Authority to Wind Up. To the extent that the Liquidating Agent is a Person other than the Manager or its designee, the Company or the applicable Series may enter into (and modify and terminate) agreements with such Person(s), authorizing such Person (s) to wind up a Series’ or the Company’s affairs. The Company or the applicable Series shall pay such Liquidating Agent such commercially reasonable amount as is negotiated between the parties. If no such agreement has been entered into, or is in effect, as of the time of any such dissolution, then the Liquidating Agent (if a Person other than the Manager or its designee) shall be entitled to compensation as approved by court decree or by the consent of a Majority-in-Interest of the Company.
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
