Common use of Liquidation Clause in Contracts

Liquidation. If it is resolved that the Company is to go into liquidation under Chapter 25 of the Swedish Companies Act, then, whatever the grounds for liquidation, Subscription may not subsequently be requested. The right to request Subscription is extinguished by the resolution to liquidate the Company, regardless of whether the resolution has become legally binding. Written notice of an intended liquidation under Section 8 will be given to all known Holders no later than two months before the date of the shareholders’ meeting held to consider voluntary liquidation of the Company under Chapter 25, section 1 of the Swedish Companies Act. The notice will remind Holders that Subscription may not be requested once the resolution to liquidate the Company has been passed at the meeting. If the Company gives notice of intended liquidation in accordance with above, then, regardless of the provisions of Section 4 concerning the earliest date on which to request Subscription, Holders may request Subscription from the date upon which the notice is given, provided it is possible to carry out Subscription no later than the tenth calendar day before the shareholders’ meeting at which liquidation is to be considered.

Liquidation. If it is resolved that the Company is to go into liquidation under Chapter 25 of the Swedish Companies Act, then, whatever the grounds for liquidation, Subscription may not subsequently be requested. The right to request Subscription is extinguished by the resolution to liquidate the Company, regardless of whether the resolution has become legally binding. Written notice of an intended liquidation under Section 8 9 will be given to all known Holders no later than two months before the date of the shareholders’ meeting held to consider voluntary liquidation of the Company under Chapter 25, section 1 of the Swedish Companies Act. The notice will remind Holders that Subscription may not be requested once the resolution to liquidate the Company has been passed at the meeting. If the Company gives notice of intended liquidation in accordance with above, then, regardless of the provisions of Section 4 concerning the earliest date on which to request Subscription, Holders may request Subscription from the date upon which the notice is given, provided it is possible to carry out Subscription no later than the tenth calendar day before the shareholders’ meeting at which liquidation is to be considered.

Liquidation. If it is resolved that the Company is to go into liquidation under Chapter 25 of the Swedish Companies Act, then, whatever the grounds for liquidation, Subscription may not subsequently be requested. The right to request Subscription is extinguished by the resolution to liquidate the Company, regardless of whether the resolution has become legally binding. Written notice of an intended liquidation under Section 8 21 will be given to all known Holders no later than two months before the date of the shareholders’ meeting held to consider voluntary liquidation of the Company under Chapter 25, section 1 of the Swedish Companies Act. The notice will remind Holders that Subscription may not be requested once the resolution to liquidate the Company has been passed at the meeting. If the Company gives notice of intended liquidation in accordance with above, then, regardless of the provisions of Section 4 16 concerning the earliest date on which to request Subscription, Holders may request Subscription from the date upon which the notice is given, provided it is possible to carry out Subscription no later than the tenth calendar day before the shareholders’ meeting at which liquidation is to be considered.