Termination in Other Events. Without in any way limiting any other provision of this Agreement, either Licensor or Licensee may terminate this Agreement by notice in writing to the other if an order is made by a court or other competent authority for the winding up or dissolution of Licensee.
Termination in Other Events. Without in any way limiting any other provision of this Agreement, either Licensor or Acquisition may terminate this Agreement by notice in writing if an order is made by a court or other competent authority for the winding up or dissolution of Acquisition.
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) 21 years following the death of the last surviving Participant included on the Participant Schedules received by the Trustee in 1995, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans) or (c) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described in clauses (a) or (b) of this Section, the Trustee shall distribute the assets remaining in the Trust Fund to all Participants listed on the Participant Schedule in an equal amount per Participant.
Termination in Other Events. Without in any way limiting any other provision of this Agreement, either the Licensee or the Licensor may terminate this Agreement by notice in writing to the other on any of the following events:
(a) if an order is made by a court or other competent authority for the winding up or dissolution of the other party;
(b) if a resolution of the members of the other party is passed for the winding up or dissolution of the other party;
(c) if a receiver-manager is appointed for or in respect of the assets or undertaking or property of the other party comprising in whole or in part the assets or undertaking or property of that other party employed in its business or activities pursuant to this Agreement;
(d) if an assignment is made by that other party of any of its property, assets or undertakings of or engaged in the business or activities of that party pursuant to this Agreement for the benefit of its creditors;
(e) if the other party ceases substantially or threatens to cease substantially carrying on business;
(f) if all or any of the assets or undertaking of the other party employed in whole or in part in its business or activities pursuant to this Agreement is seized or taken in execution by a mortgagee, encumbrancer or pursuant to any warrant or process of execution of a judgment; or
(g) if the other party is insolvent or is deemed to be insolvent for the purposes of or pursuant to any relevant legislation relating to insolvency or to corporations and so that the party may be or may be liable to be wound up or dissolved. GENERAL
Termination in Other Events. Please see Program Policies for details on other termination events.
Termination in Other Events. Limitation on Trustee Liability upon Total Distribution; Continuation of Trustee Powers................................ 21 13.4 Nonapplicability of ERISA..................................... 21
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) the fifth anniversary of the Effective Date, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans), (c) the date on which the Committee demands repayment of the entire outstanding principal balance and accrued interest on any loans to the Trust, or (d) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described
Termination in Other Events. Limitation on Trustee Liability upon Total Distribution; Continuation of Trustee Powers. . . . . . . . . . . . . .15 13.4
Termination in Other Events. 18 13.3 Limitation on Trustee Liability upon Total Distribution; Continuation of Trustee Powers................................19 13.4
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) the fifth anniversary of the Effective Date, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans), (c) the date on which the Committee demands repayment of the entire outstanding principal balance and accrued interest on any loans to the Trust, or (d) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described in clauses (a), (b), or (c) of this Section 13.2, the Trustee shall sell such shares of Company Stock held in the Trust as necessary to repay all principal and interest remaining due under any loans to the Trust and shall then distribute all remaining assets then constituting the Trust Fund, as provided in Section 13.1
