Liquidation of the Fund Sample Clauses

Liquidation of the Fund. (a) The Fund may not be liquidated except by decision of the Board of Governors. In an emergency, if the Executive Directors decide that liquidation of the Fund may be necessary, they may temporarily suspend all transactions, pending decision by the Board.
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Liquidation of the Fund. On dissolution of the Fund, the Board of Directors shall have full power and authority to liquidate and distribute (in cash or in kind) the net assets of the Fund to the Investors in accordance with SECTION 5.10. Any such distribution shall be made solely from the Fund's assets. Each Investor shall be furnished with a statement which shall set forth the assets and liabilities of the Fund as at the date of complete liquidation, and each Investor's share thereof. Following the distribution of the Fund's assets, the Investors shall cease to be such, and a certificate of cancellation for the Fund shall be filed with the State of Delaware.
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Liquidation of the Fund. Article Forty:
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Liquidation of the Fund. At the Effective Time of the Reorganization, the Fund will liquidate and the UAM Xxxxxxx Shares (both full and fractional) received by the Fund will be distributed to the shareholders of record as of the Effective Time of the Reorganization of the Fund in exchange for their respective Acquired Fund Shares. Each shareholder of the Fund shall receive a number of UAM Xxxxxxx Shares of the corresponding class equal to the number of Acquired Fund Shares of the particular class held by that shareholder at the Effective Time of the Reorganization. UAM Trust shall establish an open account on the share records of the UAM Xxxxxxx Portfolio in the name of each shareholder of the Fund and representing the respective number of UAM Xxxxxxx Shares of each class due such shareholder. At the Effective Time of the Reorganization, the net asset value per share of each class of the UAM Xxxxxxx Portfolio shall be deemed to be the same as the net asset value per share of each corresponding class of the Fund. As soon as practicable after the Effective Time of the Reorganization, the Xxxxxxx Trust shall take, in accordance with Massachusetts law, all steps as shall be necessary and proper to effect a complete dissolution and deregistration of the Xxxxxxx Trust.
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Liquidation of the Fund. Immediately following the exchange of the Common Fund's Assets for Shares of the Portfolio at the Transfer Time (the "Exchange"), Firstar shall distribute the Shares to the Accounts in complete liquidation of their respective interests in the Common Fund. The Shares so distributed from the Common Fund will be allocated to each Account on a pro rata basis in accordance with its proportionate interest in the Common Fund immediately before the Exchange.
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Liquidation of the Fund. 21 ARTICLE 9 -
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Liquidation of the Fund. On dissolution of the Fund, the Board of Directors shall have full power and authority to liquidate and distribute (in cash or in kind) the net assets of the Fund to the Investors in accordance with SECTION 5.10. Any such distribution shall be made solely from the Fund's
Sample 1
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Liquidation of the Fund. On dissolution of the Fund, the Board of Directors shall have full power and authority to liquidate and distribute (in cash or in kind) the Net Assets of the Fund to the Investors in accordance with Section 5.9. Any such distribution shall be made solely from the Fund's assets. Each Investor shall be furnished with a statement which shall set forth the assets and liabilities of the Fund as at the date of complete liquidation, and each Investor's share thereof. Following the payment or discharge, or the making of reasonable provision for the payment or discharge, of the Fund's liabilities (including contingent liabilities), and the distribution of the Fund's assets, the Investors shall cease to be such, and a certificate of cancellation for the Fund shall be filed with the office of the Secretary of State of the State of Delaware.
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Liquidation of the Fund a) The Fund shall be liquidated in the event of the expiry or cessation of this Agreement by the progress of time or any other cause, and if no subsequent Agreement is negotiated for continued operation of the Fund, or if said Fund is not transferred by the Council, within 12 months from the date of expiry of the Agreement, to any other Fund formed for the same purpose.
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Related to Liquidation of the Fund

  • Liquidation of the 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 specified in the Prospectus.

  • Liquidation etc As long as the Class B Distribution and Service Plan is in effect, the Series shall not change the manner in which the Distribution Fee is computed (except as may be required by a change in applicable law after the date hereof) or adopt a plan of liquidation without the consent of the Distributor (or any designee or transferee of the Distributor's rights to receive payment hereunder in respect of Class B shares) except in circumstances where a surviving entity or transferee of the Series' assets adopts the Class B Distribution and Service Plan and assumes the obligations of the Series to make payments to the Distributor (or its transferee) hereunder in respect of Class B shares.

  • Liquidation Event 22- Liquidation Proceeds................................................................-22- Loan-to-Value Ratio.................................................................-22-

  • Liquidation and Winding Up In the event of dissolution, the Company shall be wound up and its assets liquidated. In connection with the dissolution and winding up of the Company, the Member or such other person designated by the Member shall proceed with the sale, exchange or liquidation of all of the assets of the Company, and shall conduct only such other activities as are necessary to wind up the Company’s affairs, and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act.

  • 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.

  • 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.

  • Winding Up and Liquidation (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the Managers, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.

  • Dissolution Termination and Liquidation 30 Section 8.1. Dissolution and Termination 30 Section 8.2. Liquidator 30 Section 8.3. Liquidation of the Company 31 Section 8.4. Cancellation of Certificate of Formation 32 Section 8.5. Return of Contributions 32 Section 8.6. Waiver of Partition 32 ARTICLE IX AMENDMENT OF AGREEMENT 32 Section 9.1. General 32 Section 9.2. Super-Majority Amendments 33 Section 9.3. Amendments to be Adopted Solely by the Manager 33 Section 9.4. Certain Amendment Requirements 34

  • Dissolution and Liquidation (Check One)

  • Liquidation The approval by the shareholders of the Company of a complete liquidation of the Company or an agreement or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s current receivables or escrows due (or, if such approval is not required, the decision by the Board to proceed with such a liquidation, sale, or disposition in one transaction or a series of related transactions); or

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