Common use of Distribution of Assets Upon Liquidation Clause in Contracts

Distribution of Assets Upon Liquidation. 18.1 In the event that the Joint Venture is liquidated at any time, the Joint Venture assets shall be distributed by the Joint Venture to the Participants on such liquidation, in accordance with the provisions set out in this clause.

Appears in 2 contracts

Samples: Heads of Agreement (Platinum Group Metals LTD), Platinum Group Metals LTD

AutoNDA by SimpleDocs

Distribution of Assets Upon Liquidation. 18.1 16.1 In the event that the Joint Venture is liquidated at any time, the Joint Venture assets shall be distributed by the Joint Venture to the Participants on such liquidation, in accordance with the provisions set out in this clause.

Appears in 2 contracts

Samples: Joint Venture Agreement (Anooraq Resources Corp), Joint Venture Agreement (Anooraq Resources Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.