Plan of Dissolution definition
Examples of Plan of Dissolution in a sentence
Except as modified herein, the terms and conditions of the Agreement and Plan of Dissolution are to remain in full force and effect.
In accordance with its Plan of Dissolution and Liquidation to be entered into on July 11, 1997 (the "Plan of Liquidation"), each of the General Partners, other than the Managing General Partner, shall dissolve and liquidate on the second anniversary date of the consummation of the Consolidation.
Completion of Plan of Dissolution and Liquidation of VIA ▇▇▇.▇▇▇▇▇, Inc.
After the effective date of any such dissolution pursuant to Section 12.1, any unresolved Company business or affairs shall be wound up pursuant to a Plan of Dissolution adopted by the Members.
Upon such dissolution, Holdings shall liquidate by distributing all of its assets to its stockholders pursuant to a plan of dissolution and liquidation (the "Plan of Dissolution", attached hereto as Exhibit B).
This Reorganization Agreement, the ▇▇▇▇▇▇▇▇▇ Agreement and the Plan of Dissolution contain the entire agreement of the parties with respect to the transactions contemplated hereby.
On January 15, 2013, the Board of Managers of the Company approved a Plan of Dissolution and Liquidation for the Company (the “Plan of Dissolution”) and a Second Amended and Restated Operating Agreement for the Company (the “New Operating Agreement”).
As of the Effective Date Liquidation Manager (i) accepts his appointment and agrees to serve as the sole manager of the Company; and (ii) agrees to observe and perform all duties and obligations imposed upon the Liquidation Manager under this Agreement, the Plan of Dissolution, and the New Operating Agreement (collectively, the “Governing Documents”).
BE IT RESOLVED., that the Company is hereby authori ed and directed to enter into the Plea Agreement and Settlement greem ents; FU RTHER RESOLVED, that the Co mpan is authorized and directed to plead guilty to the charges specified in the lnfonnation related to the Company; FURTHER RESOLVED, that pursuant to Section S.l of the Plan of Dissolution.
The adjustments described in this Notice, in their entirety, are effective as of the consummation of the Dissolution (the “Effective Time”) and are to be effected by the Plan of Dissolution.