provisions under this Agreement as such Member’s sole entitlement on dissolution of the Company and waives and renounces all rights to seek or have sought for such Member a court decree of dissolution or to seek the appointment by a court of a liquidator for the Company.

Appears in 8 contracts

Samples: Limited Liability Company Operating Agreement (Riviera Resources, Inc.), Limited Liability Company Agreement (Hamilton Lane INC), Limited Liability Company Agreement (Hamilton Lane INC)

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Waiver of Judicial Dissolution. Each Member agrees that irreparable damage would occur if any Member should bring or have brought on its behalf an action for judicial - 43 - dissolution of the Company. Accordingly, each Member accepts the provisions under this Agreement as such Member’s sole entitlement on dissolution of the Company and waives and renounces all rights to seek or have sought for such Member a court decree of dissolution or to seek the appointment by a court of a liquidator for the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hamilton Lane INC), Limited Liability Company Agreement (Hamilton Lane INC)

Waiver of Judicial Dissolution. Each Member agrees that irreparable damage would occur if any Member should bring or have brought on its behalf an action for judicial - 45 - dissolution of the Company. Accordingly, each Member accepts the provisions under this Agreement as such Member’s sole entitlement on dissolution of the Company and waives and renounces all rights to seek or have sought for such Member a court decree of dissolution or to seek the appointment by a court of a liquidator for the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hamilton Lane INC)

Waiver of Judicial Dissolution. Each The Manager and each Member agrees that irreparable damage would occur if the Manager or any Member should bring or have brought on its behalf an action for judicial dissolution of the Company. Accordingly, the Manager and each Member accepts the provisions under this Agreement as such Member’s 's sole entitlement on dissolution of the Company and waives and renounces all rights to seek or have sought for such Member a court decree of dissolution or to seek the appointment by a court of a liquidator for the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Station Casinos LLC)

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Waiver of Judicial Dissolution. Each The Managing Member and each Member agrees that irreparable damage would occur if the Managing Member or any Member should bring or have brought on its behalf an action for judicial dissolution of the Company. Accordingly, the Managing Member and each Member accepts the provisions under this Agreement as such Member’s sole entitlement on dissolution of the Company and waives and renounces all rights to seek or have sought for such Member a court decree of dissolution or to seek the appointment by a court of a liquidator for the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Applied Blockchain, Inc.)

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