TERMINATION/DISSOLUTION. A. This Operating Agreement shall terminate on August 1, 2024. The parties have the option to renew with ninety (90) days written notice to each other.
TERMINATION/DISSOLUTION. Without prejudice to its statutory rights, Merinox shall be entitled, in the cases described in Article 4 paragraph 4 of these terms and conditions, and when Merinox has a well-founded suspicion that the Buyer is not or shall not fully comply with the applicable laws and regulations (including, for instance, those pertaining to international trade, embargoes, import and export restrictions and sanction measures, including financial trade restrictions), to terminate all agreements with the Buyer with immediate effect by means of a written statement, without notice of default being required. Merinox shall never be obliged on account of such termination to refund any monies already received or to pay compensation or provide a guarantee.
TERMINATION/DISSOLUTION the JV agreement should specify under what circumstances the JV will be dissolved and whether the commencement of the process is automatic or at the option of one of the parties. It is risky to provide for automatic dissolution in case some unintended situation arises where the parties would not want the dissolution to occur, particularly in the context of a contractually based JV • triggering events for dissolution often include insolvency of one of the co- venturers, material breach or default to comply with covenants, failure to meet certain critical targets or other situations which result in the original purpose of the JV being frustrated Miscellaneous • consider what post termination confidentiality covenants should be included (unless already included in separate stand-alone confidentiality agreement)
TERMINATION/DISSOLUTION. If any time owing to losses or any other cause whatsoever one-fourth of the entire capital of the LLP shall have been lost or not represented by available assets or there exists reasonable cause of apprehension that a call on the Partners to contribute further capital of % or more of the entire capital of the LLP is imminent in order to carry on its business as a solvent entity, a majority in value of the Partners may require the LLP to be dissolved and wound up as if the same has occurred by efflux of time.
TERMINATION/DISSOLUTION. A. Should the Governing Board terminate its operations by dissolution or the Virginia Board of Education decides to terminate the Academy, the Governing Board shall ensure that assets not solely owned by UMW are distributed among the then existing School Boards on a pro rata basis according to the fractional interest owned by each school board in the said assets, or on some other basis agreed to by all School Boards. The Governing Board may be voluntarily dissolved by the Governing Board if a resolution to dissolve is adopted by a unanimous vote of the Governing Board members present and voting.
TERMINATION/DISSOLUTION a. This Agreement shall be terminated and the Communications Commission dissolved if sixty (60) percent of the parties hold public hearings before their respective governing bodies with notice published as required by section 362.3 of the Iowa Code (most recent version2021) and vote to terminate at two meetings held at least thirty days apart.
TERMINATION/DISSOLUTION. Participation in this Memorandum of Understanding is voluntary. Either party may suspend or terminate its involvement in this Memorandum of Understanding at any time subject to notifying the other party in writing ninety days in advance of the intended date of suspension or termination.
TERMINATION/DISSOLUTION. (a) This Agreement and the Trust created hereby shall terminate upon the earliest of (i) repayment in full of all outstanding Certificates (by way of repayment in full on the final Payment Date, mandatory or optional redemption or otherwise), (ii) twenty-one years less one day after the death of the last survivor of any of the descendants living on the Closing Date of Joseph P. Kennedy, father of John Fitzgerald Kennedy, or (iii) on the xxxxxxx xxxxxxx of Telefonicx xxx Xxxx xxx xxx Xxxxificateholders of 100% of the Certificates (such earliest date being the "Trust Termination Date"). In connection with any termination of this Agreement and the Trust created hereby pursuant to clause (i), (ii) or (iii) above, (w) all monies and other property or proceeds constituting the Trust Estate shall be distributed to the Certificateholders in accordance with and only to the extent of such Certificateholder's interest therein; (x) the Trustee shall deliver to the Certificateholders any and all instruments necessary to evidence and effect such distribution; (y) any excess monies, property and proceeds following such distribution, including all amounts then on deposit in the Trust Accounts, shall be distributed to or at the direction of the holder of the Transferor Certificate; and (z) the Trustee shall deliver to Telefonica del Peru, upon the request of Telefonica del Peru, all agreements, instruments and other documents relating to the Service Arrangements or that may be confidential.
TERMINATION/DISSOLUTION. LIQUIDATION AND WIND- ING-UP; LIQUIDITY EVENTS...........................37
TERMINATION/DISSOLUTION. All or a substantial portion of the Borrower’s or any Obligor’s business is terminated, or, Borrower or any Obligor is liquidated or dissolved.
