Dissolution of Joint Venture. The Joint Venture may be dissolved before the expiration of the Joint Venture in the following events:
(a) Where either of the Parties becomes unable to pay debts or bankrupt, or subject of lawsuits for liquidation and dissolution.
(b) Where one party (the "Breaching Party") has seriously breached the Contract and has not made any remedies within 15 days (or the longer period agreed by the other Party in its written notice) after receiving notice from the other Party (the "Non-Breaching Party"), the Non-Breaching Party is entitled to give notice to terminate this Contract and dissolute the Joint Venture after the Non-Breaching Party make claims for damage against the Breaching Party.
Dissolution of Joint Venture. Seller shall properly and lawfully dissolve the joint venture entity Logic Tools, LLC, a Delaware limited liability Company, prior to the Closing. Seller shall provide documentary evidence of such dissolution and the disposition of any assets of such joint venture to Purchaser in a form satisfactory to Purchaser and its counsel. All Intellectual Property of Logic Tools, LLC shall be transferred to Seller free of any Encumbrances.
Dissolution of Joint Venture. Upon dissolution of the Joint Venture, except as otherwise provided herein, the operation of the Joint Venture's business shall be confined to those activities necessary to wind up the Joint Venture's affairs, discharge its obligations, and preserve and distribute its assets. Any gains or losses of the Joint Venture arising out of the liquidation of the Joint Venture's assets shall be allocated, and the cash and other property of the Joint Venture remaining after satisfaction of Joint Venture obligations shall be distributed, to the Joint Venturers in accordance with the provisions of Article (8) above. Promptly on dissolution, a Notice of Dissolution of Joint Venture shall be published pursuant to Section 15035.5 of the California Corporations Code or any equivalent successor statute then applicable.
Dissolution of Joint Venture a. Upon maturity and repayment of the zero coupon bonds issued in connection with the 144A Offering. the Venture shall promptly undertake to wind up its affairs by satisfying all remaining liabilities and obligations; and thereafter, disbursing and remaining assets to the Co-Venturer. Co-Venturer shall thereafter dissolve the Venture.
b. In the event that Co-Venturer determines that, based on its assessment of the facts and circumstances that it is highly unlikely that the $300 million targeted amount of funds can be successfully raised from the Offering, then the Venture shall be promptly dissolved in accordance with the Section 1 I a.
Dissolution of Joint Venture. Dissolution of the JV will be caused by one of three events: 1) both parties agree to dissolve the JV, in this situation the partnership will sell all its policy assets, distribute all proceeds to members and the JV will end; 2) Maxlife and CGP come to terms for a merger, acquisition, or purchase that would render the JX xxxx, such that the JV would be owned by the surviving entity, with the proceeds going to the surviving company; and/or, 3) one party agrees to buyout the other party's interest in the JV on terms acceptable to both parties.
Dissolution of Joint Venture. The Joint Venture among Blonder Tongue, on the one hand, and TB and DB, on the other hand, is hereby dissolved.
Dissolution of Joint Venture. This Agreement shall terminate upon the dissolution of the Joint Venture.
Dissolution of Joint Venture. 33 Filing and Delivery of UCC-3 Termination Statements by Parent. . . . .
Dissolution of Joint Venture. 47 8.23 Filing and Delivery of UCC-3 Termination Statements by Parent and Stockholders. . . . . . . . . . . . . . . . . . . . . . . . 47 8.24
Dissolution of Joint Venture