Time to Dissolve Sample Clauses

The "Time to Dissolve" clause establishes the specific period or conditions under which a partnership, company, or agreement may be formally dissolved. Typically, this clause outlines the exact date, event, or timeframe that triggers dissolution, such as the expiration of a set term, completion of a project, or mutual agreement among parties. By clearly defining when dissolution can occur, this clause provides certainty and helps prevent disputes about the appropriate timing for ending the business relationship or contract.
Time to Dissolve. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to minimize the normal losses attendant upon such liquidation. Each of the Partners during the course of winding up the Partnership affairs and dissolution shall be furnished with a statement prepared by the General Partners which shall set forth the assets and liabilities of the Partnership as of the date of the termination of the Partnership.
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Time to Dissolve. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to minimize the normal losses attendant upon such liquidation. Each of the Members during the course of winding up the Company affairs and dissolution shall be finished with a statement prepared by the Members which shall set forth assets and liabilities of the Company as of the date of the termination of the Company.
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Time to Dissolve. 29 ---------------- 9.07. Date of Termination......................................... 29 ------------------- 9.
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Time to Dissolve. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to minimize the normal losses attendant upon such liquidation. representatives, successors, transferees and assigns. This Section 10.05 does not supersede or modify the provisions of Article Nine of this Agreement.
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Related to Time to Dissolve

  • Payments May Be Paid Prior to Dissolution Nothing contained in this Article Ten or elsewhere in this Indenture shall prevent (i) the Company, except under the conditions described in Sections 10.02 and 10.03, from making payments at any time for the purpose of making payments of principal of and interest on the Notes, or from depositing with the Trustee any moneys for such payments, or (ii) in the absence of actual knowledge by the Trustee that a given payment would be prohibited by Section 10.02 or 10.03, the application by the Trustee of any moneys deposited with it for the purpose of making such payments of principal of, and interest on, the Notes to the Holders entitled thereto unless at least two Business Days prior to the date upon which such payment would otherwise become due and payable a Trust Officer shall have actually received the written notice provided for in the third sentence of Section 10.02(a) or in Section 10.07 (provided that, notwithstanding the foregoing, such application shall otherwise be subject to the provisions of the first sentence of Section 10.02(a), 10.02(b) and Section 10.03

  • Events of Dissolution The Company shall be dissolved and terminated upon the happening of the first to occur of any of the following events: (i) The adoption by a majority of the Managers then in office of a resolution declaring the advisability of the dissolution and termination of the Company, followed by the approval of such resolution by the Majority Interest; (ii) The authorization of the dissolution and termination of the Company by written consent of all of the Members; and (iii) Judicial dissolution pursuant to the Act.

  • No Dissolution Except as required by the Act, the Partnership shall not be dissolved by the admission of additional Partners or withdrawal of Partners in accordance with the terms of this Agreement. The Partnership may be dissolved, liquidated wound up and terminated only pursuant to the provisions of this Article IX, and the Partners hereby irrevocably waive any and all other rights they may have to cause a dissolution of the Partnership or a sale or partition of any or all of the Partnership assets.

  • 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

  • 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.