Dissolution and Termination definition

Dissolution and Termination shall be deemed to have occurred upon the earlier of the adoption of a plan of liquidation by the Manager and the Members in accordance with this Agreement or the effective date of dissolution in accordance with the Act.
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Examples of Dissolution and Termination in a sentence

  • Upon the Dissolution and Termination of the Company caused by other than the termination of the Company under Section 708(b)(1)(B) of the Code, the Manager shall proceed to wind up the affairs of the Company.

  • Dissolution and Termination of Trust or Class of Shares 17 Section 3.

  • See "Business Activities - Hospital Contracts" and "Risk Factors - Competition." Loss on Dissolution and Termination.

  • Dissolution and Termination of Trust or Class of Shares 19 Section 3.

  • See "Business Activities - Hospital Contracts"and "Risk Factors - Competition." Loss on Dissolution and Termination.

  • On or before June 30, 2018, Borrowers shall provide Lender with evidence that Helios has been liquidated with any and all assets of Helios being distributed to one or more of the Borrowers and that Borrowers have filed with the State of Minnesota a Notice of Dissolution and Articles of Dissolution and Termination.

  • Under circumstances requiring a return of any Capital Contributions from the Company, no Member has the right to receive property other than cash except as specifically set forth in Section 5.5 (Tax Distributions) and Article XI (Dissolution and Termination).

  • Section 8.1 Dissolution and Termination of Trust..................................................

  • SECTION 8.01 Dissolution and Termination of Trust.......................

  • Section 9.2 Dissolution and Termination of Trust, Series or Class.

Related to Dissolution and Termination

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Dissolution Date means, as the case may be:

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Event of Dissolution shall have the meaning set forth in Section 10.1.

  • Termination or “Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor to the Company or a Parent or Subsidiary of the Company. An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it may deem appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the “Termination Date”).