Common use of Dissolution of the District Clause in Contracts

Dissolution of the District. a. If the District is dissolved for any reason prior to the Full Purpose Annexation Date, this Agreement shall automatically terminate and the City shall have the right to accelerate the Full Purpose Annexation Date without restriction. b. If the District is dissolved, the Board of Directors for the District shall continue to exist after the dissolution for the sole purpose of doing any and all acts or things necessary to transfer the assets, obligations, indebtedness, and liabilities to the City.

Dissolution of the District. a. (a) If the District is dissolved for any reason prior to the Full Full-Purpose Annexation Date, this Agreement SPA shall automatically terminate and the City shall have the right to accelerate the Full Full-Purpose Annexation Date without restriction. b. (b) If the District is dissolved, the Board of Directors for the District shall continue to exist after the dissolution for the sole purpose of doing any and all acts or things necessary to transfer the assets, obligations, indebtedness, and liabilities to the City.

Dissolution of the District. a. (a) If the District is dissolved for any reason prior to the Full Purpose Annexation Date, this Agreement SPA shall automatically terminate and the City shall have the right to accelerate the Full Purpose Annexation Date without restriction. b. (b) If the District is dissolved, the Board of Directors for the District shall continue to exist after the dissolution for the sole purpose of doing any and all acts or things necessary to transfer the assets, obligations, indebtedness, and liabilities to the City.