Dissolution of Subsidiaries. The Company shall use its best efforts to, within forty-five (45) days of the First Closing Date, cause any Subsidiary which has not executed a counterpart to this Agreement as a Guarantor to be dissolved and shall provide evidence of same to the Buyer, which such evidence shall be satisfactory to Buyer in its sole and absolute discretion, provided, however, in the event any such Subsidiary is not dissolved within forty-five (45) days of the First Closing Date, such Subsidiary shall become an additional party hereto and a guarantor of the Company’s Obligation hereunder, and the Company shall take any and all actions necessary or advisable to cause said Subsidiary to execute a counterpart to this Agreement and any and all other documents which the Buyer shall require.
Dissolution of Subsidiaries. As soon as practicable after the date hereof, the Issuers shall dissolve the following Subsidiaries: (i)
Dissolution of Subsidiaries. Within 360 days after the Closing Date, provide Agent with satisfactory evidence of the dissolution of WNC Receivables LLC, a Delaware limited liability company and WNC Receivables Management Corp., a Delaware corporation.
Dissolution of Subsidiaries. The Company will use commercially reasonable efforts to dissolve or divest the Company's interest in those subsidiaries that the Board of Directors determines is appropriate.
Dissolution of Subsidiaries. On or prior to thirty 30 days following the Closing Date (or such longer period as the Purchaser may agree to in its sole discretion), the Company shall, or shall cause, the dissolution of each Immaterial Subsidiary or cause each such Immaterial Subsidiary to become party to each of the Subsidiary Guaranty, Master Security Agreement and Stock Pledge Agreement through execution of a joinder agreement in form and substance satisfactory to the Purchaser.
Dissolution of Subsidiaries. (i) With respect to the Subsidiaries of the Loan Parties set forth on the "Subsidiary Dissolution Schedule" attached hereto as Schedule 7.1(v), not later than April 30, 2004, the Loan Parties shall have filed such documents to commence the dissolution and winding up of such companies. In addition, the Loan Parties will pursue such dissolution and winding up on a timely basis and will provide Agent with updates on the status thereof upon request.
Dissolution of Subsidiaries. The Borrower shall cause, by no later than October 25, 2014, any Subsidiary which has not executed a counterpart to this Agreement as a Credit Party to be dissolved and shall provide evidence of same to the Lender, which such evidence shall be satisfactory to Lender in its sole and absolute discretion.
Dissolution of Subsidiaries. Upon completion of the sale of certain assets of M Machinery Company Incorporated, a Delaware corporation ("M Machinery"), M Machinery, M Service Corporation, a Delaware corporation, and GA Industries Corporation, a Delaware corporation (collectively, the "Dissolving Subsidiaries"), will be dissolved. As a result thereof, Company has requested that Lenders (a) consent to the dissolution of the Dissolving Subsidiaries and (b) not require that the Dissolving Subsidiaries execute the Guaranty Agreement to be executed in conjunction with this Fifth Amendment. Lenders hereby (a) consent to the dissolution of the Dissolving Subsidiaries and (b) agree that the Dissolving Subsidiaries shall not be required to execute the Guaranty Agreement, provided that (i) the aggregate value of the assets of the Dissolving Subsidiaries shall not exceed $2,000,000 and (ii) contributions to or investments in the Dissolving Subsidiaries after the date of this Fifth Amendment shall not exceed $500,000.
Dissolution of Subsidiaries. Not later than 120 days following the initial issuance of the Notes, the Company shall cause Riviera Gaming Management - Three, Inc., Riviera Splash, Inc. and Riviera Gaming Management - Treasure Bay, Inc. to be dissolved or merged into the Company or any Guarantor.
Dissolution of Subsidiaries. Organovo shall have caused the dissolution of all Organovo Subsidiaries concurrent with or prior to the Closing.
