Winding Up and Dissolution. (a) The Partnership shall dissolve, and its affairs shall be wound up, at such time as (i) the General Partner of the Partnership approves in writing, (ii) an event of withdrawal of the General Partner has occurred under the Act (unless the Partnership is continued without dissolution in accordance with this Agreement or the Act), (iii) an entry of a decree of judicial dissolution has occurred under Section 17-802 of the Act or (iv) the Partnership does not have a Limited Partner (unless the Partnership is continued without dissolution in accordance with the Act); provided, however, that the Partnership shall not be dissolved or required to be wound up upon an event of withdrawal of the General Partner described in Section 4.1(b) hereof if (x) at the time of such event of withdrawal, there is at least one (1) other General Partner of the Partnership who carries on the business of the Partnership (any remaining General Partner being hereby authorized to carry on the business of the Partnership) or (y) within ninety (90) days after the occurrence of such event of withdrawal, all remaining Partners agree in writing to continue the business of the Partnership and to the appointment, effective as of the event of withdrawal, of one (1) or more additional general partners of the Partnership. For the avoidance of doubt, none of the Reorganization Transactions (including any general partner ceasing to be a general partner of the Partnership) resulted in the dissolution of the Partnership, and the Partnership is hereby continued without dissolution.
Winding Up and Dissolution. The General Partner may, at any time, commence the winding up of the Partnership’s affairs and shall act as liquidator for the purposes of such winding up. Upon completion of the Partnership’s winding up, the General Partner shall file a notice of dissolution in accordance with the Act and the Partnership will then dissolve.
Winding Up and Dissolution. 12.2.1 Upon the Dissolution of the Company, the winding up of the Company's business and the distribution of Company property and assets shall be carried out in as expeditious a manner as is reasonably practicable and consistent with the provisions of this Section 12.2 and applicable law.
Winding Up and Dissolution. 30 Section 8.1 Winding Up and Dissolution of Partnership.......................................................30
Winding Up and Dissolution. (a) On the happening of any event requiring the dissolution of the Partnership as provided in this Agreement, the General Partner shall exercise its powers under this Agreement for the purpose of winding up the business of the Partnership, liquidating the Partnership’s assets in an orderly manner, paying the debts, liabilities and expenses of the Partnership and satisfying its other obligations, distributing any cash or other assets of the Partnership to the Partners in accordance with Section 12.4(b), filing all notices of dissolution prescribed by the Limited Partnerships Act, and filing all elections, determinations or designations required under the Income Tax Act or the Electricity Act which may be necessary or desirable. The Partnership shall not engage in any new business during the period of such winding up and dissolution.
Winding Up and Dissolution. Upon the dissolution of the Partnership pursuant to the preceding Section 8.1, the Partnership business shall be wound up and its assets distributed as provided in Article IV. For the purposes of this Section 8.2, to the extent that depreciation or amortization deduction taken into account by the General Partner shall cause a deficit in the General Partner's capital account, such deficit, to the extent the amount of any depreciation or amortization so taken, shall not be deemed to be the personal liability of the General Partner. Upon complete dissolution and distribution of the Partnership's assets, the Partners shall cease to be Partners of the Partnership. Upon the dissolution of the Partnership, the accountants for the Partnership shall promptly prepare and furnish to each Partner a statement setting forth the assets and liabilities of the Partnership upon its dissolution. Promptly following the distribution of the Partnership's property and assets, the Partnership's accountant shall prepare for each Partner a statement showing the manner in which the Partnership assets were distributed.
Winding Up and Dissolution. Winding up and dissolution of Company shall occur only in accordance with the applicable provisions of the Mexican Ley General de Sociedades Mercantiles and the Company Bylaws.
Winding Up and Dissolution. Section 10.1. Any of the following events occurring to a Member shall cause the winding up and dissolution of the Company:
Winding Up and Dissolution. Upon the dissolution of the Partnership pursuant to Section 9.1, the Partnership business shall be wound up and its assets distributed as provided herein. Upon complete dissolution and distribution of the Partnership’s assets, the Partners shall cease to be Partners of the Partnership. Upon the dissolution of the Partnership, the accountants for the Partnership shall promptly prepare and furnish to each Partner a statement setting forth the assets and liabilities of the Partnership upon its dissolution. Promptly following the distribution of the Partnership’s property and assets, the Partnership’s accountant shall prepare for each Partner a statement showing the manner in which the Partnership assets were distributed.
Winding Up and Dissolution. 25 11.3 Distribution..............................................26 11.4
