Dissolution of Subsidiaries Sample Clauses

Dissolution of Subsidiaries. The Company shall use its best efforts to, within forty-five (45) days of the 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 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. 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. 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. As soon as practicable after the date hereof, the Issuers shall dissolve the following Subsidiaries: (i)

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. (ii) Not later than June 30, 2004, the Loan Parties shall have closed on the divestiture of the Middle East operations with a minimum of $2,500,000 in Net Proceeds.

Dissolution of Subsidiaries. On or prior to 60 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.

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. Parent shall take all actions necessary to cause each of Diamond World Funding Corp., Dominion Cellular, Inc. and Diamond Leasing Corp., its wholly owned subsidiaries, to adopt a plan of liquidation under Section 332 of the Code. Prior to adoption, each plan of liquidation shall be submitted to Vianet for review and comment by Vianet and shall be approved by Vianet in its sole discretion prior to adoption. Further, each of Diamond World Funding Corp., Dominion Cellular, Inc. and Diamond Leasing Corp. shall file appropriate documents and take all actions necessary to dissolve each of these corporations in accordance with applicable laws of their respective jurisdictions of organization (collectively, with the plans of liquidation, the "Plan of Dissolution").

Dissolution of Subsidiaries. The Majority Secured Lenders acknowledge that (i) pursuant to Section 8.3(p) of the Participation Agreement, neither Lessee nor any of its Subsidiaries is required to maintain its existence if not otherwise so required by the Lessee Credit Agreement, (ii) Lessee has informed the Agent and the Lenders that it is permitted, without amendment or waiver, to dissolve XxxxxxxxxxxXxxxxxxxxxx.xxx, an Oregon corporation, Xxxx Produce International, Inc., a Florida corporation, and Xxxxx Xxx Export Corporation, a U.S. Virgin Islands entity, with American Foodservice Distributors, a California corporation, as the surviving party holding the assets of the dissolving corporation (such dissolution being the “Transaction”), and (iii) accordingly, the Transaction is permitted under the Participation Agreement.

Dissolution of Subsidiaries. Not later than 120 days following the initial issuance of the Notes, the Company shall cause Riviera Gaming Management--Elsinore, Inc. to be dissolved or merged into the Company or any Guarantor.