Approval of Liquidation Plan Sample Clauses

Approval of Liquidation Plan. In instances in which liquidation of the Partnership is the result of a dissolution pursuant to Section 10.1(a) or (b) the liquidation plan shall require the approval of the Partners. In instances in which the liquidation of the Partnership is the result of a dissolution pursuant to Section 10.1(c), then the liquidation plan shall be approved by the Non-Withdrawing Partner; provided that such plan conforms to the requirements of Sections 10.5(a) - (d) above; and provided further that the appraised value, as determined by a nationally recognized investment banking or appraisal firm, of the assets other than cash distributed to each Partner shall bear substantially the same proportion to the appraised value of all assets so distributed to the Partners, as such Partner's positive Capital Account balance bears to the aggregate of the positive Capital Account balances of all Partners.
Sample 1
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Approval of Liquidation Plan. The lender’s liquidation plan must be ap- proved by the Agency in writing. The lender and Agency must attempt to re- solve any Agency concerns. If the liq- uidation plan is approved by the Agen- cy, the lender must proceed expedi- tiously with liquidation and must take all legal action necessary to liquidate the loan in accordance with the ap- proved liquidation plan. The lender must update or modify the liquidation plan when conditions warrant, includ- ing a change in value based on a liq- uidation appraisal. If the liquidation plan is not approved by the Agency, the lender must take such actions that a reasonably prudent lender would take without a guarantee and keep the Agency informed in writing. The lender must continue to develop a liquidation plan in accordance with this section.
Sample 1
Approval of Liquidation Plan. The Lender cannot implement its liquida- tion plan before obtaining written ap- proval from the Agency. The Lender and Agency must attempt to resolve any Agency concerns.
Sample 1

Related to Approval of Liquidation Plan

  • Approval of Plan Approval of the Plan by the Commissioner of Internal Revenue as referred to in 17.1 means a continuing approval sufficient to establish that the Plan and related trust(s) are at all times qualified and exempt from income tax under Section 401(a) and other applicable provisions of the Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation and the Securities and Exchange Commission, and their approval means their confirmation with respect to any matter within their regulatory authority that the Plan does not conflict with applicable law.

  • Approval of Plans Landlord will not check Tenant drawings for building code compliance. Approval of the Final Plans by Landlord is not a representation that the drawings are in compliance with the requirements of governing authorities, and it shall be Tenant’s responsibility to meet and comply with all federal, state, and local code requirements. Approval of the Final Plans does not constitute assumption of responsibility by Landlord or its architect for their accuracy, sufficiency or efficiency, and Tenant shall be solely responsible for such matters.

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

  • DISSOLUTION, LIQUIDATION AND MERGER 51 Section 9.1. Dissolution upon Expiration Date......................................................51 Section 9.2.

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Approval of Listing At the Closing Time, the Securities shall have been approved for listing on the New York Stock Exchange, subject only to official notice of issuance.

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