Agreement in Event of Dissolution by Act or Event Sample Clauses

Agreement in Event of Dissolution by Act or Event. Relating to ------------ ------------------------------------------------------------- Less Than All Partners. If the act of, or an event relating to, less than all ---------------------- Partners (the "Dissolving Partners"), including, without limitation, the withdrawal of a General Partner, shall for any purpose be considered an event of dissolution of the Partnership, then the remaining Partners shall enter into a new partnership upon the terms and conditions set forth above and upon the same terms and conditions governing the present Partnership, and each party to this Agreement hereby agrees for himself, his executor, administrator, heirs and assigns to enter into such new partnership and to execute any and all instruments necessary therefor. The act or event relating to the Dissolving Partners shall be treated as a notice of withdrawal by the Dissolving Partners of the entire capital account or capital accounts of the Dissolving Partners.
Sample 1
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Related to Agreement in Event of Dissolution by Act or Event

  • Termination Upon or Following a Change of Control (a) A Change of Control of the Company ("Change of Control") shall be deemed to have occurred upon the happening of any of the following events:

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

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

  • Events Causing Dissolution Subject to Section 9.2, the Company shall be dissolved upon the first of the following events to occur:

  • Remedies Upon Event of Default, Fundamental Transaction and Change of Control Transaction If any Event of Default or a Fundamental Transaction or a Change of Control Transaction occurs, the outstanding principal amount of this Note, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall become, at the Holder’s election, immediately due and payable in cash at the Mandatory Default Amount. Commencing on the Maturity Date and also five (5) days after the occurrence of any Event of Default interest on this Note shall accrue at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted under applicable law. Upon the payment in full of the Mandatory Default Amount, the Holder shall promptly surrender this Note to or as directed by Bxxxxxxx. In connection with such acceleration described herein, the Holder need not provide, and Borrower hereby waives, any presentment, demand, protest or other notice of any kind, and the Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may be rescinded and annulled by Hxxxxx at any time prior to payment hereunder and the Holder shall have all rights as a holder of the Note until such time, if any, as the Holder receives full payment pursuant to this Section 7(b). No such rescission or annulment shall affect any subsequent Event of Default or impair any right consequent thereon.

  • Flip-in Event (a) Subject to Subsection 3.1(b) and Section 5.1, if prior to the Expiration Time a Flip-in Event occurs, each Right shall constitute, effective at the close of business on the tenth Trading Day after the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that after such consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 shall have occurred).

  • Dissolution Event An event, the occurrence of which will result in the dissolution of the Company under Article XIV.

  • Actions following an Event of Default On, or at any time after, the occurrence of an Event of Default:

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

  • Reorganization Events In the event of:

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