Dissolution of Trust. (a) The Trust shall dissolve:
Dissolution of Trust. (a) The Trust shall automatically dissolve upon the first to occur of the following events:
Dissolution of Trust. SECTION 8.1
Dissolution of Trust. 41 SECTION 9.02 Liquidation Distribution Upon Termination and Dissolution of the Trust................................42 ARTICLE X. Transfer Of Interests............................................42
Dissolution of Trust. The parties acknowledge that the Trust may be dissolved prior to the end of the Payment Period and that its assets, including its rights and obligations under the Agreement, may be distributed to the beneficiaries of the Trust. At or before the time of such dissolution, each beneficiary of the Trust for itself and its successors, shall appoint an individual as such beneficiary’s agent and attorney-in-fact (the “Beneficiaries’ Representative”), with full power and authority in the name of and for and on behalf of such beneficiary to act on behalf of such beneficiary for purposes of the Agreement. The Beneficiaries’ Representative shall exercise all power and authority granted to or required by Cellatope under the Agreement. The Beneficiaries’ Representative will have full power and authority to act on the beneficiaries’ behalf in any dispute, litigation, arbitration or other matter involving the Agreement. A decision, act, consent or instruction of the Beneficiaries’ Representative shall constitute a decision of all of the Beneficiaries and shall be binding and conclusive on each Beneficiary and their successors. Exagen agrees that following receipt of appropriate documentation and instructions from the trustee of the Trust prior to dissolution of the Trust or, following such dissolution; from the Beneficiaries’ Representative, it will make payments of the Milestone Consideration to the persons and in the respective amounts as instructed by the trustee or the Beneficiaries’ Representative.
Dissolution of Trust. The Trust shall have perpetual existence, except that the Trust shall be dissolved upon the occurrence of a dissolution or termination event pursuant to any other provision of this Declaration of Trust (including Article VIII, Section 2) or the DSTA; provided, however, that any sale, conveyance, assignment, exchange, merger in which the Trust is not the survivor, transfer or other disposition of all or substantially all of the Trust Property of the Trust shall require approval of the principal terms of the transaction and the nature and amount of the consideration by both the Board of Trustees and by Shareholders with not less than seventy-five percent (75%) of the Shares, unless eighty percent (80%) of the Trustees approved such principal terms and consideration, in which case a Vote of a Majority of the Outstanding Voting Securities shall be required. Upon dissolution of the Trust, the Board of Trustees shall (in accordance with Section 3808 of the DSTA) pay or make reasonable provision to pay all claims and obligations of the Trust, including all contingent, conditional or unmatured claims and obligations known to the Trust, and all claims and obligations which are known to the Trust, but for which the identity of the claimant is unknown. If there are sufficient assets held with respect to the Trust, such claims and obligations shall be paid in full and any such provisions for payment shall be made in full. If there are insufficient assets held with respect to the Trust, such claims and obligations shall be paid or provided for according to their priority and, among claims and obligations of equal priority, ratably to the extent of assets available therefor. Any remaining assets (including, without limitation, cash, securities or any combination thereof) held with respect to the Trust shall be distributed to the Shareholders of the Trust ratably according to the number of Shares of the Trust held of record by the several Shareholders on the date for such dissolution distribution; provided, however, that if the Shares of the Trust are divided into Classes thereof, any remaining assets (including, without limitation, cash, securities or any combination thereof) held with respect to the Trust shall be distributed to each Class of the Trust according to the net asset value computed for such Class and, within such particular Class, shall be distributed ratably to the Shareholders of such Class according to the number of Shares of such Class held of record by...
Dissolution of Trust. 20 10.02. No Termination by Grantor or Owner....................................20 10.03.
Dissolution of Trust. (a) The Trust shall dissolve and, after satisfaction of the creditors of the Trust as required by applicable law, property held by the Trust will be distributed to the Grantor or, in the event of a Transfer, to any Owner thirty years from the date of its creation or sooner, at the option and expense, and upon written instruction of the Grantor, but in no event before payment in full of all Series of Transition Bonds.
Dissolution of Trust. The Trust shall have perpetual existence, except that the Trust shall be dissolved:
Dissolution of Trust. In the event that the Trust is dissolved for any reason, all Restricted Newegg Shares shall become Vested Newegg Shares immediately upon the effective date of the of dissolution.
