Dissolution of Entity Clause Samples
The Dissolution of Entity clause outlines the procedures and conditions under which a business entity may be formally dissolved or terminated. It typically specifies the events that can trigger dissolution, such as unanimous agreement of members, expiration of a set term, or occurrence of certain events, and details the steps for winding up affairs, including settling debts and distributing remaining assets. This clause ensures that there is a clear, orderly process for ending the entity’s existence, thereby minimizing disputes and protecting the interests of stakeholders.
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 of Entity. The Contractor shall notify CDA immediately of any intention to discontinue existence of the entity or to bring an action for dissolution.
Dissolution of Entity. Subrecipient shall notify County immediately of any intention to discontinue its existence or bring an action for dissolution.
Dissolution of Entity. SUBRECIPIENT shall notify COUNTY immediately of any intention to discontinue its existence or bring an action for dissolution.
Dissolution of Entity. The Contractor shall notify the K/T AAA immediately of any intention to discontinue existence of the entity or to bring an action for dissolution.
Dissolution of Entity. The AAA shall notify CDA immediately of any intention to discontinue existence of the entity or to bring an action for dissolution.
Dissolution of Entity. The Contractor shall notify CDA immediately of any intention to discontinue existence of the entity or to bring an action for dissolution.
A. No amendment or variation of the terms of this Agreement shall be valid unless made in writing, signed and approved through the State amendment process in accordance with the State Contract Manual. No oral understanding or agreement not incorporated in this Agreement is binding on any of the parties.
B. The State reserves the right to revise, waive, or modify the Agreement to reflect any restrictions, limitations, or conditions enacted by Congress or the Legislature or as directed by the Executive Branch of State government.
Dissolution of Entity. The FUNDED PARTNER shall notify A4AA immediately of any intention to discontinue existence of the entity or to bring an action for dissolution.
Dissolution of Entity. In the event that INVEST dissolves, it must pay any and all money or transfer its assets to HRSA or upon HRSA’s direction exercise its best efforts and cooperation to ensure an orderly and efficient transition to any HRSA designated successor.
Dissolution of Entity. The Service Provider shall notify RCOoA immediately of any intention to discontinue existence of the entity or to bring an action for dissolution.