Liquidation Event

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

Liquidation Event. The occurrence of (a) a liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary, (b) an Event of Material Default that shall (i) not have been cured or waived within thirty (30) days or (ii) not have been cured or waived and shall have resulted in any payment pursuant to the Credit Facility becoming due and payable prior to its scheduled maturity, whether by acceleration or otherwise, or (c) an Event of Default that shall not have been cured or... waived and shall have resulted in any payment pursuant to the Credit Agreement becoming due and payable prior to its scheduled maturity, whether by acceleration or otherwise View More

Liquidation Event. Shall have the meaning given to such term in the Restated Certificate

Liquidation Event. Means any of the following: (i) any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary, (ii) any merger or consolidation in which the Corporation is a constituent party or a Significant Subsidiary is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation such that the stockholders of the Company prior to such merger or consolidation hold less than 50.0% of the aggregate voting securities of the... Company following such merger or consolidation, or (iii) any sale of all or substantially all of the assets or capital stock of the Corporation or one or more Significant Subsidiaries if substantially all of the assets of the Corporation are held by such Significant Subsidiary or Significant Subsidiaries. View More

Liquidation Event. (x) the closing of a merger, reorganization, tender offer or similar transaction involving the Company or its securities with or into another entity in which the holders of voting securities of the Company immediately prior to such transaction will hold less than 50% of the voting securities of the surviving entity immediately following such transaction as a result of shares held prior to such transaction and (y) the closing of a sale of all or substantially all of the assets of the Company.

Liquidation Event. The same meaning for such term as set forth in the Company's Amended and Restated Certificate of Incorporation, as may be amended from time to time