Common use of Authorization; Expenses Clause in Contracts

Authorization; Expenses. In performing their duties, the liquidator(s) are authorized to sell, exchange or otherwise dispose of the assets of the Company in such reasonable manner as the liquidator(s) shall determine to be in the best interest of the Members. The expenses incurred by the liquidator(s) in connection with winding up the Company, all other losses or liabilities of the Company incurred in accordance with the terms of this Agreement, and reasonable compensation for the services of the liquidator(s), if such liquidator(s) are not employees of the Adviser, shall be borne by the Company. The liquidator(s) will use best efforts to dispose of or distribute all Company assets within one year of dissolution but will not be bound to do so or liable in any way to any Member for failure to do so.