ADVERTISEMENT OF DISSOLUTION Sample Clauses

ADVERTISEMENT OF DISSOLUTION. Where the Partnership is dissolved, either as regards all the Partners or as regards some or one only of the Partners, all the Partners or the Continuing Partners, as the case may be, shall forthwith advertise the dissolution in Iris Oifigiul and if applicable, shall notify the register of business names of the change in details of the business name(s) registered by the Partnership.
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ADVERTISEMENT OF DISSOLUTION. If the Outgoing Partner is living, due notice of his retirement from the Partnership shall be given in the London Gazette and as far as may be reasonably practicable by circular letter to all persons, firms and companies with whom the Partnership currently has dealings. For this purpose the Outgoing Partner and the Continuing Partners shall each sign all necessary documents and, if any of them refuses or neglects to sign, any of the others of them may sign on behalf of and in the name of the person who has refused or neglected to sign. Tax election The Outgoing Partner shall, on the written request of the Continuing Partners, sign a notice of election which when given, will determine whether or not the Partnership is treated as discontinued or a new business set up or commenced for the purpose of determining the amount of the profits or gains of the Partnership on which income tax is chargeable. If the Outgoing Partner satisfies the Accountants that, as a result of the notice of election, his liability to income tax has been increased, the Continuing Partners shall pay or reimburse the amount by which the liability has been shown to the satisfaction of the Accountants to have increased. Books of account and other documents The Outgoing Partner shall deliver to the Continuing Partners all books of account, records, letters and other documents in his possession relating to the Partnership business. During the period of 18 months following his retirement, the Outgoing Partner or his duly authorised agent shall be permitted to inspect by appointment the books of account, records, letters and other documents of the Partnership business in so far as they relate to any period ending on or before the Succession Date but he may not remove any of them from the premises of the Partnership. Power to get in assets and further assurance The Outgoing Partner shall sign and execute all such documents and deeds and perform all such acts and things as the Continuing Partners reasonably request for the purpose of enabling them to recover the outstanding assets of the Partnership or for the purpose of transferring to the Continuing Partners any Partnership property which, on the Succession Date, is vested in the Outgoing Partner as one of the Partners or in trust for the Partnership.
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Related to ADVERTISEMENT OF DISSOLUTION

  • Effect of Dissolution Except as otherwise provided in this Agreement, upon the dissolution of the Company, the Sole Member shall take such actions as may be required pursuant to the Act and shall proceed to wind up, liquidate and terminate the business and affairs of the Company. In connection with such winding up, the Sole Member shall have the authority to liquidate and reduce to cash (to the extent necessary or appropriate) the assets of the Company as promptly as is consistent with obtaining fair value therefor, to apply and distribute the proceeds of such liquidation and any remaining assets in accordance with the provisions of Section 8.3, and to do any and all acts and things authorized by, and in accordance with, the Act and other applicable laws for the purpose of winding up and liquidation.

  • Events of Dissolution The Company shall be dissolved upon the happening of any of the following events:

  • NO DISSOLUTION, NO NULLIFICATION To the extent permitted by law, the parties hereby waive their rights pursuant to Articles 6:265 to 6:272 inclusive of the Dutch Civil Code to dissolve (ontbinden), or demand in legal proceedings the dissolution (ontbinding) of, this Agreement. Furthermore, to the extent permitted by law, the parties hereby waive their rights under Article 6:228 of the Dutch Civil Code to nullify (vernietigen), or demand in legal proceedings the nullification (vernietiging) of, this Agreement on the ground of error (dwaling).

  • Dissolution The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following:

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • DISTRIBUTIONS AFTER DISSOLUTION Upon dissolution, the Company must pay its debts before distributing cash, assets, or capital to the Members or the Members’ interests. The Members agree that any distributions occurring after the dissolution of the Company will follow the process outlined in this Agreement and Section 00-00-000 of the Act.

  • Withdrawal of Property from Market or Termination of Discussions Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

  • Dissolution of Entity The Contractor shall notify the County immediately of any intention to discontinue existence of the entity or to bring an action of dissolution.

  • Winding Up Upon dissolution of the Company, the Company shall continue solely for the purposes of winding up its business and affairs as soon as reasonably practicable. Promptly after the dissolution of the Company, the Manager shall immediately commence to wind up the affairs of the Company in accordance with the provisions of this Agreement and the Act. In winding up the business and affairs of the Company, the Manager may, to the fullest extent permitted by law, take any and all actions that it determines in its sole discretion to be in the best interests of the Members, including, but not limited to, any actions relating to (i) causing written notice by registered or certified mail of the Company’s intention to dissolve to be mailed to each known creditor of and claimant against the Company, (ii) the payment, settlement or compromise of existing claims against the Company, (iii) the making of reasonable provisions for payment of contingent claims against the Company and (iv) the sale or disposition of the properties and assets of the Company. It is expressly understood and agreed that a reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the satisfaction of claims against the Company so as to enable the Manager to minimize the losses that may result from a liquidation.

  • CERTAIN TERMINATIONS PROHIBITED; CERTAIN CANCELLATIONS NON-APPEALABLE The following circumstances will not be considered a valid basis for termination of this agreement, and will be considered non- appealable or irrelevant to an appeal of a cancellation fee assessment:

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