Common use of Distribution of Proceeds on Dissolution; Winding Up; Reserves Clause in Contracts

Distribution of Proceeds on Dissolution; Winding Up; Reserves. (A) Upon the occurrence of a Liquidation Event, the Company shall continue solely for the purposes of winding up its affairs in an orderly manner, liquidating its assets, and satisfying the claims of its creditors and Members and neither the Management Committee nor any General Manager or Member shall take any action that is inconsistent with, or not necessary to or appropriate for, winding up the Company’s business and affairs. To the extent not inconsistent with the foregoing, all covenants and obligations in this Agreement shall continue in full force and effect until such time as Dissolution Proceeds have been distributed pursuant to this Section 9.3 and the Company has filed a certificate of cancellation.

Distribution of Proceeds on Dissolution; Winding Up; Reserves. (A) Upon the occurrence of a Liquidation Event, the Company shall continue solely for the purposes of winding up its affairs in an orderly manner, satisfying the claims of its creditors, and liquidating its assets, and satisfying the claims of its creditors and Members and neither the Management Committee nor any General Manager or Member shall not take any action that is inconsistent with, with or not necessary unnecessary to or appropriate for, the winding up of the Company’s 's business and affairs. To the extent not inconsistent with the foregoing, all covenants and obligations in this Agreement shall continue in full force and effect until such time as the Dissolution Proceeds have been distributed pursuant to this Section 9.3 and the Company has filed a certificate of cancellation.

Distribution of Proceeds on Dissolution; Winding Up; Reserves. (A) Upon the occurrence of a Liquidation Dissolution Event, the Company shall continue solely for the purposes of winding up its affairs in an orderly manner, liquidating its assets, and satisfying the claims of its creditors and Members the Member, and neither the Management Committee nor any General Manager or Member shall not take any action that is inconsistent with, or not necessary to or appropriate for, winding up the Company’s 's business and affairs. To the extent not inconsistent with the foregoing, all covenants and obligations in this Agreement shall continue in full force and effect until such time as the Dissolution Proceeds have been distributed pursuant to this Section 9.3 and the Company has filed a certificate articles of cancellationdissolution.

Distribution of Proceeds on Dissolution; Winding Up; Reserves. (A) Upon the occurrence of a Liquidation Dissolution Event, the Company shall continue solely for the purposes of winding up its affairs in an orderly manner, satisfying the claims of its creditors, and liquidating its assets, and satisfying the claims of its creditors and Members and neither the Management Committee nor any General Manager or Member shall not take any action that is inconsistent with, with or not necessary unnecessary to or appropriate for, the winding up of the Company’s business and affairs. To the extent not inconsistent with the foregoing, all covenants and obligations in this Agreement shall continue in full force and effect until such time as the Dissolution Proceeds have been distributed pursuant to this Section 9.3 and the Company has filed a certificate articles of cancellationtermination.