Conclusion of Affairs. Upon the dissolution of the Company for any reason, if the Company is not continued as permitted by this Agreement, the Manager shall proceed promptly to wind up the affairs of the Company. Except as otherwise provided in this Agreement, the Members and their successors in interest shall continue to share distributions during the period of winding up in the same manner as before the dissolution. The Manager shall determine the time, manner, and terms of any sale or sales of Company assets pursuant to such winding up.
Conclusion of Affairs. In the event of dissolution of the Company for any reason, the Managers, or if no Managers remain, the Members, by majority vote, shall appoint a person (the "Liquidator"), who may but need not be a Manager and/or Member, and the Liquidator shall proceed, as soon as reasonably practicable, to wind up the affairs of the Company. The Members (and their successors in interest) shall continue to share in allocations of income and loss and distributions during the period of winding up in the same manner as before the dissolution. The Liquidator shall have reasonable discretion to determine the time, manner and terms of any sale or sales of Company property pursuant to such winding up, having due regard to the activity and the condition of the Company and relevant market and financial and economic conditions, and consistent with his obligations to the Members.
Conclusion of Affairs. Upon the dissolution of the Company for any reason, if the Company is not continued as permitted by this Agreement, the Board shall proceed promptly to wind up the affairs of the Company. Except as otherwise provided in this Agreement, the Members and their successors in interest shall continue to share distributions during the period of winding up in the same manner as before the dissolution. The Board, or alternatively, a representative appointed by the Board (the “Liquidating Representative”), which the Company shall compensate and indemnify as the Board determines, shall determine the time, manner, and terms of any sale or sales of Company assets pursuant to such winding up.
Conclusion of Affairs. Except as otherwise provided in this Section 8, in the event of the dissolution of the Company for any reason, the Member shall proceed promptly to wind up the affairs of and liquidate the Company. Except as otherwise provided in this Operating Agreement, the Member shall continue to receive distributions and tax allocations during the period of liquidation in the same manner as before the dissolution.
Conclusion of Affairs. In the event of the dissolution of the Company for any reason the Board shall proceed promptly to wind up the affairs of and liquidate the Company. Except as otherwise provided in this Agreement, the Members shall continue to share distributions and allocations during the period of liquidation in the same manner as before dissolution.
Conclusion of Affairs. In the event of the dissolution of the Company for any reason, the Board shall deliver articles of dissolution to the Department of State for filing, and shall proceed promptly to wind up the affairs of and liquidate the assets of the Company.
Conclusion of Affairs. In the event of the dissolution of the Company for any reason, the Manager shall proceed promptly to wind up the affairs of and liquidate the Company. The Manager shall have reasonable discretion to determine the time, manner, and terms of any sale or sales of Company property pursuant to such liquidation having due regard to the activity and the condition and relevant market and general financial and economic conditions.
Conclusion of Affairs. Subject to the operation of Section 9.5, in the event of the dissolution of the Company for any reason, if the Company is not continued as permitted by this Agreement, the Members shall proceed promptly to wind up the affairs of the Company and to file with the Washington Secretary of State a Certificate of Dissolution disclosing such dissolution. Except as otherwise provided in this Agreement, the Members and their successors in interest shall continue to share distributions and allocations during the period of winding up in the same manner as before the dissolution. The Members shall determine the time, manner and terms of any sale or sales of the Company property pursuant to such winding up, having due regard to the activity and the condition of the Company and relevant market and financial and economic conditions, and consistent with their obligations to the Members.
Conclusion of Affairs. In the event of dissolution of the Company for any reason, the Manager, or if no Manager remains, the Members, by vote of a majority-in-interest, shall appoint a person (the "Liquidator"), who may but need not be a Manager and/or Member, and the Liquidator shall proceed, as soon as reasonably practicable, to wind up the affairs of the Company. The Members (and their successors in interest) shall continue to share in allocations of income and loss and distributions during the period of winding up in the same manner as before the dissolution. The Liquidator shall have reasonable discretion to determine the time, manner and terms of any sale or sales of Company property pursuant to such winding up, having due regard to the activity and the condition of the Company and relevant market and financial and economic conditions, and consistent with his obligations to the Members.
Conclusion of Affairs. Upon the dissolution of the Company for any reason, if the Company is not continued as permitted by this Agreement, the Manager shall proceed promptly to wind up the affairs of the Company, shall take full account of the Company’s liabilities and Property and shall cause the Property or the proceeds from the sale thereof to be applied and distributed in the following order:
(a) First, to creditors (including any Member or the Manager if a creditor) in satisfaction of all the Company’s liabilities, other than liabilities for which reasonable provision for payment has been made and liabilities for distribution to members under Section 18-601 or Section 18-604 of the Act;
(b) Second, except as provided in this Agreement, to Members and former members of the Company in satisfaction of liabilities for distribution under Section 18-601 or Section 18-604 of the Act; and
(c) Third, to the Members in accordance with the positive balances in their respective Capital Accounts, after giving effect to all contributions, distributions and allocations for all periods.
