Reasons for Dissolution of the Company Clause Samples

Reasons for Dissolution of the Company. (a). (a) a Party is unable to carry out any of its material obligations under this Agreement as a result of the occurrence of a force majeure event and if such force majeure event continues for a period of six (6) months or more, causing thereby the rescission of this Agreement; (b) the business license of the Company has been revoked, or the Company is ordered to close down or is banned according to law; (c) a Party terminates this Agreement pursuant to this Agreement; or (d) when another reason for dissolution or early termination of the Company as required by applicable Laws and Regulations of the PRC or as specified in the Articles of Association of the Company or as resolved by the shareholders’ meeting of the Company arises. Upon occurrence of any of the events enumerated above, the shareholders’ meeting shall hold a meeting to discuss the dissolution of the Company within thirty (30) days following its receipt of a meeting request from a Party. The Parties shall discuss and use their best efforts to reach a solution acceptable to the Parties at the meeting; if no solution is reached, the Parties shall proceed with the dissolution of the Company in accordance with Laws and Regulations.
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Related to Reasons for Dissolution of the Company

  • Dissolution of the Company The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur: (a) upon the written direction of the Member; or (b) the expiration of the term of the Company as provided in Section 2.5 hereof.

  • Dissolution and Termination of the Company 20 Section 12.1. Dissolution.................................................20 Section 12.2. Liquidation.................................................20 Section 12.3. Time for Liquidation, etc...................................21 Section 12.4. Claims of the Members.......................................21

  • Dissolution Liquidation and Termination of the Company Section 8.1 Events Causing Dissolution. -------------------------- The Company shall dissolve upon and its affairs shall be wound up after the happening of any of the following events: 8.1.1 the Consent of all of the Members; 8.1.2 the sale or other disposition by the Company of all or substantially all of its assets; or 8.1.3 the entry of a decree of judicial dissolution under Section 18-802 of the Act.

  • Liquidation of the 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 specified in the Prospectus.

  • 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.