Termination upon Liquidation or Purchase of the Mortgage Loans
Termination upon Liquidation. Anything herein contained to the contrary notwithstanding, upon thirty (30) days' prior written notice to the Employee, the Corporation, at any time subsequent to the adoption of a resolution by the Board of Directors of the Corporation to the substantial effect that the Board of Directors deems it advisable that the business of the Corporation be terminated and its assets liquidated, may terminate this Agreement and all of the rights, obligations and duties of the parties hereunder.
Termination upon Liquidation or Purchase of all Mortgage Loans Section 9.02. Final Distribution on the Certificates Section 9.03. Additional Termination Requirements ARTICLE X
Termination upon Liquidation. Notwithstanding anything to the contrary set forth in this Section 9, the Parties agree that this Agreement will automatically terminate upon the liquidation or dissolution of the Service Recipient or upon any corporate action by the Service Recipient effectuation such liquidation or dissolution.
Termination upon Liquidation. Upon completion of the dissolution, winding up, liquidation and distribution of the Company assets and liquidation proceeds, the Company shall terminate and the Board (or, if there is no Manager, such person as is designated by the Members under Section 6.2 hereof) shall file or cause to be filed with all appropriate governmental authorities a Certificate of Cancellation as required by the Act.
Termination upon Liquidation. Previo may terminate this Agreement upon fourteen (14) days' prior written notice to Altiris received on or after the date Previo obtains the approval of its stockholders authorizing Previo's dissolution and liquidation of assets.
Termination upon Liquidation. If, at any time during the period commencing on the Agreement Date and ending sixty days after the Bankruptcy Reorganization Date, Northwest is being liquidated pursuant to Chapter 7 or 11 of the Bankruptcy Code or similar provisions and has terminated any agreements comparable to this Agreement that it may have with Amadeus, Galileo, or Sabre, then Northwest may, by giving Worldspan prior written notice thereof at any time prior to sixty days after the Bankruptcy Reorganization Date, terminate this Agreement effective as of the termination date specified in the notice of termination.
Termination upon Liquidation. Either party may terminate this Agreement in case of: (a) insolvency, dissolution or liquidation proceedings are instituted by or against the other party; (b) a receiver, trustee or similar officer is appointed for the business or property of such party; (c) the other party files a petition seeking any reorganization, arrangement, composition or similar relief under any law regarding insolvency or relief for debtors, or makes an assignment for the benefit of creditors; (d) the other party adopts a resolution for discontinuance of its business or for dissolution.
Termination upon Liquidation. Notwithstanding anything contained in this Section 11 to the contrary, the Founding Shareholders’ obligations under this Section 11 shall terminate upon completion of the dissolution or liquidation of the JVLP pursuant to the Partnerships Ordinance (New Version) 1975. The Founding Shareholders hereby agree and undertake not to take any action including applying to any competent court or judicial body, for the liquidation or dissolution of the JVLP prior to the expiration of 18 months from the Closing, other than as set forth in Section 3.5.3 above. Furthermore, upon such dissolution or liquidation, each of the Founding Shareholders shall be free to employ any of the Designated Employees or any other employee of JV regardless of any undertaking of non-competition any such employee may have to the other Founding Shareholder, and no claim may be made by such other Founding Shareholder against such employee or the first Founding Shareholder.
Termination upon Liquidation. At any time subsequent to the adoption of a resolution by the Board of Directors of the Corporation to the substantial effect that the Board of Directors deems it advisable that the business of the Corporation be terminated, and its assets liquidated, and upon five (5) days’ prior documented notice to Employee, Employer may terminate this Agreement and all of the rights, obligations and duties of the parties under this Agreement, except that the restrictions imposed on Employee as set forth in paragraphs 2.5, 2.6, and 2.7 of this Agreement and the remedies available to Employer as set forth in such paragraphs shall remain in effect. wxx.XxxxxxxxXxxxxxxxxxxx.xxx 4000 Xxxxx Xxx., Xxxxx 00, Xxxxxx, XX 00000 (770) 217-1802 (office), (000) 000-0000 (fax) axxxx@xxxxxxxxxxxxxxxxxxxx.xxx
