Liquidation of the Venture. (a) Upon termination of this Agreement pursuant to Section 7.1(a), Third Point shall promptly liquidate the Assets, except that if Third Point is unable to perform this function, a liquidator elected by Participants whose Percentages represent more than fifty percent (50%) of the aggregate Percentages of all Participants shall liquidate the Assets.
Appears in 3 contracts
Samples: Investment Management Agreement (Third Point Reinsurance Ltd.), Investment Management Agreement (Third Point Reinsurance Ltd.), Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.)
Liquidation of the Venture. (ag) Upon termination of this Agreement pursuant to Section 7.1(a), Third Point shall promptly liquidate the Assets, except that if Third Point is unable to perform this function, a liquidator elected by Participants whose Percentages represent more than fifty percent (50%) of the aggregate Percentages of all Participants shall liquidate the Assets.
Appears in 1 contract
Samples: Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.)
