Liquidation Event

Liquidation Event. Shall have the meaning set forth in the Restated Certificate.

Liquidation Event. Shall have the meaning ascribed to it in the Company Operating Agreement.

Liquidation Event. Means the occurrence of a liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary. Neither the sale of all or substantially all of the property or business of the Corporation nor the consolidation or merger of the Corporation with or into any other Person, individually or in a series of transactions, shall be deemed a Liquidation Event.

Liquidation Event. Where (i) the Company or any Company Subsidiary shall make a general assignment for the benefit of creditors or consent to the appointment of a receiver, liquidator, custodian, or similar official of all or substantially all of its properties, or any such official is placed in control of such properties, or the Company or any Company Subsidiary shall commence any action or proceeding or take advantage of or file under any federal or state insolvency statute, including, without limitation, the... United States Bankruptcy Code, seeking to have an order for relief entered with respect to it or seeking adjudication as a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, liquidation, dissolution, administration, a voluntary arrangement, or other relief with respect to it or its debts; or (ii) there shall be commenced against the Company or any Company Subsidiary any action or proceeding of the nature referred to in clause (i) above or seeking issuance of a warrant of attachment, execution, distraint, or similar process against all or any substantial part of its property, which results in the entry of an order for relief which remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii) there is initiated the dissolution or other winding up of the Company or any material Company Subsidiary, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy proceedings; or (iv) there is initiated any assignment for the benefit of creditors or any marshalling of the material assets or material liabilities of the Company or any Company Subsidiary. View More

Liquidation Event. The meaning set forth in Article Four, Part C, Section 6 of the Certificate of Incorporation

Liquidation Event. The (i) institution of any insolvency or bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to the Company, or to its creditors, as such, or to its assets; or (ii) the liquidation, dissolution or other winding up of the Company, whether voluntary (including without limitation by a vote or action of the Managing Member, or members of the Company) or involuntary and whether or not involving insolvency or... bankruptcy proceedings; (iii) any assignment for the benefit of creditors or any marshalling of the material assets or material liabilities of the Company; (iv) the admission, in writing, by the Company of its inability to pay its debts as such debts become due or the failure of the Company generally to pay its debts as they come due; (v) the Company fails to pay the Principal or Interest or any other amounts payable under this Note when the same becomes due and payable; or (vi) the Company fails to pay any other indebtedness of the Company, including, without limitation, any amounts due and owing from time to time to Citizens Bank and/or Cephas. View More

Liquidation Event. (a) the dissolution of Issuer or (b) the merger or consolidation of Issuer with another corporation or entity, the sale or conveyance by Issuer to another corporation or other entity of all or substantially all of the assets of Issuer, or another corporate reorganization of Issuer, in each case in which the stockholders of Issuer immediately prior to such consolidation, merger, reorganization or sale would own capital stock of the entity surviving such merger, consolidation, reorganization or... sale representing less than fifty (50%) percent of the combined voting power of the outstanding securities of such successor (including the entity which acquires all or substantially all of the assets) or combined entity immediately after such consolidation, merger, reorganization or sale. View More

Liquidation Event. Any winding-up or dissolution of the Borrower or any transaction resulting in a transfer of all or substantially all of the assets of the Borrower to the Borrower's creditors

Liquidation Event. Any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary

Liquidation Event. (i) the winding up, liquidation or dissolution of the Company or (ii) the transfer of all or substantially all of the Company's assets