Dissolution and Termination of Borrowers Sample Clauses

Dissolution and Termination of Borrowers. (a) Notwithstanding the provisions of this Agreement (including Sections 9.1, 9.2 and 9.10), any Borrower (other than the Company) that (i) no longer has assets or (ii) has assets that will be distributed entirely and solely to the Company or a Subsidiary pursuant to Section 10.4(b) (the “Dissolving Borrower”), may discontinue operations and dissolve or liquidate so long as each of the following requirements are satisfied:
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Related to Dissolution and Termination of Borrowers

  • Dissolution and Termination (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon:

  • Dissolution and Termination of Trust (a) The Trust shall dissolve upon the earliest of:

  • Liquidation and Termination On dissolution of the Company, the Majority Members may appoint one or more Members as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators are as follows:

  • Resignation and Termination An Authenticating Agent may resign by notifying the Indenture Trustee and the Owner Trustee. The Indenture Trustee may terminate the agency of an Authenticating Agent by notifying the Authenticating Agent and the Owner Trustee.

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