Winding Down definition

Winding Down or “Wind Down” means the procedure adopted by the Clearing Corporation for the termination of Critical Operations and Services of the Clearing Corporation on voluntary basis or involuntary basis as prescribed by Bye-Laws of the Clearing Corporation.
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Winding Down means the winding down of any terminated Sponsored Plan. “Winding Down Claim” means any Claim for any actual or alleged Wrongful Act
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Winding Down means the winding down of the business and operations of the Named Organization.
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Examples of Winding Down in a sentence

  • However it will be possible to apply and be considered for Winding Down at other times during the school session.

  • If it is considered necessary by the Service, part-time contracts under the Winding Down arrangements will be effective only once the remaining part of the job has been filled.

  • If the Seller and the Buyer shall be unable to agree upon such a timetable and procedures prior to July 1, 1997, the Distribution Period shall automatically deemed to be the [ * ] following the Scheduled Termination Date (such [ * ] period being referred to as the "Winding Down Period").

  • Such negotiations shall include (i) discussions regarding the Seller's proposed maintenance of inventories solely at the Indianapolis DDC from which all shipments to Customers on buyer's behalf hereunder would be made during the Winding Down Period (as defined below); and (ii) discussions regarding Buyer's purchase of inventory from Seller during the Winding Down Period.

  • As shall be reasonably requested by Buyer, Seller shall provide Buyer with information necessary for Buyer and Seller to manage inventory prior to and during the Winding Down Period including but not limited to information pertaining to SKU's, on-hand inventory, orders, product availability and Buyer's daily run rate.

  • Netcentives Points may continue to be redeemed for SkyMiles during the Winding Down Period and use of trademarks and confidentiality will survive during the Winding Down Period.

  • Upon the termination of this Agreement, each party will immediately return to the other party or destroy all Confidential Information of the other party in its possession or control in accordance with Section 16.4 (Return of Confidential Information), except to the extent such information is required during the Winding Down Period.

  • Winding Down Strategy Means the strategy described in section 5.5.1(c).

  • Any teacher considering either the general Phased Retirement Scheme or Winding Down Scheme should consider taking professional financial advice Teachers wishing to Wind Down or undertaking Phased Retirement must first apply to reduce their working hours in line with the flexible working policy.

  • Winding Down is a particular phased retirement option which offers those members approaching their retirement age, the opportunity to continue in employment on a part- time basis for up to 4 years whilst protecting their overall final retirement pension entitlement.

Related to Winding Down

  • Winding Up Period means the period from the Dissolution Event to the Termination of the Company.

  • Winding-Up dissolution", "insolvency", or "reorganization" in the context of a company or corporation shall have the same meaning as defined in the Companies Act, 1956/ Companies Act, 2013 (as the case may be).

  • 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;

  • winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;

  • Event of Dissolution shall have the meaning set forth in Section 10.1.