Net liquidating

The Special Servicer shall also be entitled to additional servicing compensation in the form of a Liquidation Fee (other than with respect to the Outside Serviced Mortgage Loans) payable out of the Liquidation Proceeds prior to the deposit of the Net Liquidation Proceeds in the Collection Account or the Loan Combination Custodial Account, as applicable.Net Liquidation Proceeds means, as to any Liquidated Contract, the proceeds realized on the sale or other disposition of the related Motorcycle, including proceeds realized on the repurchase of such Motorcycle by the originating dealer for breach of warranties, and the proceeds of any insurance relating to such Motorcycle, after payment of all reasonable expenses incurred thereby, together, in all instances, with the expected or actual proceeds of any recourse rights relating to such Contract as well as any post-disposition proceeds or other amounts in respect of a Liquidated Contract received by the Servicer.Net Liquidation Proceeds means, with respect to any Defaulted Loan which is a Pledged Loan and which has not been released from the Lien of this Indenture, the proceeds of the sale, liquidation or other disposition of the Defaulted Loan or the Pledged Assets or other collateral securing such Defaulted Loan, after deduction of costs and expenses as provided in Section 7.5(g).The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts.Subsequently, at the proposal of the person with a legal interest or the petition of the Public Prosecutor’s Office, should it ascertain serious public interest, the court will dissolve the business corporation and order liquidation, if: The dissolution of a business corporation without liquidation is generally understood as its smooth transition to its legal successor - that is the case in the instance of the transformation of legal entities, i.e.

The decisive day is set so as not to precede the day of the filing of a petition to enter the transformation in the Commercial Register by more than 12 months.Thus it represents an out-of-court settlement of the property relations of the dissolved business corporation.In order to minimise the risks related to the dissolution of a company, and above all in order to ensure compliance with the legal conditions related to the protection of the company's creditors and the legal responsibility of the statutory body or shareholders of the company, it is advisable to delegate these matters to solicitors specialising in these matters.This mainly occurs during voluntary liquidations of solvent corporations.First, it is necessary to differentiate two basic terms – dissolution and termination.

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