Continuation of the Fund Sample Clauses

Continuation of the Fund. Upon the occurrence of any event of dissolution described in Sections 14.1 (a) through (e), inclusive, the Fund shall be dissolved and wound up unless (i) the Manager and a majority of the Shareholders within 90 days after the occurrence of any such event of dissolution elect to continue the Fund or, (ii) if there are no remaining Manager within 90 days after the occurrence of any such event of dissolution, then, by an affirmative vote of a majority of the Shareholders, the Fund shall be continued on the terms and conditions herein contained and such Shareholders shall designate one or more persons willing to be substituted as a Manager. In the event there is no remaining Manager and the Shareholders have elected to continue the Fund, as set forth herein, it shall be continued with the new Manager or Manager who shall succeed to and assume all of the powers, privileges and obligations of the previous Manager hereunder except as specified in Section 12.9. In the event of dissolution under this Section 14.2, the former Manager shall have the rights specified in Section 12.9.
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Continuation of the Fund. In the event of the withdrawal, Bankruptcy or Incapacity of the Managing Member, the Fund shall be dissolved, unless the Nonmanaging Members, excluding such Nonmanaging Members who are Affiliates of the Managing Member, shall, within ninety (90) days after the occurrence of such withdrawal, Bankruptcy or Incapacity, unanimously Consent to continue the Fund and unanimously Consent to the election of a new Managing Member. Such election shall be deemed to have occurred immediately prior to the occurrence of an event described in the first sentence of this Section 7.3.
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Continuation of the Fund. It is the intention of the parties that upon the bankruptcy, retirement or dissolution of the General Partner, the business of the Fund shall be continued without interruption unless the Unitholders resolve by Special Resolution to dissolve the Fund pursuant to Section 13.1.
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Continuation of the Fund. (1) The Engineering Industries' Pension Fund (hereinafter referred to as the "Fund), originally established on 28 August 1957 in terms of Government Notice R. 1087 of 19 July 1957 as the Metal Industries Group Life and Provident Fund, is hereby continued. (2) The Fund shall consist of- (a) all monies and assets standing to the credit of the fund as at the date of coming into operation of this Agreement; (b) all contributions paid by employers and members in accordance with section 5 of this Agreement; (c) all investment income derived from the investment of any monies of the Fund; and (d) any other monies to which the Fund may become entitled.
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Continuation of the Fund. The Fund shall continue as a Delaware limited partnership pursuant to the Delaware Act and in accordance with this Agreement, and this Agreement shall have effect from and after the date first above written. The Sponsor shall, upon withdrawal from the Fund pursuant to Section 2.3, have no further rights or obligations under this Agreement.
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Continuation of the Fund. (1) The Metal Industries' Provident Fund (hereinafter referred to as the "Fund'), established in terms of Government Notice No. R. 624 of 19 April 1991, is hereby continued. (2) The Fund shall consist of- (a) all monies and assets standing to the credit of the fund as at the date of coming into operation of the Agreement; (b) all contributions paid by employers and members in accordance with clause 6 of this Agreement; (c) all investment income derived from the investment of any monies of the fund; and (d) any other monies to which the fund may become entitled.
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Related to Continuation of the Fund

  • Continuation of the Company The Company shall not be dissolved upon the occurrence of any event that is deemed to terminate the continued membership of a Member, but rather the Company shall continue without dissolution, and its affairs shall not be required to be wound up.

  • Continuation of Services The Contractor shall work with the current Subcontractor prior to cancellation date to ensure all consumer needs are identified and appropriate placements and transportation needs, as applicable, have been arranged. The Subcontractor shall maintain communication with the Contractor on the process of transferring consumers until all consumers are placed.

  • CONTINUATION OF COMPANY In the event of an occurrence described in Section 1.04, if there is at least (1) one remaining Member, the remaining Member has the right to continue the business of the Company. The remaining Member’s successor, assignee, or transferee may continue the business of the Company, provided the successor, assignee, or transferee consents to the continuation in writing and submits any necessary filings to the office of the Secretary of State.

  • Continuation of Service If the Recipient is an air carrier, until March 1, 2022, the Recipient shall comply with any applicable requirement issued by the Secretary of Transportation under section 4114(b) of the CARES Act to maintain scheduled air transportation service to any point served by the Recipient before March 1, 2020.

  • Continuation of Elections Effective as of the Distribution Date, SpinCo (acting directly or through one or more members of the SpinCo Group) shall cause the SpinCo Savings Plan to recognize and maintain all existing elections, including, but not limited to, deferral, investment, and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Plan Participants under the RemainCo Savings Plan, to the extent such election or designation is available under the SpinCo Savings Plan.

  • Continuation of Trust The exclusive purposes and functions of the Issuer Trust are (a) to issue and sell Trust Securities and to use the proceeds from such sale to acquire the Debentures, and (b) to engage in only those activities necessary or incidental thereto. The Depositor hereby appoints the Issuer Trustees as trustees of the Issuer Trust, to have all the rights, powers and duties to the extent set forth herein, and the Issuer Trustees hereby accept such appointment. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for the benefit of the Issuer Trust and the Holders. The Administrative Trustees shall have only those ministerial duties set forth herein with respect to accomplishing the purposes of the Issuer Trust and, to the fullest extent permitted by law, shall not be fiduciaries with respect to the Issuer Trust or the Holders. The Property Trustee shall have the power to perform those duties assigned to the Administrative Trustees. The Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities, of the Property Trustee or the Administrative Trustees set forth herein. The Delaware Trustee shall be one of the Issuer Trustees of the Issuer Trust for the sole and limited purpose of fulfilling the requirements of Section 3807 of the Delaware Statutory Trust Act and for taking such actions as are required to be taken by a Delaware Trustee under the Delaware Statutory Trust Act.

  • Continuation of Partnership The Partners hereby continue the Partnership as a limited partnership pursuant to the provisions of the Act and upon the terms and conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Continuation of Business Neither the Transfer of any Partnership Interest pursuant to Article 8 hereof nor the bankruptcy or withdrawal of a Partner shall cause the dissolution or termination of the Partnership or have any effect upon the continuance of the Partnership business. No Partner shall have a right to withdraw from the Partnership or to abandon any Partnership Interest.

  • Continuation This section will survive termination of your Account, voluntary payment of your Account balance, any legal proceeding to collect a debt, any bankruptcy and any sale of your Account (in the case of a sale, its terms will apply to the buyer of your Account). If any portion of this Claims Resolution section, except as otherwise provided in the Limitations on Arbitration subsection, is deemed invalid or unenforceable, it will not invalidate the remaining portions of this Claims Resolution section.

  • Continuation of Coverage If your coverage is terminated, you may be eligible to continue your coverage in accordance with state or federal law. In accordance with R.I. General Laws §. 27-19.1, if your employment is terminated due to one of the following reason, your healthcare coverage may be continued, provided that you continue to pay the applicable premiums. • Involuntary layoff or death; • The workplace ceasing to exist; or • Permanent reduction in size of the workforce. The period of this continuation will be for up to eighteen (18) months from your termination date, but not to exceed the period of continuous employment preceding termination with your employer. The continuation period will end for any person covered under your policy on the date the person becomes employed by another group and is eligible for benefits under that group’s plan.

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