Intention to Dissolve Clause Samples

The intention-to-dissolve clause outlines the process by which a party formally notifies others of its decision to dissolve a partnership, company, or agreement. Typically, this clause requires written notice to be provided within a specified timeframe and may detail the steps that follow, such as winding up affairs or distributing assets. Its core function is to ensure all parties are aware of impending dissolution, providing a clear and orderly procedure to prevent misunderstandings and disputes during the termination process.
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Intention to Dissolve. The Partners now intend to dissolve the Partnership and liquidate its affairs pursuant to a plan by which the Partners sell all of the assets of the Partnership and distribute to the Partners any proceeds remaining after the payment of all liabilities of the Partnership.
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Intention to Dissolve. The Partners now intend to dissolve the Partnership pursuant to a plan outlined below and agreed to by all Partners named in this agreement: 1) The initial buy-in of $10,000 shall be returned to ▇▇▇▇▇ and Borca ▇▇▇▇▇▇ via certified funds within 15 days (or less) from signing of this agreement. In addition, Lionel and ▇▇▇▇▇▇▇ ▇▇▇▇▇ will return a black foldable table and pictures of ▇▇▇▇▇ ▇▇▇▇▇▇ and homes from MO. These pictures are not to be used in any fashion by Lion Services, Inc. and will remain the property of ▇▇▇▇▇ and Borca ▇▇▇▇▇▇. This agreement will immediately upon signing (or the following business day) be recoded with the State of NJ Licensing Office. 2) ▇▇▇▇▇ and Borca ▇▇▇▇▇▇ will return to Lion Services, Inc. any printed materials and LSI logo imprinted clothing, checks printed for TD Bank accounts and PayPal credit card reader. 3) As in the initial operating agreement dated 11/21/2012, Lionel and ▇▇▇▇▇▇▇ ▇▇▇▇▇ retain 100% rights to Lion Services, Inc., including all debts incurred, all leases signed, all utilities, phones/bills, licensing and insurance debts and liabilities, tax debts and liabilities are to remain the responsibility of Lion Services, Inc. hereto represented by ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇. ▇▇▇▇▇ and Borca ▇▇▇▇▇▇ are hereby released of any such liability. 4) ▇▇▇▇▇ and Borca ▇▇▇▇▇▇ are not to acquire any debts under the name Lion Services, Inc., or represent Lion Services Inc., not to contact any customers or would be customers, contractors or would be contractors, vendors or would be vendors or any other possible associates. Furthermore it is disclosed to ▇▇▇▇▇ and Borca ▇▇▇▇▇▇, Defamation is a crime in Colorado (Colorado Revised Statutes, § 18-13-105) 6th degree felony, the home state of Lion Services, Inc. Defamation is described as follows: defamation noun abuse, aspersion, calumniation, calumny, denigration, derogation, detraction, di sparagement, disrepute, false accusation, false publication, falsereport, imputation, infamy, insinuation, invective, libel, obloquy, scandal, slander , slur, smear, smirch, traducement,untruth Associated concepts: defamation against title, defamation of business or profession, defamation of character, defamation per quod, defamation per se, defamatory publication, defamatory upon its face, defamatory words, injury to character or reputation, injury to profession or business.
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Related to Intention to Dissolve

  • Early Dissolution 33 Section 9.03. Termination..................................................................................33 Section 9.04. Liquidation..................................................................................33 Section 9.05. Mergers, Consolidations, Amalgamations or Replacements of the Trust..........................35 ARTICLE X

  • Addition of Trust as Party to Distribution Agreement Pursuant to Section 1 of the Distribution Agreement, each of the undersigned parties hereby acknowledges and agrees that the Trust, upon execution hereof by the Trust and the other parties to the Distribution Agreement (other than any other trusts organized in connection with the Registration Statement that are party thereto as of the date hereof), shall become a Trust for purposes of the Distribution Agreement in accordance with the terms thereof, in respect of the Notes, with all the authority, rights, powers, duties and obligations of a Trust under the Distribution Agreement. The Trust confirms that any agreement, covenant, acknowledgment, representation or warranty under the Distribution Agreement applicable to the Trust is made by the Trust at the date hereof, unless another time or times are specified in the Distribution Agreement, in which case such agreement, covenant, acknowledgment, representation or warranty shall be deemed to be confirmed by the Trust at such specified time or times.

  • Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner. (b) Following the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Limited Partners, within 90 days after such occurrence, may elect to continue the business of the Partnership for the balance of the term specified in Section 2.4 hereof by selecting, subject to Section 7.2 hereof and any other provisions of this Agreement, a substitute General Partner by consent of a majority in interest of the Limited Partners. If the Limited Partners elect to continue the business of the Partnership and admit a substitute General Partner, the relationship with the Partners and of any Person who has acquired an interest of a Partner in the Partnership shall be governed by this Agreement.

  • Notice of Dissolution In the event a Liquidating Event occurs or an event occurs that would, but for the provisions of an election or objection by one or more Partners pursuant to Section 13.1, result in a dissolution of the Partnership, the General Partner shall, within thirty (30) days thereafter, provide written notice thereof to each of the Partners.

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits: