Events Triggering Dissolution. If an event described in Sections 15.1 (a), (b), (c), (e), (f) or (g) occurs, the Shareholders shall effect a liquidation of the Company as promptly as possible and the Company shall immediately commence to wind up its affairs. Nothing in this Article 16 shall relieve a Shareholder who has breached this Agreement from its liability for damages incurred by the other Shareholder due to such breach.
Appears in 2 contracts
Sources: Joint Venture Agreement (Pharmacopeia Inc), Joint Venture Agreement (Molecular Simulations Inc)