Common use of Distribution of Assets Upon Termination Clause in Contracts

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. (a) Upon the dissolution of the Company pursuant to Section 12.29.2, above, the President president (or if there is no President president or the President president refuses to serve, a Person person approved by the Board of Directors 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(d9.5(d), below.

Distribution of Assets Upon Termination. (a) Upon the dissolution of the Company pursuant to Section 12.29.2, above, the President president (or if there is no President president or the President president refuses to serve, a Person person approved by the Board of Directors as the liquidating trustee of the Company Com­pany (the "“Liquidating Trustee"”)) shall proceed diligently to wind up the Company's ’s affairs and distribute its assets in accordance with the provisions of Section 12.5(d9.5(d), below.