Voluntary Winding Up. The LLP may be wound up voluntarily by a written consent of the partners holding at least 50 % of interest in the LLP, in terms of the value of their contribution to the LLP. In case the decision to wind up the LLP is so taken, the LLP shall be liquidated in accordance with the provisions of the LLP Act, 2008, and the rules made there under. Compulsory Winding up Notwithstanding anything contained in this Agreement, the LLP shall be deemed to be terminated in the following cases: Number of partners falls below two and the LLP continues to carry on its business with less than two partners for a period of six months. Partner’s non-economic right (e.g. right to take part in the management etc) is transferred to a third party without the approval of the existing partners.
Voluntary Winding Up. 17.1. Despite any other provision of this Agreement, the Production Company, having given notice in writing to Screen NSW, may commence a members’ voluntary winding up following Completion of the Production. Upon such winding up taking effect any obligations of the Production Company under this Agreement that have not been fulfilled by the Production Company, shall become the obligations and liabilities of the Producer.
Voluntary Winding Up. In order to secure the continuity of the GMDSS services provided by the Company, any decision to voluntarily wind up the Company shall take effect only with the consent in writing of the Organization which shall not be withheld or delayed unless the GMDSS services are jeopardised.
Voluntary Winding Up. The [Insert Name] Auxiliary may submit a request to the Foundation to wind up voluntarily. Approval for such a request will not be unreasonably withheld. To initiate the request, the Auxiliary is required to take the steps as outlined below. The Auxiliary, at a quorate meeting of its members, shall pass a special resolution of its members, to seek approval from the Foundation to voluntarily wind up, specifying the date on which activities of the Auxiliary are proposed to cease (this date not to be before the meeting of the Foundation Board that can consider this request). The Auxiliary may choose to allocate its funds to an approved project within the RCH, however, once the resolution to wind up has been approved by the Foundation, all surplus assets of the Auxiliary, following payment of all liabilities, including all funds in external bank accounts, shall transfer to the Foundation on or before the nominated date that activities of the Auxiliary shall cease. The Auxiliary may request, by special resolution, where the Foundation direct surplus assets. Whilst such resolution will not be binding, no reasonable request shall be denied. At the date the activities of the Auxiliary cease, all operations and property of the Auxiliary, including the name of the Auxiliary, shall revert to the Foundation. Following winding up, the Foundation may at its discretion assign the Auxiliary’s name for a purpose of its choosing, which may include offering the name to a new group wishing to form an Auxiliary, and/or in ensuring its inclusion of a ‘past services list’ of previously operational Auxiliaries.
Voluntary Winding Up. The LLP shall be liquidated pursuant to the terms and conditions contained in this Agreement and the provisions of the LLP Act upon a decision to dissolve the LLP by written consent of all the partners of the LLP.
Voluntary Winding Up. 6.3.5.1 In the case of the passing of a voluntary winding-up resolution, the Company shall give written notice to all holders of the Convertible Debentures which are in circulation for the time being, who are registered in the register of the relevant series of the Convertible Debentures, and shall publish a notice to that effect in two (2) widely-circulating Hebrew dailies published in Israel. Every holder of the Convertible Debentures will be entitled, as he pleases, to be deemed to have exercised the right of conversion in respect of the Debentures immediately prior to the passing of the resolution, if he gives the Company written notice of his desire for this within three (3) months from the date of the Company’s aforesaid notice.
6.3.5.2 In such case, a holder of the Convertible Debentures will be entitled to participate in a distribution amongst its shareholders, of the surplus assets of the Company in winding-up (after discharge of all its debts), with this being in an amount he would have received in a winding-up of the Company had he been a shareholder in the Company immediately prior to the passing of the winding-up resolution as a consequence of the conversion of the Convertible Debentures held by him, in respect of which he gave the Company notice as aforesaid, but after deduction of the amounts of interest that were paid in respect of those Convertible Debentures at the date of the resolution or subsequent thereto (except interest the due date for payment of which fell prior to the date of the resolution, even if paid on or after the date of the resolution); and the holder of the Convertible Debentures will not be entitled to any payment in accordance with the Debentures the due date for payment of which fell after the date of the resolution.
Voluntary Winding Up. Not while any Notes issued by it are Outstanding take any steps to wind itself up nor put itself into voluntary liquidation.
Voluntary Winding Up. Upon consent of the Parties, the joint venture shall be wound up, and its operations terminated. In that case, CTC shall appoint an Agent to facilitate the winding-up process by serving escrow and related functions incident to the dissolution of CTC. Such Agent shall survive the dissolution of CTC and shall continue to operate until both Parties have agreed that the winding-up is complete, or, failing that, until a court or other competent official administrative entity has released the Agent from further action.
Voluntary Winding Up. The Company shall not initiate a voluntary winding up unless occasioned by insolvency. In this case the Company shall, as soon as possible before initiating such winding up, consult with the Organization about any opportunities for an assignee to assume responsibility for maintaining continuity of the Company's Recognized Mobile Satellite Service and for paying the Company's apportioned share of the Organization's GMDSS oversight budget. If the Organization cannot obtain reasonable assurances about those obligations, the Organization may immediately terminate this Agreement.
Voluntary Winding Up. Voluntary winding up of the LLP shall be as per the provisions of the LLP Act, 2008 and the Rules for the time being in force or any other statutory modification or re-enactment thereof.
