Dissolution of Holdings Sample Clauses

The Dissolution of Holdings clause outlines the procedures and conditions under which jointly held assets or interests are to be liquidated or divided among parties. Typically, this clause specifies the events that can trigger dissolution, such as mutual agreement, expiration of a term, or occurrence of a specific event, and details the steps for valuing and distributing the holdings. Its core function is to provide a clear and orderly process for unwinding shared ownership, thereby minimizing disputes and ensuring fair allocation of assets when the partnership or joint venture ends.
Dissolution of Holdings. Immediately following the Exchange, and as part of this Reorganization Agreement, Holdings shall dissolve in accordance with Section 275 of the Delaware General Corporation Law. Upon such dissolution, Holdings shall liquidate by distributing all of its assets to its stockholders pursuant to a plan of dissolution and liquidation (the "Plan of Dissolution", attached hereto as Exhibit B).
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Dissolution of Holdings. Holdings shall have transferred to Minserco the Equipment Lease Agreement, dated as of November 7, 2001 between Holdings and BCC Equipment Leasing Corporation and the Limestone Extraction Agreement, dated as of July 2, 2001 (as amended by the First Amendment to Limestone Extraction Agreement, dated September 30, 2002) among Holdings, Bahama Rock Ltd. and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Materials, Inc., distributed its remaining assets to American Industrial Partners Capital Fund II, L.P. and shall have been dissolved;
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Dissolution of Holdings. To the extent ACTV owns any interest in any subsidiaries other than Financing and Holdings, all of such interest in such subsidiaries shall be owned by Holdings or a direct or indirect subsidiary of Holdings so long as any Preferred Shares are outstanding. At such time as there are no Preferred Shares outstanding, ACTV shall not be required to continue the existence of Holdings.
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Dissolution of Holdings. LLC and Distribution of its Assets. Not later than immediately prior to the closing of the Initial Public Offering, Holdings LLC shall, pursuant to the terms and conditions of the LLC Agreement and the Delaware Limited Liability Company Act, dissolve and distribute its assets.
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Related to Dissolution of Holdings

  • 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.

  • 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.

  • 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.

  • Dissolution of Partnership 53 Section 15.2 Return of Capital Contribution upon Dissolution......

  • 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.