Example ContractsClausesDissolution or Liquidation
Dissolution or Liquidation
Dissolution or Liquidation contract clause examples

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.

Liquidation or Dissolution of the Company. In the event of the proposed dissolution or liquidation of the Company, the Option will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee. Additionally, the Committee may, in the exercise of its sole discretion, cause the Option to be vested and non-forfeitable and cause any conditions on the Option to lapse, as to all or any part of the Option, including Shares as to which the Option would not otherwise be exercisable or non-forfeitable and allow the Grantee to exercise the Option within a reasonable period prior to the consummation of such proposed action. Any portion of the Option that remains unexercised upon consummation of such proposed action shall be cancelled.

Dissolution or Liquidation. The dissolution or liquidation of Borrower.

Liquidation. Upon the liquidation, dissolution and winding up of the Corporation, the holder of each share of the Series A Preferred Stock shall be entitled to receive out of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, the sum of One Cent ($0.01) per share, after which the Holders of Series A Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders, each share of Series A Preferred Stock shall be deemed to have been converted into the number of shares of the Corporation’s Common Stock into which that Holder’s Series A Preferred Stock could be converted on the record date for the distribution.

Liquidation. The approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

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.

Upon the dissolution or liquidation of the Company, this Plan shall terminate, and all Grants previously granted shall lapse on the date of such dissolution or liquidation.

adopt or vote to adopt a plan of complete or partial dissolution or liquidation or resolutions providing for or authorizing a liquidation, dissolution, amalgamation, merger, consolidation, restructuring, recapitalization, or other reorganization; or

the liquidation or dissolution of Maker;

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