GAIN OR LOSS DURING DISSOLUTION Sample Clauses

GAIN OR LOSS DURING DISSOLUTION. Any gain or loss arising out of the disposition of assets of the Venture during the course of dissolution shall be borne by the Partners in the same proportions as such gain or loss was shared by the Partners hereunder immediately prior to the dissolution. “All contracts and agreements are suggested boiler plates. They should not be determined to be legal and binding without consulting an attorney for an Opinion.”
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GAIN OR LOSS DURING DISSOLUTION. Any gain or loss arising out of the disposition of the assets of the Venture during the course of dissolution shall be borne by the Partners in the same proportions as such gain or lass was shared by the Partners hereunder immediately prior to dissolution.
GAIN OR LOSS DURING DISSOLUTION. Any gain or loss arising out of the disposition of assets of the Venture during the course of dissolution shall be shared by the Parties in the same proportions as such gain or loss was shared by the Parties hereunder immediately prior to the dissolution.
GAIN OR LOSS DURING DISSOLUTION. Any gain or loss arising out of the disposition of assets of the Joint Venture during the course of dissolution shall be borne by the Joint Venturers in the sane proportion as such gain or loss was shared by the Joint Venturers pursuant to this Agreement immediately prior to dissolution.

Related to GAIN OR LOSS DURING DISSOLUTION

  • Events Causing Dissolution Subject to Section 9.2, the Company shall be dissolved upon the first of the following events to occur:

  • Dissolution Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

  • Procedure for Winding Up and Dissolution If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) Interests.

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

  • Liquidation or Dissolution In the event the Company is liquidated or dissolved, the assets of the Company shall be distributed to the Members in accordance with the provisions of Section 11.

  • Dissolution Events The Company will be dissolved upon the happening of any of the following events:

  • Liquidation; Dissolution; Bankruptcy Upon any payment or distribution of the assets of the Company to creditors upon a total or partial liquidation or a total or partial dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property:

  • Liquidation and Dissolution If the Company is liquidated, the assets of the Company shall be distributed to the Member or to a Successor or Successors.

  • Events of Dissolution The Company shall be dissolved upon the happening of any of the following events:

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