Legal Status of Company. The Company shall maintain the legal status of the Company and shall not permit same to be liquidated, wound down or dissolved until all the Company’s obligations under this Agreement have been fully and finally performed and satisfied. The Directors of the Company will be personally liable, on a joint and several basis, should the Company breach the terms of this provision.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Legal Status of Company. The Company shall maintain the legal status of the Company and shall not permit same to be liquidated, wound down or dissolved until all of the Company’s obligations under this Agreement have been fully and finally performed and satisfied. The Directors of the Company will be personally liable, on a joint and several basis, should the Company breach the terms of this provision.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
