Consequences of Dissolution Sample Clauses

Consequences of Dissolution. 35 10.1 Disassociation Event........................................................35 10.1.1
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Consequences of Dissolution. Upon the occurrence of any of the events of dissolution set out in Section 15.1 if both Members so agree within five (5) days of a request in writing by either Member to the other the provisions of Section 15.3 shall apply and in all other cases the provisions of Sections 15.4 and 15.5 shall apply.
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Consequences of Dissolution. Upon the dissolution of either CI Partnership, the rights of such CI Partnership set forth in this Section 2.1 to nominate or designate Directors and members of the committees of the Board and to direct the voting of the other Pre-IPO Stockholders shall be exercisable by the CI General Partner.
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Consequences of Dissolution. Upon the dissolution of either CI Partnership, the information rights of such CI Partnership set forth in this Section 3.1 shall be exercised by the CI General Partner.
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Consequences of Dissolution. Upon dissolution of the Company pursuant to Section 9.1, the Company shall be liquidated in accordance with Section 9.5, unless otherwise mutually agreed by the Members.
Sample 1
Consequences of Dissolution. Upon the dissolution of the Company, the Company shall wind up its affairs and, except in the case of a termination resulting by reason of the acquisition by one Member of the interests of the other Members, the Company shall then be liquidated as provided in Article 19.
Sample 1

Related to Consequences of Dissolution

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

  • Articles of Dissolution Upon the dissolution and commencement of the winding up of the Company, the Member shall cause Articles of Dissolution to be executed on behalf of the Company and filed with the Secretary of State, and the Member shall execute, acknowledge and file any and all other instruments necessary or appropriate to reflect the dissolution of the Company.

  • 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.

  • Notice of Dissolution In the event a Liquidating Event occurs or an event occurs that would, but for the provisions of an election or objection by one or more Partners pursuant to Section 13.1, result in a dissolution of the Partnership, the General Partner shall, within thirty (30) days thereafter, provide written notice thereof to each of the Partners.

  • Consequences of Default Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

  • Procedure for Winding Up and Dissolution If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) Interests.

  • Termination and Dissolution of the contract

  • Consequences of Events of Default (i) If an Event of Default has occurred and is continuing, the interest rate on this Note shall increase immediately by an increment of an additional two hundred basis points, to the extent permitted by applicable law. Any increase of the interest rate resulting from the operation of this subparagraph shall terminate as of the close of business on the date on which no Events of Default exist (subject to subsequent increases pursuant to this subparagraph).

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