Example ContractsClausesDissolution of Jsc
Dissolution of Jsc
Dissolution of Jsc contract clause examples

JSC Decisions. The Joint Steering Committee shall work in good faith ​ on any action, decision or other matter for which it has authority under this Agreement, with each Party having one vote. ​. In the event that the Joint Steering Committee does not agree on any such action, decision or other matter within the scope of its responsibility, ​ shall have the final decision-making authority with respect to such action, decision or other matter.

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. 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. 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.

Within the JSC. Subject to the exceptions specified below in this [Section 4.6(b)], all decisions within the JSC (whether originating there, or referred to it by an operating Committee) will be made by unanimous agreement. If a matter is referred by an operating ​, the ​ will use good faith efforts, in compliance with ​, to resolve promptly such matter. If the ​ is unable to reach unanimous agreement on any issue for which it is responsible, other than those addressed ​, within ​ after a Party affirmatively states that a decision needs to be made, either Party may elect to submit such issue to ​in accordance with ​. Notwithstanding the foregoing:

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.

Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company other than as part of a Change in Control, each Award will terminate immediately prior to the consummation of such action, subject to the ability of the Committee to exercise any discretion authorized in the case of a Change in Control.

Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company.

Dissolution of Partnership. The Partnership shall be dissolved upon the earlier occurrence of any of the following events:

Throughout the Term, at each JSC meeting pursuant to clause 4.4, ACADIA shall update the JSC of progress in the Marketing Authorisations of the Product in the Territory, and Neuren shall provide the JSC updates of progress in the Marketing Authorisations of the Product outside the Territory.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.