Examples of Dissolution Committee in a sentence
The unanimous determination of the Dissolution Committee as to the value of each of the Partnership’s assets, or the determination of the appraisers appointed pursuant to Section 9.5(f), as applicable, shall conclusively establish the value of the Partnership’s properties and shall be final and binding upon the Partners and the Partnership.
Any Partner receiving an in kind distribution of newspaper assets shall enter into a reasonable and customary cross-indemnification agreement in favor of the Partnership and the other Partner(s) with respect to the liabilities of the newspaper that is distributed in kind, in form and substance reasonably acceptable to the Dissolution Committee.
In liquidating the Partnership, the Dissolution Committee, in its reasonable discretion, shall apply the assets of the Partnership as provided in Sections 10.3(b) and (c), except that the Dissolution Committee may require liabilities of the Partnership associated with a newspaper of the Partnership that is distributed in kind to not be paid and instead to be assumed by the Partner that is to receive the in kind distribution of such newspaper assets.
Upon obtaining the approval of the Board of Regents, the Dissolution Committee shall act as liquidating directors and shall proceed with reasonable promptness to dissolve UPI.
The Dissolution Committee shall be responsible for developing a dissolution plan that the Committee will recommend to the Board.
The Dissolution Committee, in its capacity as liquidator, (x) shall have the right to compel each Partner to contribute an appropriate amount of cash to the Partnership to the extent necessary to equalize the relative values of the newspaper assets to be distributed in kind to the Partners, and /or (y) shall distribute an appropriate amount of cash to address any differences in the relative values of assets (taking into account any assumed liabilities) and cash distributed to the Partners.
Staff has requested further information from the DCS Dissolution Committee.
Loscalzo also serves as a member of the Dissolution Committee that is overseeing Schnader’s liquidation.
Please note that this data does not include actual payments; this information has been requested from the DCS Dissolution Committee.
Whitson also serves as a member of the Dissolution Committee that is overseeing Schnader’s liquidation.