Dissolution and Liquidation definition

Dissolution and Liquidation as used in paragraph 1, refers to the complete or substantially complete cessation of manufacturing operations, under any ownership. For the purposes of this Amendment to Development Contract agreement, it excludes any change of ownership of the corporation, or any financial reorganization, provided manufacturing operations continue. The capitalized terms used and not otherwise defined herein shall have the same definitions as set forth in the Agreement. Except as expressly provided herein, the Agreement shall remain unmodified and in full force and effect.
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Examples of Dissolution and Liquidation in a sentence

  • Each Member waives and renounces any right that such Person may have prior to Dissolution and Liquidation to institute or maintain any action for partition with respect to any real property owned by the Company.

  • Each Member hereby waives and renounces any right that it might otherwise have prior to Dissolution and Liquidation to institute or maintain any action for partition with respect to any property held by the Company.

  • Each Member waives and renounces any right that it may have prior to Dissolution and Liquidation to institute or maintain any action for partition with respect to any real property held by the Company.

  • Each Member waives and renounces any right that it may have prior to Dissolution and Liquidation to institute or maintain any action for partition with respect to any property held by the Company.

  • Each Member’s indemnification obligations will survive such Member’s ceasing to be a Member of the Company and will survive the Dissolution and Liquidation of the Company.

  • Except as specifically provided in this Agreement, no Member will be entitled to withdraw all or any part of its Capital Contribution from the Company prior to the Company’s Dissolution and Liquidation or, when such withdrawal of capital is permitted, to demand a Distribution of property other than money or as otherwise provided in this Agreement.

  • Except as specifically provided in this Agreement, no Member will be entitled to withdraw all or any part of such Member’s Capital Contribution from the Company prior to the Company’s Dissolution and Liquidation, or, when such withdrawal of capital is permitted, to demand a distribution of property other than money or as otherwise provided in this Agreement.

  • Each Member waives and renounces any ------------------------- right that it may have prior to Dissolution and Liquidation to institute or maintain any action for partition with respect to any property held by the Company.

  • Each Member waives and renounces any right that it may have prior to Dissolution and Liquidation to institute or maintain any action for partition with respect to any property of the Company.

  • Except as specifically provided in this Agreement, no Member will be entitled to withdraw all or any part of its Capital Contribution from the Company prior to the Company's Dissolution and Liquidation or, when such withdrawal of capital is permitted, to demand a Distribution of property other than money or as otherwise provided in this Agreement.