Dissolution Termination and Liquidation Sample Clauses

Dissolution Termination and Liquidation. 23 ARTICLE IX AMENDMENT OF AGREEMENT 24
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Dissolution Termination and Liquidation. 20 Section 9.1 Events Causing Dissolution ........................20 Section 9.2 Termination .......................................20 Section 9.3 Liquidation .......................................21 Section 9.4 Filing ............................................21 Section 9.5 Distributions in Kind .............................21 Section 9.6
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Dissolution Termination and Liquidation. Section 9.1 Events Causing Dissolution. The Company shall be dissolved upon the happening of any Dissolution Event.
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Dissolution Termination and Liquidation. 01Dissolution and Termination.
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Dissolution Termination and Liquidation. Section 10.1. Events Causing Dissolution of the Company. The first to occur of the following events shall cause a dissolution of the Company: (a) the unanimous consent of the Members to the dissolution of the Company; (b) the sale or exchange of all or substantially all of the Company Property; or (c) the failure of the Company to obtain within six (6) months after the date of this Agreement a binding commitment from a third-party lender for the Facility loan referred to in Section 3.2, unless a Majority in Interest of the Members shall elect in its or their sole discretion (by a signed instrument in writing) to extend such 6-month period for a specified additional period of time, or to continue the Company notwithstanding the failure to obtain such financing commitment. The Company shall continue in existence notwithstanding, and shall not be dissolved by, the termination of any Member’s membership in the Company, so long as there remains another Member of the Company.
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Dissolution Termination and Liquidation. Dissolution of the Company 31 Section 10.2 Termination of a Series 32
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Dissolution Termination and Liquidation. The Plan shall be dissolved: (1) At the express will of the General Partner, any such dissolution to be effective as of the last day of the calendar month in which occurs such act of dissolution; (2) By any event which makes it unlawful for the business of the Plan to be carried on or for the members to carry it on in limited partnership under the laws of the State of New York; (3) By the bankruptcy of the General Partner or of the Plan; (4) By decree of court for cause shown whenever (i) The General Partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business; or (ii) Other circumstances render a dissolution equitable.
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Dissolution Termination and Liquidation. OF 14.01
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Dissolution Termination and Liquidation 
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Related to Dissolution Termination and Liquidation

  • Termination and Liquidation Section 9.01.

  • Dissolution and Liquidation (Check One)

  • Dissolution Liquidation and Termination 26 Section 13.1 Dissolution............................................ 26 Section 13.2

  • Dissolution Liquidation and Termination of the Company Section 8.1 Events Causing Dissolution. -------------------------- The Company shall dissolve upon and its affairs shall be wound up after the happening of any of the following events: 8.1.1 the Consent of all of the Members; 8.1.2 the sale or other disposition by the Company of all or substantially all of its assets; or 8.1.3 the entry of a decree of judicial dissolution under Section 18-802 of the Act.

  • DISSOLUTION, LIQUIDATION AND MERGER 49 Section 9.1. Dissolution upon Expiration Date......................................................49 Section 9.2.

  • Dissolution Winding Up Termination 27 8.1 Dissolution.......................................................................27 8.2

  • Dissolution Winding Up and Termination Upon the occurrence of a liquidating Event, the General Partner shall have the full power and authority to proceed with the liquidation of the Partnership and to take all steps which they may deem necessary or desirable to wind up the Partnership's affairs, having for such purpose all the powers referred to and provided for in Article VI appropriate to accomplish the same and allowing for a reasonable time in order to minimize losses attendant to the liquidation, so that the Partnership may be terminated in accordance with the Act. In the event that there is no General Partner, the Limited Partner may designate one or more Partners or a non-Partner or both to proceed with the liquidation of the Partnership's assets and the termination of the Partnership. In the event that a liquidator is designated pursuant to the preceding sentence, hereinafter in this Article all references to the General Partner shall be deemed to refer to such liquidator.

  • Dissolution, etc Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except in connection with a merger or consolidation permitted pursuant to Section 10.8.

  • 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; Liquidation (a) The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (i) the written consent of the Member or (ii) any other event or circumstance giving rise to the dissolution of the Company under Section 18-801 of the Act, unless the Company’s existence is continued pursuant to the Act. (b) Upon dissolution of the Company, the Company shall immediately commence to wind up its affairs and the Member shall promptly liquidate the business of the Company. During the period of the winding up of the affairs of the Company, the rights and obligations of the Member under this Agreement shall continue. (c) In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied as follows: (i) first, to creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the Company (whether by payment or the making of reasonable provision for payment thereof); and (ii) thereafter, to the Member. (d) Upon the completion of the winding up of the Company, the Member shall file a Certificate of Cancellation in accordance with the Act.

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