Dissolution of Borrower Sample Clauses

Dissolution of Borrower. The liquidation or dissolution of Borrower.
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Dissolution of Borrower. SECTION 2. Upon the occurrence and during the continuance of any of the Events of Default set forth in Section 1 of this Article II, the Lender may pursue any or all of the following remedies hereunder:
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Dissolution of Borrower or failure of the Borrower to maintain its corporate existence except for the discontinuation or cessation of any Subsidiary's existence in the ordinary course of business and which does not result in a Material Adverse Change; or
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Dissolution of Borrower. In the event of a dissolution or liquidation of BORROWER, while any amount of the Loan, any interest thereon or any other obligations under this Agreement are outstanding (collectively, the “Obligations”), whether such dissolution occurs in connection with the exercise of remedies by LENDER pursuant to Article 8.1 or otherwise, LENDER shall have the right to receive any and all distributions of any assets of BORROWER resulting from such liquidation and/or dissolution until all Obligations owed to LENDER have been satisfied in full, before any distributions of any assets of BORROWER may be made to its members. Any distributions made in connection with the Obligations shall not off-set any other distributions due to LENDER under any other agreement.
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Dissolution of Borrower. The dissolution of any Borrower which is a partnership, limited liability company, corporation or other entity, except for a dissolution thereof permitted hereunder.
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Dissolution of Borrower. Lender may demand repayment of the Loan upon commencement of the dissolution of Borrower. The Loan may be prepaid in whole or in part at any time without penalty. Lender shall maintain a separate Loan Account to record Advances hereunder by Lender to Borrower, it being the intent hereof that all indebtedness of Borrower incurred hereunder on account of Advances shall be governed exclusively by this Agreement.
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Dissolution of Borrower. 10 Section 8.8. Misrepresentation . . . . . . . . . . . . . . . . . . . . .10 ARTICLE NINE
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Dissolution of Borrower. The dissolution of Borrower or USPA for any reason whatsoever other than as a result of the merger of Borrower or USPA with and into First Command Financial Corporation or any Subsidiary or Affiliate of Borrower or USPA.
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Related to Dissolution of Borrower

  • Dissolution of Company (a) The Company shall be dissolved, wound up and terminated as provided herein upon the first to occur of the following:

  • Liquidation of 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(s) specified in the Prospectus.

  • Dissolution and Liquidation (Check One)

  • 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.

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Dissolution or Liquidation To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company.

  • Dissolution Liquidation and Termination of the Company 18 Section 11.1 Dissolution 18 Section 11.2 Liquidation and Termination 18 Section 11.3 Payment of Debts 18 Section 11.4 Debts to Members 19 Section 11.5 Remaining Distribution 19 Section 11.6 Reserve 19 Section 11.7 Final Accounting 19 ARTICLE XII MISCELLANEOUS 20 Section 12.1 Relationship of the Parties 20 Section 12.2 Performance by the Company 20 Section 12.3 Agreement for Further Execution 20 Section 12.4 Notices 20 ANNEX A Definitions ANNEX B Representations and Warranties of the Members ANNEX C Employment and Secondment Matters PP Disclosure Schedule GEOSP Disclosure Schedule EXHIBIT 1 Membership Interests EXHIBIT 2 Allocation and Capital Account Provisions EXHIBIT 3 Strategic Plan and 1999 Operating Plan EXHIBIT 4 GE Company Policies EXHIBIT 5 Form of Contribution Agreement EXHIBIT 6 Form of Promissory Note and Security Agreement EXHIBIT 7 Form of GE Trademark and Tradename Agreement EXHIBIT 8 Form of PP Trademark Agreement EXHIBIT 9 Form of Distributor Agreement AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF GE FUEL CELL SYSTEMS, L.L.C. A Delaware Limited Liability Company THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this "LLC Agreement") is made and entered into on the 3rd day of February, 1999, by and between GE ON-SITE POWER, INC., a Delaware corporation ("GEOSP"), a wholly owned subsidiary of GENERAL ELECTRIC COMPANY ("GE"), which is controlled by GE's Power Systems business ("GEPS"), having offices at Xxx Xxxxx Xxxx, Xxxxxxxxxxx, Xxx Xxxx 00000, and PLUG POWER, L.L.C., a Delaware limited liability company ("PP"), having offices at 000 Xxxxxx-Xxxxxx Xxxx, Xxxxxx, New York 12110 (GEOSP and PP, collectively the "Members" and each individually, a "Member"), to join together to operate a limited liability company under the laws of the State of Delaware for the purposes and upon the terms and conditions set forth in this LLC Agreement.

  • Dissolution of the Company The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:

  • Dissolution and Winding Up of the Company Dissolution. The Company will be dissolved on the happening of any of the following events: Sale, transfer, or other disposition of all or substantially all of the property of the Company; The agreement of all of the Members; By operation of law; or The death, incompetence, expulsion, or bankruptcy of a Member, or the occurrence of any event that terminates the continued membership of a Member in the Company, unless there are then remaining at least the minimum number of Members required by law and all of the remaining Members, within 120 days after the date of the event, elect to continue the business of the Company.

  • Dissolution, etc Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or suffer any proceedings seeking any such winding up, liquidation or dissolution, except in connection with a merger or consolidation permitted pursuant to Section 10.8.

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