Example ContractsClausesCorporate Dissolution or Bankruptcy
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Corporate Dissolution or Bankruptcy. The Human Resources Committee may terminate and liquidate the Plan within twelve (12) months of a corporate dissolution taxed under section 331 of the Code or with the approval of a bankruptcy court pursuant to 11 U.S.C. § 503(b)(1)(A), provided that the RSUs deferred under the Plan are included in Participants’ gross income in the latest of the following years (or if earlier, the taxable year in which the amount is actually or constructively received):

Corporate Dissolution or Bankruptcy. The Employer may terminate and liquidate this Agreement within twelve (12) months of a corporate dissolution taxed under Code Section 331, or with the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that all benefits paid under the Agreement are included in the Executive’s gross income in the latest of: # the calendar year which the termination occurs; # the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or # the first calendar year in which the payment is administratively practicable.

Dissolution. The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: # the written consent of the Member; and # the entry of a decree of dissolution under Section 18-802 of the Act.

Dissolution. Any order, judgment, or decree shall be entered decreeing the dissolution of any Loan Party, and such order, judgment or decree shall remain undischarged or unstayed for a period in excess of 45 days;

Dissolution. No Borrower shall # engage in any dissolution, liquidation, consolidation or merger with or into any other business entity, # engage in any business activity not related to the ownership and operation of any Property, # transfer, lease or sell, in one transaction or any combination of transactions, the assets or all or substantially all of the properties or assets of any Borrower except to the extent permitted by the Loan Documents, # modify, amend, waive or terminate its organizational documents in any material respect or its qualification and good standing in any jurisdiction where such qualification is required for such Borrower to own its assets or conduct its business, or # suffer any Principal or any Guarantor to # dissolve, wind up or liquidate or take any action, or omit to take any action, as a result of which any Principal or any Guarantor would be dissolved, wound up or liquidated in whole or in part, or # amend, modify, waive or terminate the organizational documents of any Principal in any material respect, in each case, without obtaining the prior Approval of the Agent, other than in connection with any Transfer permitted pursuant to [Section 5.2.10] hereof.

Dissolution; Merger. Borrower shall not # wind up, liquidate or dissolve its affairs, # combine, merge or consolidate with or into any other entity, or # purchase or otherwise acquire all or substantially all of the assets of any Person.

Bankruptcy. Tenant or any guarantor of this Lease (or, if Tenant is a partnership or consists of more than one person or entity, any partner of the partnership or such other person or entity) # files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency or other debtors’ relief law of any jurisdiction, # makes an assignment for the benefit of its creditors, # consents to the appointment of a custodian, receiver, trustee or other officer with similar powers with respect to such person or entity or with respect to any substantial part of their respective property, or # takes action for the purpose of any of the foregoing; or

Bankruptcy. As of the date of origination of the related Mortgage Loan and to the Seller’s knowledge as of the Cut-off Date, neither the Mortgaged Property (other than

Bankruptcy. As of the date of origination of the related Mortgage Loan and to the ’s knowledge as of the Cut-off Date, neither the Mortgaged Property (other than

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower, or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under federal or state laws as applicable or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under international, federal or state laws as applicable.

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