Company Dissolution definition

Company Dissolution means, with respect to any Company, that (a) such Company is liquidated or dissolved, or (b) holders of the relevant Common Shares approve any plan or proposal for such Company’s liquidation or dissolution.
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Company Dissolution. If Digi Dash ceases operations without an acquisition or merger, the source code will be released to the Customer. o Service Downtime: If platform uptime falls below 99.9% for three consecutive months, the Customer may request escrow release. o Security Breaches: Failure to resolve critical vulnerabilities within 30 days of notification. Escrow Provider will be an independent vendor as listed on the Order Form (or an equivalent).
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Company Dissolution means that (a) the Company is liquidated or dissolved, or (b) holders of the Shares approve any plan or proposal for the
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Examples of Company Dissolution in a sentence

  • Prior to its admission to the Company as Special Member, each person acting as an Independent Director shall not be a member of the Company., Dissolution.

  • Company Dissolution will occur in cases expressly provided by law.

  • Upon the dissolution of the Company ("Dissolution"), the Company assets shall be liquidated and the affairs of the Company shall be wound up and terminated by the Liquidator.

  • Seller shall not retain any Records except for (a) those Records necessary for the disposition of its charter post-Closing and the Bank Dissolution the Holding Company Dissolution or as otherwise provided for in this Agreement, and (b) as may be required by applicable law.

Related to Company Dissolution

  • 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.