Plan of Dissolution definition

Plan of Dissolution means that certain Plan of Dissolution of Heller Ehrman
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Plan of Dissolution means a Plan of Dissolution approved by all Members as contemplated by Section 12.5.
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Plan of Dissolution means the plan for the purposes of winding up, liquidating and dissolving the Seller to be submitted to the OCC.
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Examples of Plan of Dissolution in a sentence

  • Such Plan of Dissolution shall contain a statement of the Fund’s current financial condition computed both on a statutory basis and according to generally accepted accounting principles as attested to by an independent certified accountant.

  • The Plan of Dissolution must provide for the payment of all unexpired losses of the Fund and its members, including all incurred but not reported losses, as certified by an actuary, before any assets of the Fund or the trust fund accounts may be used for any other purpose.

  • A majority of the governing bodies of the members must by resolution vote to accept the Plan of Dissolution in order to dissolve the Fund.

  • By majority vote, the Fund Commissioners may recommend to the members that the Fund be dissolved in accordance with the Plan of Dissolution.

  • The Plan of Dissolution and other such information as may be required, must be filed with and approved in writing by the Commissioner and the Commissioner of the Department of Community Affairs not later than 90 days prior to the proposed effective date of dissolution.

  • If the Fund Commissioners/Executive Committee deem it in the best interest of the members to dissolve the Fund, they shall by majority vote direct that a written Plan of Dissolution be prepared.

  • The Plan of Dissolution must provide for the payment of all unexpired losses of the Commission and its members, including all incurred but not reported losses, as certified by an actuary, before any assets of the Commission or the trust fund accounts may be used for any other purpose.

  • Such Plan of Dissolution shall contain a statement of the Commission’s current financial condition computed both on a statutory basis and according to generally accepted accounting principles as attested to by an independent certified accountant.

  • If the Commissioners deem it in the best interest of the members to dissolve the Commission, they shall by majority vote direct that a written Plan of Dissolution be prepared.

  • By majority vote, the Commissioners may recommend to the County that the Commission be dissolved in accordance with the Plan of Dissolution.


More Definitions of Plan of Dissolution

Plan of Dissolution means the Plan of Dissolution of NGHIF Merger Sub, LLC, adopted as of November 24, 2014.
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Plan of Dissolution has the meaning set forth in Section 7.12.
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Related to Plan of Dissolution

  • Plan of Distribution shall have the meaning set forth in Section 2(a).

  • 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.

  • Plan of Reorganization means any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding.

  • 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