Assets Distribution. Upon early termination or expiration of this Contract, the Project's assets after the liquidation shall be settled in accordance with the Law of the People's Republic of China on Chinese and Foreign Contractual Joint Ventures: All Project's fixed assets and capital shall be turned to Party A upon the expiration of the Contract; Upon early termination of the Contract, after paying in full of the debts of the Project, the Liquidation Committee shall distribute the remaining assets ( except the ownership and the right of use of the Network) in accordance with the profit distribution ratios stipulated in Chapter 7 hereto as of the liquidation date. After the liquidation, Part A has the pre-emptive right to purchase the remaining equipment. CHAPTER 14
Assets Distribution. Prior to any termination of this Agreement, the Board of Directors shall establish a procedure for realizing the fair market value of assets, which may include offering assets for sale to Parties. The proceeds of assets shall be distributed upon termination to Parties according to procedures established by resolution of the Board of Directors.
Assets Distribution. The JOACC shall meet as necessary to consider a recommended distribution of assets agreement. The JOACC recommendation shall include, at a minimum, the following:
Assets Distribution. Upon termination of this Intergovernmental Agreement, the Administration Board shall establish a procedure for realizing the fair market value of TCOMM911 assets, which may include offering assets for sale to Member Agencies or Non Member Agencies. The proceeds of TCOMM911 assets shall be distributed to Member Agencies according to their share of ownership as determined by the Administration Board.
