Winding-Up

Winding-Up. Means the making of an order or the passing of a resolution for the winding-up of Borrower for any purpose whatsoever; provided, however, that any recapitalization or other transaction or series of related transactions or arrangements in which the stockholders of Borrower immediately prior to the transaction own 50.1% or more of the voting stock of the surviving corporation or parent of the surviving corporation following such transaction (taking into account only stock of Borrower held by such... stockholders prior to the transaction) shall not be considered a Winding-Up. View More