Common use of Effect of Event of Dissolution Clause in Contracts

Effect of Event of Dissolution. Upon the occurrence of any of the events specified in Section 16.1, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until articles of dissolution have been filed with the Secretary of State of the Commonwealth of Kentucky or until a decree dissolving the Company has been entered by a court of competent jurisdiction.

Effect of Event of Dissolution. Upon the occurrence of any the event of the events specified in Section 16.1dissolution, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but its separate existence shall continue until articles its certificate of dissolution have cancellation has been filed with the Delaware Secretary of State of the Commonwealth of Kentucky or until a decree dissolving the Company has been entered by a court of competent jurisdiction.