Winding Up and Termination of the Company Sample Clauses
Winding Up and Termination of the Company. (a) Upon the occurrence of a Company Dissolution Event, the property and business of each of the Series shall be wound up by Liquidating Trustee in accordance with the provisions of Section 6.02, Section 6.03 and Section 6.04. In the event that there remain any assets or liabilities of the Company as opposed to a Series following such events, then the Liquidating Trustee shall wind up the property and business relating to such assets and liabilities in the same manner as applicable to any Series, with modifications thereto as reasonably determined by the Liquidating Trustee to take into account that such actions do not relate to a particular Series.
(b) When the Liquidating Trustee has completed the winding up described in this Section 6.05, the Liquidating Trustee shall take such actions as required to cause the Termination of the Company.
Winding Up and Termination of the Company. SECTION 18.1
Winding Up and Termination of the Company. The Company shall be wound up upon the happening of any of the following events:
(a) The written consent of the Members to terminate the Company;
(b) The occurrence of any event which, under the TLLCL or any other applicable law, causes the termination of the Company, except as expressly modified herein;
(c) The sale of all or a substantial portion of the Company Property, unless the Managers agree in writing at the time of such sale that the sale will not cause the termination of the Company; or
(d) The bankruptcy, death, termination, winding up, adjudication of incompetence, or withdrawal of the last remaining Member or the transfer or conversion of the entire Interests of the last remaining Member. Except as specifically set forth herein, the Company shall not be terminated by the death, incapacity or other event of withdrawal of a Member.
Winding Up and Termination of the Company