Procedure on Termination. Upon the occurrence of an event described in Section 10.1, the General Partner (or, if none, a Limited Partner appointed by the Limited Partners) shall proceed to liquidate and wind up the business of the Partnership. Upon fifteen (15) days' prior written notice to all of the Partners identifying the assets to be sold, the liquidating Partner(s) may, in lieu of selling the Partnership assets, convey undivided interests in the assets to the Partners or distribute the assets in kind to the Partners. The Partnership assets and the proceeds of any liquidation sale shall be applied and distributed at the closing of any sale in the following order of priority:
Procedure on Termination. Upon expiration or termination of this Agreement for any reason:
Procedure on Termination. On the termination of this Agreement, Akerman LLP shall account to and deliver to the HMOCAP all materials, supplies, equipment, contracts, documents and other items related to the Services and furnish all information and take all further action that the HMOCAP may reasonably request to effectuate an orderly and systematic termination of Akerman LLP’s responsibilities hereunder.
Procedure on Termination. Upon termination the Licensee shall:
Procedure on Termination. Upon delivery by certified mail to the Lessee of a Notice of Termination specifying the nature of the termination, the extent to which performance of work under the Lease is terminated, and the date upon which such termination becomes effective, the Lessee shall:
Procedure on Termination. In the event of the termination of this Agreement and Declaration of Trust, the Directors shall apply the Plan to pay or to provide for the payment of any and all obligations of the Plan and shall distribute and apply any remaining surplus in such manner as will in their opinion best effectuate the purpose of the Plan; provided, however, that no part of the corpus or income of said Plan shall be used for or diverted to purposes other than for the exclusive benefit of the Employees, their families, beneficiaries, or dependents, or the administrative expenses of the Plan or for other payments in accordance with the provisions of the Plan. Under no circumstances shall any portion of the corpus or income of the Plan, directly or indirectly, revert or accrue to the benefit of any contributing Employer, or to the benefit of any Union. No use thereof for the benefit of the Employees, their families, beneficiaries, or dependents shall be made except by way of health and welfare benefits and excluding always any direct distribution of cash or property.
Procedure on Termination. Upon termination of this Agreement for any cause the Broker shall:-
Procedure on Termination. In the event of the termination of the Trust, the Trustees shall apply the Trust to pay or to provide for the payment of any and all obligations of the ProComp System and shall distribute and allocate all assets of the Trust in accordance with the then provisions of the ProComp Agreement and in accordance with the provisions of this Agreement.
Procedure on Termination. In the event of the termination of this Agreement and Declaration of Trust, the Trustees shall:
Procedure on Termination. In the event of the termination of this Agreement and Declaration of Trust, the Trustees shall apply the Fund to pay or to provide for the payment of any and all obligations of the Fund and shall distribute and apply any remaining surplus in such manner as will in their opinion best effectuate the purpose of the Fund; provided, however, that no part of the corpus or income of said Fund shall be used for or diverted to purposes other than for the exclusive benefit of the Employees, their families, beneficiaries, or dependents, or the administrative expenses of the Fund or for other payments in accordance with the provisions of the Fund. Under no circumstances shall any portion of the corpus or income of the Fund, directly or indirectly, revert or accrue to the benefit of any contributing Employer or Local Union.
