Dissolution, etc Sample Clauses
The 'Dissolution, etc' clause defines the circumstances and procedures under which a company or partnership may be dissolved or terminated. It typically outlines the events that can trigger dissolution, such as mutual agreement, insolvency, or the expiration of a fixed term, and may specify the steps for winding up affairs, distributing assets, and settling liabilities. This clause ensures that all parties understand the process for ending the business relationship and provides a clear framework for handling the legal and financial consequences of dissolution.
Dissolution, etc. Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except in connection with a merger or consolidation permitted pursuant to Section 10.8.
Dissolution, etc. Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except (a) in connection with a merger or consolidation permitted pursuant to Section 7.4 or (b) that any Excluded Subsidiary may dissolve itself in accordance with Applicable Law.
Dissolution, etc. 90 10.14 Limitations on Sales and Leasebacks .................................................................90 10.15
Dissolution, etc. The Borrower will not, and will not permit any Restricted Subsidiary to, wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except, in the case of a Restricted Subsidiary, as permitted under Section 6.05.
Dissolution, etc. (i) Any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing the dissolution of such Loan Party or such Significant Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 days; or
(ii) any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing a split-up of such Loan Party or such Significant Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Subsidiary whose assets represent a substantial part of Consolidated Total Assets or (B) assets or the stock of or other ownership interest in a Significant Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 days; or
Dissolution, etc. The Borrower will not, and will not permit any of its Subsidiaries to, dissolve or liquidate, either in whole or in part, except (i) to the extent permitted by Section 9.02(a) and (ii) inactive Subsidiaries of the Borrower (i.e., Subsidiaries of the Borrower that do not conduct business other than that related solely to its existence and governance) may be dissolved or liquidated from time to time so long as (x) no Specified Default or Event of Default then exists or would result therefrom and (y) the Borrower determines that such dissolution or liquidation is not adverse to the interests of the Lenders.
Dissolution, etc. Not wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution.
Dissolution, etc. 90 10.13. Limitations on Sales and Leasebacks............................................................90 10.14. Rate Hedging Obligations.......................................................................90 10.15.
Dissolution, etc. Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except in connection with a transaction permitted pursuant to Section 8.7;
Dissolution, etc. 80 8.14. Limitations on Sales and Leasebacks................................... 80 8.15. Change in Control..................................................... 80 8.16. Rate Hedging Obligations.............................................. 80 8.17. Negative Pledge Clauses............................................... 80 8.18. Prepayments, Etc. of Indebtedness..................................... 81 ARTICLE IX Events of Default and Acceleration