Examples of Act of Dissolution in a sentence
Notwithstanding the above, a Prepayment Premium shall not be applicable if any prepayment is made from the proceeds of a Mandatory Prepayment Event due to an Act of Dissolution as provided in Section 2.7(b).
Any Act of Bankruptcy or Act of Dissolution shall have occurred with respect to any Company.
No Company or any Subsidiary thereof shall, through any reorganization, reclassification, consolidation, merger, sale of assets, Act of Dissolution, issuance or Transfer of securities or any other action, avoid or seek to avoid the observance or performance of any of the terms, covenants and conditions of this Agreement or any of the other Loan Documents, but shall at all times carry out in good faith all such terms.
Any Act of Bankruptcy shall have occurred with respect to any Borrower, or any Act of Dissolution shall have occurred without the Holders' prior written consent to any Borrower.
Following the occurrence of an Event of Default under 0 hereof resulting from an Act of Bankruptcy or an Act of Dissolution, principal and interest outstanding under the Note and all other Company Liabilities owed to the Investor, including without limitation, the Prepayment Premium, shall become immediately due and payable, without presentment, demand, protest or further notice by the Investor to the Companies, all of which are hereby expressly waived by the Companies.
Except as permitted by Sections 6.4 or 6.5, the occurrence of an Act of Dissolution with respect to Borrower or any of its Subsidiaries shall cease to exist, dissolve, permanently cease operations or abandon the operation of any of its material plants or facilities.
Any Act of Bankruptcy or Act of Dissolution occurs with respect to Issuer.
The Note, including the outstanding principal balance thereof, any accrued and unpaid interest thereon (and the appropriate Prepayment Premium, if any, computed pursuant to Section 2.8 hereof with respect to a Change of Control), and all other Companies Liabilities shall be immediately due and payable if any of the following events occur (each, a “Mandatory Prepayment Event”): (a) the occurrence of a Change of Control; or (b) the occurrence of an Act of Dissolution.
Any Act of Bankruptcy or Act of Dissolution shall have occurred with respect to any Borrower.
The Service of Witness and Act of Dissolution was held on that same date.