Common use of Liquidation or Dissolution Clause in Contracts

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof, except in connection with the consolidation of such a Covered Person and its assets with another Covered Person and its assets.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof, except in connection with the consolidation of such a Covered Person and its assets with another Covered Person and its assets.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state State Law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof, except in connection with the consolidation of such a Covered Person and its assets with another Covered Person and its assets.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate or limited liability company action in furtherance thereof, except in connection with the merger or consolidation of such a Covered Person and its assets into or with another Covered Person and its assetsassets or in connection with the liquidation or dissolution of a Covered Person if the assets of such Covered Person are distributed to another Covered Person.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof, except in connection with the merger or consolidation of such a Covered Person and its assets into or with another Covered Person and its assetsassets or in connection with the liquidation or dissolution of a Covered Person if the assets of such Covered Person are distributed to another Covered Person.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof; provided, except however, that such actions in connection with furtherance of a plan whereby the consolidation assets of such a Covered Person and its assets with are acquired by another Covered Person and its assetsshall not be an Event of Default.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law law or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof; provided, except in connection with the consolidation of such however, that a Covered Person and its may do any of the above so long as the assets with of such Covered Person are transferred to another Covered Person and its assetsPerson.

Liquidation or Dissolution. A Covered Person files a certificate of dissolution under applicable state Law law or the law of the country in which it is organized or is liquidated or dissolved or suspends or terminates the operation of its business, or has commenced against it any action or proceeding for its liquidation or dissolution or the winding up of its business, or takes any corporate action in furtherance thereof, except in connection with of any of the consolidation of such a Covered Person and its assets with another Covered Person and its assetsforegoing.