Adoption of plan of liquidation. For purposes of satisfying the require- ment of adoption of a plan of liquida- tion under section 332, unless a formal plan of liquidation that contemplates the QSub election is adopted on an ear- lier date, the making of the QSub elec- tion is considered to be the adoption of a plan of liquidation immediately be- fore the deemed liquidation described in paragraph (a)(2)(i) of this section.
Adoption of plan of liquidation. Prior to the Closing Date, the Board of Directors of the Company will adopt a plan of liquidation in accordance with the laws of the state of its incorporation and submit such plan to the Shareholders.
Adoption of plan of liquidation prior to the execution hereof and following the transfers to old Xxxxx represented and warranted in paragraph 1 hereof, Old Xxxxx has adopted a plan of complete liquidation in the form annexed hereto as Exhibit 6.
