Dissolution of the Corporation. The Corporation shall terminate this Agreement and pay severance benefits described in Section 4 to Executive in a lump sum within twelve (12) months of a corporate dissolution, or with the approval of a bankruptcy court (if subject to its jurisdiction), provided that such severance benefits are included in the Executive’s gross income in the latest of: (a) the calendar year in which the Agreement termination and liquidation occurs; or (b) the first calendar year in which payment is administratively practicable.
Dissolution of the Corporation. Resolution for Dissolution Article 60 - Should, for any reason whatsoever, the dissolution and liquidation of the Bank become necessary, an Extraordinary General Assembly shall be convened to resolve upon the matter. Formalities to be carried out following the resolution to dissolve shall be governed by the provisions of the Turkish Commercial Code. Liquidation Officers
Dissolution of the Corporation. In the event of the total or partial liquidation or dissolution of the Corporation, whether voluntary or involuntary, the monies, securities, proceeds, rights or property received by the Trustee in respect of the Shares deposited under this Agreement shall be distributed among the record owners of the trust certificates issued in respect of such Shares in proportion to their interests, less the deductions as hereinbefore provided.
Dissolution of the Corporation. In the event of the dissolution of the Corporation at any time and for any reason, the Assembly shall determine the method of liquidation and shall name one or more liquidators, specifying their powers.
Dissolution of the Corporation. In the event of the dissolution or liquidation of the Corporation, whether voluntary or involuntary, or any other return of capital to the holders of securities of the Corporation, the Trustee shall receive the moneys, securities, rights or property to which the holders of the Restricted Securities held hereunder are entitled, and shall distribute the same among the registered holders of the Voting Trust Certificates ratably in accordance with their respective number of Beneficial Shares then outstanding, or the Trustee may in his discretion deposit such moneys, securities, rights or property with any bank or trust company doing business in the United States, with authority and instructions to distribute the same as above provided, and upon such deposit all further obligations or liabilities of the Trustee in respect of such moneys, securities, rights or property so deposited shall terminate.
Dissolution of the Corporation. (A) Seeking the liquidation, reorganization, dissolution or winding-up of the Corporation, (B) applying for or consenting to the appointment of, or the taking possession by, a receiver, custodian, trustee or liquidator for itself or of all or a substantial part of the Corporation's assets, (C) make a general assignment for the benefit of the Corporation's creditors, (D) commencing a voluntary case under the United States' Bankruptcy Code;
Dissolution of the Corporation. Within a reasonable time after the closing of the Reorganization, the Corporation shall terminate its operations. Subsequently, the Corporation shall be dissolved and shall execute and file articles of dissolution with the Iowa Secretary of State.
Dissolution of the Corporation. In the event of the dissolution or total or partial liquidation of the Corporation, whether voluntary or involuntary, the Trustee shall receive the moneys, securities, rights or property to which the holder of the Shares is entitled and shall distribute the same to the registered holders of the Voting Trust Certificates in accordance with the interest, as shown on the books of the Trustee, or the Trustee may in its discretion deposit such moneys, securities, rights or property with any bank or trust company doing business in New York, New York, with authority and instructions to distribute the same as above, and upon such deposit, all further obligations or liabilities of the Trustee in respect of such moneys, securities, rights or property so deposited shall cease.
Dissolution of the Corporation. As soon as reasonably practicable after distribution of the shares of the New Small Cap pursuant to Section 1, all outstanding shares of the Corporation shall be redeemed in accordance with Maryland law and the Charter of the Corporation as soon as practicable thereafter, but in all events within six months after the distribution, the Corporation shall be dissolved, and any further actions shall be taken in connection therewith as required by applicable law.
Dissolution of the Corporation. In the event of the dissolution or ------------------------------ liquidation of the Corporation, whether voluntary or involuntary, or any other return of capital to the holders of securities of the Corporation, the Trustees shall receive the moneys, securities, rights or property to which the holders of the Restricted Securities held hereunder are entitled, and shall distribute the same among the registered holders of the Voting Trust Certificates ratably in accordance with their Beneficial Shares then outstanding, or the Trustees may in their discretion deposit such moneys, securities, rights or property with any bank or trust company doing business in the United States, with authority and instructions to distribute the same as above provided, and upon such deposit all further obligations or liabilities of the Trustees in respect of such moneys, securities, rights or property so deposited shall terminate.
