Termination and Dissolution Right Sample Clauses

Termination and Dissolution Right. Where a Breach has occurred and such Breach has not been remedied by the end of the 60-day period referred to in Article 20.1, the Performing Party may request that a Board meeting be convened to discuss the early termination of the CJV. The Chairman of the Board shall convene such meeting within thirty (30) days of the receipt of a Party’s request for the meeting. The directors appointed by the other Party shall be obliged to attend such meeting. At such meeting the Board shall adopt a unanimous resolution authorizing termination of this Contract upon liquidation and dissolution of the CJV and such resolution along with a request to terminate this Contract and dissolve the CJV shall be forwarded to the Approval Authority or such other regulatory or governmental body, as may have jurisdiction.
Sample 1
AutoNDA by SimpleDocs

Related to Termination and Dissolution Right

  • Termination and Dissolution of the contract

  • Duration and Dissolution The Partnership shall be dissolved and its affairs shall be wound up upon the first to occur of the following:

  • Term and Dissolution (a) The term of the Partnership shall continue in full force and effect until December 31, 2039, except that the Partnership shall be dissolved upon the first to occur of any of the following events:

  • 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.

  • 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 Termination and Liquidation 30 Section 8.1. Dissolution and Termination 30 Section 8.2. Liquidator 30 Section 8.3. Liquidation of the Company 31 Section 8.4. Cancellation of Certificate of Formation 32 Section 8.5. Return of Contributions 32 Section 8.6. Waiver of Partition 32 ARTICLE IX AMENDMENT OF AGREEMENT 32 Section 9.1. General 32 Section 9.2. Super-Majority Amendments 33 Section 9.3. Amendments to be Adopted Solely by the Manager 33 Section 9.4. Certain Amendment Requirements 34

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

  • Mergers and Dissolutions (a) Enter into a transaction of merger or consolidation, except that:

  • Dissolution and Termination (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon:

  • Dissolution and Termination of Trust (a) The Trust shall dissolve upon the earliest of:

Time is Money Join Law Insider Premium to draft better contracts faster.