Common use of Dissolution, Liquidation, Reorganization, etc Clause in Contracts

Dissolution, Liquidation, Reorganization, etc. Upon any payment or ---------------------------------------------- distribution of the assets of the Company (or any of its subsidiaries) of any kind or character, whether in cash, property or securities, to creditors upon any dissolution, winding-up, total or partial liquidation, reorganization, composition, arrangement, adjustment or readjustment of the Company (or any of its subsidiaries) or its (or their) securities, whether voluntary or involuntary, or in bankruptcy, insolvency, reorganization, liquidation or receivership proceedings, or upon a general assignment for the benefit of creditors, or any other marshaling of the assets and liabilities of the Company (or any of its subsidiaries), or otherwise (hereinafter a "Liquidation Payment"), then and in any such event:

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Navisite Inc), Subordination Agreement (Navisite Inc)

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Dissolution, Liquidation, Reorganization, etc. Upon any payment or ---------------------------------------------- distribution of the assets of the Company Obligor (or any of its subsidiariesSubsidiaries) of any kind or character, whether in cash, property or securities, to creditors upon any dissolution, winding-up, total or partial liquidation, reorganization, composition, arrangement, adjustment or readjustment of the Company Obligor (or any of its subsidiariesSubsidiaries) or its (or their) securities, whether voluntary or involuntary, or in bankruptcy, insolvency, reorganization, liquidation or receivership proceedings, or upon a general assignment for the benefit of creditors, or any other marshaling marshalling of the assets and liabilities of the Company Obligor (or any of its subsidiariesSubsidiaries), or otherwise (hereinafter a "Liquidation Payment"), then and in any such event:

Appears in 1 contract

Samples: Tridex Corp

Dissolution, Liquidation, Reorganization, etc. Upon any payment or ---------------------------------------------- distribution of the assets of the Company (or any of its subsidiariesSubsidiaries) of any kind or character, whether in cash, property or securities, to creditors upon any dissolution, winding-up, total or partial liquidation, reorganization, composition, arrangement, adjustment or readjustment of the such Company (or any of its subsidiariesSubsidiaries) or its (or their) securities, whether voluntary or involuntary, or in bankruptcy, insolvency, reorganization, liquidation or receivership proceedings, or upon a general assignment for the benefit of creditors, or any other marshaling of the assets and liabilities of the such Company (or any of its subsidiariesSubsidiaries), or otherwise (hereinafter a "Liquidation Payment"), then and in any such event:

Appears in 1 contract

Samples: Subordination Agreement (Obsidian Enterprises Inc)

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Dissolution, Liquidation, Reorganization, etc. Upon any payment or ---------------------------------------------- --------------------------------------------- distribution of the assets of any of the Company Note Issuers (or any of its subsidiariesSubsidiaries) of any kind or character, whether in cash, property or securities, to creditors upon any dissolution, winding-up, total or partial liquidation, reorganization, composition, arrangement, adjustment or readjustment of any of the Company Note Issuers (or any of its subsidiariesSubsidiaries) or its (or their) securities, whether voluntary or involuntary, or in bankruptcy, insolvency, reorganization, liquidation or receivership proceedings, or upon a general assignment for the benefit of creditors, or any other marshaling marshalling of the assets and liabilities of any of the Company Note Issuers (or any of its subsidiariesSubsidiaries), or otherwise (hereinafter a "Liquidation Payment"), then and in any such event:

Appears in 1 contract

Samples: Securities Purchase Agreement (Averstar Inc)

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