Common use of WINDING Clause in Contracts

WINDING. UP IF THE COMPANY IS WOUND UP, THEN, SUBJECT TO APPLICABLE LAW AND TO THE RIGHTS OF THE HOLDERS OF SHARES WITH SPECIAL RIGHTS UPON WINDING UP, THE ASSETS OF THE COMPANY AVAILABLE FOR DISTRIBUTION AMONG THE SHAREHOLDERS SHALL BE DISTRIBUTED TO THEM IN PROPORTION TO THE NOMINAL VALUE OF THEIR RESPECTIVE HOLDINGS OF THE SHARES IN RESPECT OF WHICH SUCH DISTRIBUTION IS BEING MADE.

Appears in 2 contracts

Sources: Articles of Association (Otonomo Technologies Ltd.), Articles of Association (Otonomo Technologies Ltd.)