Dissolution of Borrower Clause Samples

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Dissolution of Borrower. 10 Section 8.8. Misrepresentation . . . . . . . . . . . . . . . . . . . . .10 ARTICLE NINE
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Dissolution of Borrower. In the event of a dissolution or liquidation of BORROWER, while any amount of the Loan, any interest thereon or any other obligations under this Agreement are outstanding (collectively, the “Obligations”), whether such dissolution occurs in connection with the exercise of remedies by LENDER pursuant to Article 8.1 or otherwise, LENDER shall have the right to receive any and all distributions of any assets of BORROWER resulting from such liquidation and/or dissolution until all Obligations owed to LENDER have been satisfied in full, before any distributions of any assets of BORROWER may be made to its members. Any distributions made in connection with the Obligations shall not off-set any other distributions due to LENDER under any other agreement.
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Dissolution of Borrower. The liquidation or dissolution of Borrower.
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Dissolution of Borrower. The dissolution of any Borrower which is a partnership, limited liability company, corporation or other entity, except for a dissolution thereof permitted hereunder.
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Dissolution of Borrower. Borrower shall dissolve, or any Person shall commence any action or proceeding which seeks as one of its remedies the dissolution of Borrower and such action or proceeding is not dismissed within one hundred twenty (120) days.
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Dissolution of Borrower. The dissolution of Borrower or USPA for any reason whatsoever other than as a result of the merger of Borrower or USPA with and into First Command Financial Corporation or any Subsidiary or Affiliate of Borrower or USPA.
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Dissolution of Borrower or failure of the Borrower to maintain its corporate existence except for the discontinuation or cessation of any Subsidiary's existence in the ordinary course of business and which does not result in a Material Adverse Change; or
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Dissolution of Borrower. Upon the occurrence and during the continuance of any of the Events of Default set forth in Section 1 of this Article II, the Lender may pursue any or all of the following remedies hereunder:
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Dissolution of Borrower. Lender may demand repayment of the Loan upon commencement of the dissolution of Borrower. The Loan may be prepaid in whole or in part at any time without penalty. Lender shall maintain a separate Loan Account to record Advances hereunder by Lender to Borrower, it being the intent hereof that all indebtedness of Borrower incurred hereunder on account of Advances shall be governed exclusively by this Agreement.
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Related to Dissolution of Borrower

  • Dissolution of Company The Company shall, subject to the SEC’s‌ approval, dissolve and its assets and business shall be wound up upon the occurrence of any of the following events: (a) unanimous written consent of the Participants to dissolve the Company; (b) an event that makes it unlawful or impossible for the Company business to be continued; (c) the termination of one or more Participants such that there is only one remaining Participant; or (d) the entry of a decree of judicial dissolution under Section 18-802 of the Delaware Act.

  • Liquidation of Company The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus.

  • Dissolution and Liquidation (Check One)

  • Liquidation or Dissolution In the event the Company is liquidated or dissolved, the assets of the Company shall be distributed to the Members in accordance with the provisions of Section 11.

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.