Plan of Dissolution definition

Plan of Dissolution means the plan for the purposes of winding up, liquidating and dissolving the Seller to be submitted to the OCC. “Prepaid Expenses” means the prepaid expenses recorded or reflected on the books of Seller at the close of business on the Closing Date

Plan of Dissolution means that certain Plan of Dissolution of Heller Ehrman

Plan of Dissolution means a Plan of Dissolution approved by all Members as contemplated by Section 12.5.

Examples of Plan of Dissolution in a sentence

• Pursuant to Section 22 of the FCCA, the Nation’s Legislature as representative of the Owner shall approve or disapprove the Plan of Dissolution at a regular or special meeting of the Nation’s Legislature as representative of the Owner.

• On December 10, 2008, the Board of Directors (the “Board”) of the Fund adopted the Plan of Dissolution and Complete Liquidation of NTS Mortgage Income Fund (the “Plan”).

• Adoption of the Plan of Dissolution shall constitute approval of such payments by the stockholders of the Company.

• Detached single-family uses shall provide at least 300 square feet of private open space adjacent to each unit.

• It is intended that this Plan of Dissolution shall be a plan of complete liquidation of the Company in accordance with the terms of Sections 331 and 336 of the Code.

• Phase Two comprises of the steps provided in the following sub-sections of this Section 3 of the Plan of Dissolution.

• Upon such death, resignation, or other disability, the surviving or remaining members of the General Partner shall have the authority to fill the vacancy or vacancies so created, but the failure to fill such vacancy or vacancies shall not impair the authority of the surviving or remaining members of the General Partner to exercise any of the powers provided for in this Plan of Dissolution.

• In connection with the Sale of the Properties, this Plan of Dissolution authorizes Uniprop AM, LLC, an affiliate of the General Partner that manages the Properties of the Partnership (the “Property Manager”), to receive a property disposition fee of 2.5% of the gross sales price of the Properties.

• The death, resignation, or other disability of any individual member of the General Partner shall not impair the authority of the surviving or remaining members of the General Partner to exercise any of the powers provided for in this Plan of Dissolution.

• In Phase One, which is comprised of the Sale of the Properties, the General Partner will pursue the sale of the Sunshine Village and West Valley manufactured housing communities (the “Properties”) – in exchange for cash, notes, redemption of equity, or such other assets as may be conveniently liquidated or distributed, which the General Partner expects to accomplish within 18 months after approval of the Plan of Dissolution.

More Definitions of Plan of Dissolution

Plan of Dissolution means the plan for the purposes of winding up, liquidating and dissolving the Seller to be submitted to the OCC.

Plan of Dissolution means the Plan of Dissolution of Sterling Bancorp, Inc. as adopted by the board of directors of Seller on September 15, 2024, of which the Transactions comprise a part.

Plan of Dissolution has the meaning set forth in Section 7.12.

Plan of Dissolution means the Plan of Dissolution of NGHIF Merger Sub, LLC, adopted as of November 24, 2014.