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.
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 Holders of the outstanding shares of the Series C 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, an amount in cash equal to the Series C Liquidation Preference, to be allocated among the Holders of Series C Preferred Stock on a per share basis, after which the Holders of Series C Preferred Stock shall have no further participation in the distribution of net assets. The "Series C Liquidation Preference" shall equal the sum of # five percent (5%) of the net assets of the Corporation available for distribution, multiplied by # a fraction, the numerator of which is the number of outstanding shares of Series C Preferred Stock and the denominator of which is Thirty Thousand (30,000).
Liquidation. Notwithstanding anything to the contrary in the main part of the Partnership Agreement with respect to the return on capital contributions, distributions or other rights or preferences as to any Partnership Interests, including as to the liquidation, dissolution or winding up of the Partnership:
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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