Common use of Disposition of Assets on Dissolution Clause in Contracts

Disposition of Assets on Dissolution. Promptly after dissolution under Section 14.1, the Manager shall take all action necessary to wind up the activities of the Company, in accordance with Exhibit C. All costs and expenses incurred in connection with the dissolution of the Company shall be expenses chargeable to the Business Account.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (Thunder Mountain Gold Inc), Securities Purchase Agreement (American International Ventures Inc /De/), Operating Agreement (Western Goldfields Inc)

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Disposition of Assets on Dissolution. Promptly after dissolution under Section 14.1, the Manager Company shall take all action necessary to wind up the its activities of the Company, in accordance with this Agreement and Exhibit C. E. All costs and expenses incurred in connection with the dissolution of the Company shall be expenses chargeable to the Business Account.

Appears in 1 contract

Samples: Contribution Agreement (Golden Phoenix Minerals Inc /Mn/)

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Disposition of Assets on Dissolution. Promptly after dissolution under Section 14.1, the Manager shall take all action necessary to wind up the activities of the Company, in accordance with Exhibit C. All costs and expenses incurred in connection with the dissolution of the Company shall be expenses chargeable to the Business Account. Provided however, and not withstanding the provisions of Exhibit C, the Manager shall allocate, insofar as possible, all Non-Consent Property to the related Participating Member or Members.

Appears in 1 contract

Samples: Members' Agreement (Great Plains Energy Inc)

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