Common use of Compensation of Liquidator Clause in Contracts

Compensation of Liquidator. The liquidator, if Preferred, shall act without compensation. If the liquidator is not Preferred, the compensation due to the liquidator shall be as agreed to by the Majority Vote of the Voting Members and shall be allocated pro rata among all Members as based on their respective Company Percentages.

Appears in 21 contracts

Samples: Organization Agreement, Organization Agreement (Kenmar Global Trust), Organization Agreement (Futures Strategic Trust)

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