Act of Dissolution definition

Act of Dissolution when used in reference to any Person (other than an individual), shall mean the occurrence of any action initiating, or any event that results in, the dissolution, liquidation, winding-up or termination of such Person.
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Act of Dissolution when used in reference to any Person (other than an individual) shall mean the occurrence of any action initiating, or any event that results in, the dissolution, liquidation, winding-up or termination of such Person. "AFFILIATE," when used in reference to any Person, shall mean any Person that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person in question.
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Act of Dissolution when used in reference to any Person (other than an individual) shall mean the occurrence of any action initiating, or any event that results in, the dissolution, liquidation, winding-up or termination of such Person. "Affiliate," when used in reference to any Person, shall mean any Person, other than a holder of the Junior Debt, that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person in question including, without limitation, by reason of holding 10% or more of the equity interest of the Person in question or possessing the direct or indirect ability to manage the business and affairs of the Person in question. "Applicable Law(s)," when used in the singular, shall mean any applicable foreign, federal, state or local law, ordinance, order, regulation, rule or requirement of any governmental or quasi-governmental agency, instrumentality, board, commission, bureau or other authority having jurisdiction, and, when used in the plural, shall mean all such applicable foreign, federal, state and local laws, ordinances, orders, regulations, rules and requirements.
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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).

  • 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 or Act of Dissolution shall have occurred with respect to any Company.

  • 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.

  • 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 2.8(b).

  • Any Act of Bankruptcy or Act of Dissolution shall have occurred with respect to any Borrower.

  • 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.

Related to Act of Dissolution

  • Event of Dissolution shall have the meaning set forth in Section 10.1.

  • Event of dissociation means any of the events listed in Section 8.1 upon which the Member ceases to be a Member.

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Early Dissolution Event has the meaning specified in Section 9.2.

  • Event of Withdrawal has the meaning assigned to such term in Section 11.1(a).

  • Winding Up Period means the period from the Dissolution Event to the Termination of the Company.

  • Liquidation means the distributions of the Trust Account to the Public Shareholders in connection with the redemption of Ordinary Shares held by the Public Shareholders pursuant to the terms of the Company’s Amended and Restated Memorandum and Articles of Association, as amended, if the Company fails to consummate a Business Combination.

  • Total dissolved solids means the total dissolved (filterable) solids as determined by use of the method specified in 40 CFR Part 136 (2000).

  • Winding-Up means, with respect to the Issuer, a final and effective order or resolution for the bankruptcy, winding-up, liquidation, receivership or similar proceeding in respect of the Issuer (except for the purposes of a consolidation, amalgamation, merger or reorganisation the terms of which have previously been approved by an Extraordinary Resolution of the Noteholders); and

  • Dissolution Date means, as the case may be:

  • Reorganization Event has the meaning specified in Section 5.6(b).

  • Reorganization with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA.

  • winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • TERMINATION OF THE INITIAL PUBLIC OFFERING means the earlier of (i) the date on which the Initial Public Offering expires or is terminated by the Company or (ii) the date on which all shares of stock offered in the Initial Public Offering are sold, excluding warrants, if any, offered thereunder and shares that may be acquired upon exercise of such warrants and shares offered thereunder that may be acquired pursuant to the Reinvestment Plan.

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • Corporate Reorganization means any change in the legal existence of any Subject Entity (other than a Capital Reorganization) including by way of amalgamation, merger, winding up, continuance or plan of arrangement.

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Articles of Amalgamation means the articles of amalgamation giving effect to the Amalgamation required under the OBCA to be filed with the Director;

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Business Combination means any merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses, involving the Company.