Appointment of Liquidator. Upon the Company’s dissolution, the Member will appoint a liquidator, who may but need not be the Member. The liquidator will wind up and liquidate the Company in an orderly, prudent and expeditious manner in accordance with this Article 6.02.
Appointment of Liquidator. Upon the LLC’s dissolution, the Manager (unless unwilling or unable to serve as such) shall serve as liquidator, and as such will wind up and liquidate the LLC in an orderly, prudent and expeditious manner in accordance with the following provisions of this Article. While serving as liquidator, the Manager shall have the same authority, powers, duties and compensation as before dissolution, except that the liquidator shall not acquire any additional assets for the LLC, and shall use its best efforts to liquidate the LLC’s existing assets as rapidly as is consistent with receiving the fair market value thereof. If the Manager is unwilling or unable to serve as liquidator, or has resigned or been removed, the Members shall elect another person, who may be a Member, to serve as liquidator.
Appointment of Liquidator. Upon dissolution of the Company or termination of any Series, the Manager (unless unwilling or unable to serve as such) shall serve as liquidator, and as such will wind up and liquidate the Company (or a Series) in an orderly, prudent, and expeditious manner, in accordance with the following provisions of this Article. While serving as liquidator, the Manager shall have the same authority, powers, duties, and compensation as before dissolution, except that the liquidator shall not acquire any additional assets for the Company (or the Series), and shall use its best efforts to liquidate the Company’s (or Series’) existing assets as rapidly as is consistent with receiving the fair market value thereof. If the Manager is unwilling or unable to serve as liquidator, or has resigned or been removed, the Members shall elect another person, who may be a Member, to serve as liquidator.
Appointment of Liquidator. Upon dissolution of the Company, the Members shall designate a Person (which may be a Member) to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided in this Agreement and pursuant to the Act. The costs and expenses of liquidation shall be the costs and expenses of the Company. From the date of dissolution until the final distribution, the liquidator shall operate the Company with all requisite power and authority, subject to the power of the Members to remove and replace such liquidator.
Appointment of Liquidator. Upon the Partnership's dissolution, the General Partner (unless unwilling or unable to serve as such) shall serve as liquidator, and as such will wind up and liquidate the Partnership in an orderly, prudent and expeditious manner in accordance with the following provisions of this Article. While serving as liquidator, the General Partner shall have the same authority, powers, duties and compensation as before dissolution, except that the liquidator shall not acquire any additional assets for the Partnership, and shall use its best efforts to liquidate the Partnership's existing assets as rapidly as is consistent with receiving the fair market value thereof. If the General Partner is unwilling or unable to serve as liquidator, or has resigned or been removed, the Limited Partners shall elect another person, who may be a Limited Partner, to serve as liquidator.
Appointment of Liquidator. A liquidator for the purposes of this clause 26 may only be appointed by a Special Resolution of the Shareholders
Appointment of Liquidator. The Guarantor hereby agrees to indemnify and keep indemnified the Lessor against all losses, claims, costs, expenses, damages or obligations, direct or indirect, sustained or incurred by the Lessor in consequence of any disclaimer of this Lease by a Liquidator of the Lessee for the residue of the term which would have remained if there had been no disclaimer;
Appointment of Liquidator. The winding up of the Company’s affairs shall be supervised by a Liquidator. The Liquidator shall be the Member or, if the Member prefers, a liquidator or liquidating committee selected by the Member.
Appointment of Liquidator. (a) If the Partnership is dissolved for any reason, then, subject to Section 12.2(b) hereof, the General Partner shall act as Liquidator.
(b) In the event that the dissolution is caused by the occurrence of an event of withdrawal by the General Partner described in Section 12.1(a)(v) hereof, or the wrongful dissolution of the Partnership by the General Partner, then such Person or Persons as are selected by a Majority in Interest of the Limited Partners shall act as Liquidator.
(c) Within thirty (30) days after the death, dissolution, removal or resignation of the Liquidator appointed pursuant to the foregoing provisions of this Section 12.2, a successor Liquidator (who shall have and succeed to all the rights, powers and duties of the original Liquidator) shall be appointed by a Majority in Interest of the Limited Partners. The right to appoint a successor Liquidator in the manner provided herein shall be recurring and continuing for so long as the functions and services of the Liquidator are authorized to continue under the provisions hereof, and every reference herein to the "Liquidator" shall be deemed to refer also to any successor Liquidator appointed in the manner herein provided.
Appointment of Liquidator. (a) In the event the Partnership is wound up or dissolved for any reason, the General Partner or, a liquidating agent appointed by the General Partner (the General Partner or such person so designated hereinafter referred to as the “Liquidator”) shall commence to wind up the affairs of the Partnership and to liquidate the Partnership’s assets, subject to Section 11.2 hereof. The Partners shall continue to share all income, losses and distributions during the period of liquidation in accordance with Articles IV and V hereof. The Liquidator shall have full right and unlimited discretion to determine the time, manner and terms of any sale or sales of Partnership property pursuant to such liquidation, giving due regard to the activity and condition of the relevant market and general financial and economic conditions.
(b) The Liquidator shall have all of the rights and powers with respect to the assets and liabilities of the Partnership in connection with the liquidation and termination of the Partnership that the General Partner would have with respect to the assets and liabilities of the Partnership during the term of the Partnership, and the Liquidator is hereby expressly authorized and empowered to execute any and all documents necessary or desirable to effectuate the liquidation and termination of the Partnership and the transfer of any assets, save that, the General Partner or a Liquidator other than the General Partner, as the case may be, shall be responsible and shall have the power and authority to file the notices prescribed by the Delaware Act and satisfy all applicable formalities in such circumstances as may be prescribed by the laws of other jurisdictions where the Partnership is registered.
(c) Notwithstanding the foregoing, a Liquidator which is not the General Partner shall not be deemed a Partner in this Partnership and shall not have any of the economic interests in the Partnership of a Partner; and such Liquidator shall be compensated for its services to the Partnership by the Partnership.
