DISSOLUTION OF THE CONSORTIUM Sample Clauses

DISSOLUTION OF THE CONSORTIUM a. The Consortium may require dissolution in the following circumstances:
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DISSOLUTION OF THE CONSORTIUM. The Consortium may be dissolved by the affirmative vote of a majority of the Participating Districts. Upon the decision to dissolve the Consortium pursuant to this Article III:
DISSOLUTION OF THE CONSORTIUM. 14.1 This Agreement may be ended at any time subject to satisfying the requirements of and contractual obligations due to the Funding Bodies and with the mutual consent of all Consortium Members.
DISSOLUTION OF THE CONSORTIUM. The Consortium may be dissolved by decision of the Steering Committee by a two thirds majority of the votes cast. A respective resolution shall be taken if the purpose as defined under Article 2 has been fulfilled to its full extent.
DISSOLUTION OF THE CONSORTIUM. A. In the event of the dissolution of the Consortium, those revenues existing or receivable, real or other properties, fixed or other tangible assets and materials owned by or in the possession of the Consortium as of the date of the Consortium ceases to exist, shall be distributed and/or paid to those towns who were member towns one day prior to the date of such dissolution, upon a schedule of apportionment of distribution and/or payment to be fixed upon the relative respective contributions of operating and capital costs by the member towns to the Consortium while a member town of the Consortium. The final reconciliation shall be confirmed by an audit. Nothing in this section shall be construed to substantially impair the rights and obligations of the Consortium, or its member towns to pay all outstanding indebtedness of the Consortium as set forth in Section XIV of this Agreement.
DISSOLUTION OF THE CONSORTIUM i. This MoU shall come into force on the date of its signing by the designated officers / representatives of the founding Regular Members, and will be in effect till the occurrence of the earliest of the following events:

Related to DISSOLUTION OF THE CONSORTIUM

  • 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 and Liquidation (Check One)

  • 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.

  • 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, or demand in legal proceedings the nullification of, this Agreement on the ground of error (dwaling).

  • Liquidation and Termination On dissolution of the Company, the Majority Members may appoint one or more Members as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators are as follows:

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

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