Dissolution and Liquidation of the Company. Upon receipt of approval from the Board of Directors and shareholders of the Company for the Liquidation, the Company shall liquidate and distribute the Purchase Price and Retained Assets no later than 30 days after the Closing Date.
Dissolution and Liquidation of the Company. 8.1. Dissolution Events 8.2. Liquidation
Dissolution and Liquidation of the Company. Section 8.1 Events Causing Dissolution.....................................................................26 Section 8.2 Liquidating Trustee............................................................................26 Section 8.3 Liquidation....................................................................................26 Section 8.4 Termination....................................................................................27
Dissolution and Liquidation of the Company. (1) The company is dissolved: i. if its purpose was achieved or it became unattainable ii. by unanimous decision of the Partners at any time or as otherwise prescribed by law
Dissolution and Liquidation of the Company. 50 Section 6.1. Events Causing Dissolution . . . . . . . . . . . . . . . . . . . . . . . . . .50
Dissolution and Liquidation of the Company. 19.1 The Company shall be dissolved for any of the following reasons:
Dissolution and Liquidation of the Company. 11 11.1. Liquidation Procedures 11
Dissolution and Liquidation of the Company. ARTICLE 77 1. When there are reasons to dissolve the company, the company shall put forward a proposal to the board of shareholders to dissolve the company. The board of shareholders, within fifty days after receiving the proposal, shall decide to terminate the business and dissolve the company, and at the same time shall apply to the original examination and approval authority for the dissolution of the company. Under this situation, the persons concerned from each party shall ask the representatives recommended by each party to agree the dissolution of the company at the meeting of the board of shareholders. The persons concerned from each party shall also undertake the obligations to agree on the dissolution resolution. However if the persons concerned from each party have reached a written agreement on the dissolution mentioned in Paragraph 2 below, the regulations specified in the written agreement shall be observed.
Dissolution and Liquidation of the Company. The Company shall be dissolved and its affairs wound up by written action of the Member, or as otherwise provided under the Act. Upon the winding up of the Company, the Company’s assets shall be distributed to creditors, including, to the extent permitted by law, the Member if it is a creditor, in satisfaction of the Company’s liabilities, and then to the Member. Such distributions shall be in cash, property other than cash, or partly in both, as determined by the Member. Upon the completion 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 Illinois Secretary of State, and the Member shall execute, acknowledge, and file any and all other instruments necessary or appropriate to reflect the Company’s dissolution.
Dissolution and Liquidation of the Company. 40 Section 14.1. Dissolution...................................................................40 Section 14.2. Liquidation...................................................................40 Section 14.3. Appointment of Selling Agent..................................................42 Section 14.4. Reserve.......................................................................43 Section 14.5. Final Accounting..............................................................43
