Dissolution of Chapter Sample Clauses

Dissolution of Chapter. Should Chapter elect to discontinue operations or dissolve, the assets of Chapter shall be applied by its Board of Directors, or if not by its Board of Directors, by an order of the proper court, to payment of all obligations of Chapter. Any remaining funds shall be distributed to AUVSI or to an organization with purposes as near as possible to those stated in Chapter’s Bylaws.
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Dissolution of Chapter. In the event Chapter is dissolved, either voluntarily or involuntarily, the Agreement shall terminate on the date of such dissolution.
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Dissolution of Chapter. CHAPTER cannot dissolve itself without:  A majority approval from a full membership vote;  A three-month notice to the full membership after such an approval;  Contacting CFMA Headquarters at least 30 days prior to the membership notice. Should CHAPTER elect to discontinue operations or dissolve, CHAPTER Bylaws guide the disbursements of monies and assets to be applied by its Board of Directors. If CHAPTER Bylaws do not include information on dissolution of the CHAPTER, funds and assets are sent to CFMA Headquarters after payment of all obligations of the CHAPTER.
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Dissolution of Chapter. A. FAPT reserves the right to de-certify chapter for any reason by the FAPT Board of Directors vote.
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Dissolution of Chapter. Upon legal dissolution of the Chapter, all assets, including any and all constituent lists and SBA programs, materials and intellectual property shall be surrendered immediately to the SBA, unless otherwise directed by law. Prior to dissolution, the Chapter must pay any outstanding revenue share balance and formally notify its constituents via letter of the decision to dissolve. Copies of said letters shall also be forwarded to the SBA. Entire Agreement This Agreement: (i) constitutes the entire agreement between the parties hereto with respect to the subject matter hereof; (ii) supersedes and replaces all prior agreements, oral and written, between the parties relating to the subject matter hereof; and (iii) may be amended only by a written instrument clearly setting forth the amendment(s) and executed by both parties.
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Dissolution of Chapter. Should CHAPTER elect to discontinue operations or dissolve, the assets of CHAPTER shall be applied by its Board of Directors, or if not by its Board of Directors, by an order of the proper court, to payment of all obligations of CHAPTER. Any remaining funds shall be distributed to CFMA or to an organization with purposes as near as possible to those stated in CHAPTER’s Bylaws.
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Dissolution of Chapter. Upon legal dissolution of the Chapter, all assets, including any and all constituent lists and SBA programs, materials and intellectual property shall be surrendered immediately to the SBA, unless otherwise directed by law. Prior to dissolution, the Chapter must pay any revenue balance collected during the time of affiliation under the “Xxxxx Bifida Association of [Chapter]” name to SBA and formally notify its constituents via letter of the decision to dissolve. Copies of said letters shall also be forwarded to the SBA.
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Related to Dissolution of Chapter

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Dissolution of Entity The Contractor shall notify the County immediately of any intention to discontinue existence of the entity or to bring an action of dissolution.

  • Dissolution and Liquidation (Check One)

  • Dissolution The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following:

  • Dissolution and Winding Up of the Company Dissolution. The Company will be dissolved on the happening of any of the following events: Sale, transfer, or other disposition of all or substantially all of the property of the Company; The agreement of all of the Members; By operation of law; or The death, incompetence, expulsion, or bankruptcy of a Member, or the occurrence of any event that terminates the continued membership of a Member in the Company, unless there are then remaining at least the minimum number of Members required by law and all of the remaining Members, within 120 days after the date of the event, elect to continue the business of the Company.

  • DISTRIBUTIONS AFTER DISSOLUTION Upon dissolution, the Company must pay its debts before distributing cash, assets, or capital to the Members or the Members’ interests. The Members agree that any distributions occurring after the dissolution of the Company will follow the process outlined in this Agreement and Section 00-00-000 of the Act.

  • 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.

  • NO DISSOLUTION, NO NULLIFICATION To the extent permitted by law, the parties hereby waive their rights pursuant to Articles 6:265 to 6:272 inclusive of the Dutch Civil Code to dissolve (ontbinden), or demand in legal proceedings the dissolution (ontbinding) of, this Agreement. Furthermore, to the extent permitted by law, the parties hereby waive their rights under Article 6:228 of the Dutch Civil Code to nullify (vernietigen), or demand in legal proceedings the nullification (vernietiging) of, this Agreement on the ground of error (dwaling).

  • 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 Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

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