Distribution of Assets Upon Termination. (a) Upon the dissolution of the Partnership pursuant to Section 11.1, unless the Partnership is continued pursuant to Section 11.1(b), the General Partner (or if there is none or if such dissolution occurred pursuant to Section 11.1(c), a Person approved by Limited Partners holding a majority of the outstanding Partnership Units, voting together as a single class and group, to act as a liquidating trustee of the Partnership (the “Liquidating Trustee”)), shall proceed diligently to wind up the affairs of the Partnership and distribute its assets in accordance with the provisions of Section 11.2(d).
Distribution of Assets Upon Termination. Upon the termination of the Charter and/or dissolution of the Organizer, the funds and assets of the Organizer and the Charter School shall be distributed according to Section 18.06.
Distribution of Assets Upon Termination. (a) Upon the dissolution of the Company pursuant to Section 12.2, above, the President (or if there is no President or the President refuses to serve, a Person approved by the Board as the liquidating trustee of the Company (the "Liquidating Trustee")) shall proceed diligently to wind up the Company's affairs and distribute its assets in accordance with the provisions of Section 12.5(d), below.
Distribution of Assets Upon Termination. Upon termination of this Agreement pursuant to Section 9.02 herein, after payment of all Bonds and other obligations of the Authority, the net assets of the Authority shall be distributed to the parties who are Members at such time in proportion to the sum of:
Distribution of Assets Upon Termination. Upon termination of the District, its assets, including those acquired by gift or donation shall be liquidated and the money remaining after payment of all of its obligations shall be distributed to the Municipalities which are then members of the District. Each Municipality shall receive that percentage of the money, which is equal to its equity in the District determined pursuant to Section 5.02.
Distribution of Assets Upon Termination. Upon termination of this Agreement and after resolution of all debts, liabilities and obligations, all money and other property, both real and personal, of the Agency shall, pursuant to Sections 6511 and 6512 of the Act, be divided among the Members proportional to the contributions made by the respective Members.
Distribution of Assets Upon Termination. Upon termination of this Agreement, any assets acquired by the Puget Sound Auto Theft Task- Force with grant funds shall be distributed by the Board upon a majority vote of all Board members or their designees.
Distribution of Assets Upon Termination. (a) Upon the dissolution of the Company pursuant to Section 9.2, above, the Managing Member (or if there is no Managing Member or the Managing Member refuses to serve, a Person approved by Majority Consent as the liquidating trustee of the Company (the "Liquidating Trustee")) shall proceed diligently to wind up the Company's affairs and distribute its assets in accordance with the provisions of Section 9.5(d), below.
Distribution of Assets Upon Termination. The Trustee shall as promptly as practicable send notice by first class mail of the date (which shall be not more than 10 Business Days after the date such notice is sent) on which it will distribute the proceeds of any such sale, and on such date shall dis- tribute such proceeds and any other cash in the Trust Estate in proportion to the Units owned by each such Unit Holder upon surrender of the Certificate evidencing such Units, after paying, satisfying and discharging all of the existing liabilities of the Trust including fees of the Trustee, or, if necessary, setting up reserves in such amounts as the Trustee in its discretion deems appropriate to provide for payment of contingent liabilities. Any such reserve shall be established in accordance with the procedures specified in Section 6.07 hereof. From and after the date of distribution set forth in such notice to Unit Holders, any amounts held by the Trustee pending distribution shall be held uninvested in a non-interest bearing account. Upon making final distribution to the Unit Holders, the Trustee shall be under no further liability except as provided in Section 7.01 hereof. For the purposes of liquidating and winding up the affairs of the Trust at its termination, the Trustee shall continue to act as Trustee and may exercise each power until its duties have been fully performed and the Trust Estate has been finally distributed.
Distribution of Assets Upon Termination. (a) If the Plan is terminated in its entirety, the Trustee shall hold and/or dispose of the Trust Fund in accordance with the written instructions of the Employer, under the provisions of the plan documents, subject to the Trustee's right to receive a written or judicial settlement of its account. The Trustee may, however, reserve such amount as it deems advisable to cover its compensation, its expenses in connection with its administration of the Trust Fund and the settlement of its account, and the payment of any unpaid taxes assessed or levied against the Trust Fund.
