Suspension; Dissolution Sample Clauses

Suspension; Dissolution. Borrower shall have voluntarily suspended its business or the dissolution of Borrower.
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Suspension; Dissolution and cancellation of the agreement
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Suspension; Dissolution. 1. Only Burgs Foods may, at its option, fully or partly suspend the performance of the Agreement or dissolve the Agreement in full or in part by written notice without recourse to the courts (with immediate effect and without Burgs Foods being liable for payment of any compensation) in the event that:
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Suspension; Dissolution. The Tenant shall have voluntarily suspended its business or commences (either voluntarily or involuntarily) dissolution of the Tenant.
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Suspension; Dissolution. 1. If the Buyer does not, not adequately, or not timely comply with any obligation under the Agreement concluded with Xxxx Xxxx, or if there is serious doubt as to whether the Buyer is able to fulfil their contractual obligations towards Xxxx Xxxx, Xxxx Xxxx is authorised, without notice of default or judicial intervention, to suspend the execution of any Agreement concluded with the Buyer, or to dissolve it in whole or in part, without being held to any damages and without prejudice to its further entitled rights.
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Suspension; Dissolution. 16.1 Isopartner is authorised, at its discretion, to suspend the performance of the Agreement in full or in part or to dissolve the Agreement in full or in part by a written statement without judicial intervention (and with immediate effect) (without Isopartner being obliged to pay any damages) in the event of: - a failure by the Customer to fulfil one or more of its obligations under the Agreement and/or the General Terms and Conditions, including a failure by the Customer to fulfil one or more of its obligations under one or more subagreements; - a suspension of payments or an application thereof or bankruptcy of the Customer; - placing the Customer under guardianship or administration; - application of the second section of the Dutch Bankruptcy Act (section 369-362) (Court Approval of a Private Composition (Prevention of Insolvency) Act) (Wet Homologatie Onderhands Akkoord) to the Customer; - sale or termination of the Customer's business; - revocation of the Customer's permits necessary for the performance of the Agreement; or - attachment of a significant part of the Customer's business assets.
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Suspension; Dissolution. 1. Only BSRP and the Customer who is a Consumer may suspend the performance of all or part of the Agreement or dissolve all or part of the Agreement by written notice without judicial intervention in the event that: - BSRP or the Customer fails to fulfil any of its obligations under the Agreement and/or these general conditions; - BSRP or the Customer applies for or is granted a suspension of payment or the Customer is declared bankrupt; - BSRP or the Customer is placed under guardianship or administration; - the business of BSRP or the Customer, is sold or liquidated; - any licences required for the performance of the Agreement are revoked; or - any substantial part of the assets of BSRP or the Customer are seized.
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Suspension; Dissolution. 1. Only FoodLogica may, at its option, fully or partly suspend the performance of the Agreement or dissolve the Agreement in full or in part by written notice without recourse to the courts (with immediate effect and without FoodLogica being liable for payment of any compensation) in the event that: ≠ the Customer fails to fulfil any of its obligations under the Agreement and/or these general conditions; ≠ the Customer applies for or is granted a suspension of payments, or applies for or is declared bankrupt; ≠ the Customer is placed under legal guardianship or administration; ≠ the Customer's enterprise is sold or discontinued; ≠ permits which are required for the performance of the Agreement are revoked; or ≠ an attachment is levied on a significant part of the Customer's operating assets.
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Suspension; Dissolution. A Developers shall: (1) have the operation of its business voluntarily or involuntarily suspended by the State of California, (2) voluntarily stops or terminates the operation of its business; or (3) if a Developer is a partnership, the partnership shall have the operation of the partnership voluntarily or involuntarily dissolved, suspended or terminated by the State of California; or (4) if a Developer is a limited liability company, the company shall have the operation of the company voluntarily or involuntarily dissolved, suspended or terminated by the State of California;
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Related to Suspension; Dissolution

  • Dissolution Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

  • NO DISSOLUTION, NO NULLIFICATION To the extent permitted by law, the parties hereby waive their rights pursuant to Articles 6:265 to 6:272 inclusive of the Dutch Civil Code to dissolve (ontbinden), or demand in legal proceedings the dissolution (ontbinding) of, this Agreement. Furthermore, to the extent permitted by law, the parties hereby waive their rights under Article 6:228 of the Dutch Civil Code to nullify (vernietigen), or demand in legal proceedings the nullification (vernietiging) of, this Agreement on the ground of error (dwaling).

  • Dissolution The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following:

  • Dissolution of Entity The Contractor shall notify the County immediately of any intention to discontinue existence of the entity or to bring an action of dissolution.

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Events of Dissolution The Company shall be dissolved upon the happening of any of the following events:

  • Winding Up Upon dissolution of the Company, the Company shall continue solely for the purposes of winding up its business and affairs as soon as reasonably practicable. Promptly after the dissolution of the Company, the Manager shall immediately commence to wind up the affairs of the Company in accordance with the provisions of this Agreement and the Act. In winding up the business and affairs of the Company, the Manager may, to the fullest extent permitted by law, take any and all actions that it determines in its sole discretion to be in the best interests of the Members, including, but not limited to, any actions relating to (i) causing written notice by registered or certified mail of the Company’s intention to dissolve to be mailed to each known creditor of and claimant against the Company, (ii) the payment, settlement or compromise of existing claims against the Company, (iii) the making of reasonable provisions for payment of contingent claims against the Company and (iv) the sale or disposition of the properties and assets of the Company. It is expressly understood and agreed that a reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the satisfaction of claims against the Company so as to enable the Manager to minimize the losses that may result from a liquidation.

  • Winding Up Affairs Upon Termination In the event that this Contract is terminated for any reason, the parties agree that the provisions of this paragraph survive termination:

  • Effect of Dissolution Except as otherwise provided in this Agreement, upon the dissolution of the Company, the Sole Member shall take such actions as may be required pursuant to the Act and shall proceed to wind up, liquidate and terminate the business and affairs of the Company. In connection with such winding up, the Sole Member shall have the authority to liquidate and reduce to cash (to the extent necessary or appropriate) the assets of the Company as promptly as is consistent with obtaining fair value therefor, to apply and distribute the proceeds of such liquidation and any remaining assets in accordance with the provisions of Section 8.3, and to do any and all acts and things authorized by, and in accordance with, the Act and other applicable laws for the purpose of winding up and liquidation.

  • DISTRIBUTIONS AFTER DISSOLUTION Upon dissolution, the Company must pay its debts before distributing cash, assets, or capital to the Members or the Members’ interests. The Members agree that any distributions occurring after the dissolution of the Company will follow the process outlined in this Agreement and Section 00-00-000 of the Act.

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