Common use of Authority to Wind Up Clause in Contracts

Authority to Wind Up. The Managers shall have all necessary power and authority required to marshal the assets of the LLC, to pay its creditors, to distribute assets and otherwise wind up the business and affairs of the LLC. In particular, the Managers shall have the authority to continue to conduct the business and affairs of the LLC insofar as such continued operation remains consistent, in the judgment of the Managers, with the orderly winding up of the LLC.

Authority to Wind Up. The Managers Managing Member shall have all necessary power and authority required to marshal the assets of the LLC, to pay its the LLC’s creditors, to distribute assets and otherwise wind up the business and affairs of the LLC. In particular, the Managers Managing Member shall have the authority to continue to conduct the business and affairs of the LLC insofar as such continued operation remains consistent, in the judgment of the ManagersMembers, with the orderly winding up of the LLC.

Authority to Wind Up. The Managers Manager shall have all necessary power and authority required to marshal the assets of the LLC, to pay its creditors, to distribute assets and otherwise wind up the business and affairs of the LLC. In particular, the Managers Manager shall have the authority to continue to conduct the business and affairs of the LLC insofar as such continued operation remains consistent, in the judgment of the ManagersManager, with the orderly winding up of the LLC.