Common use of Distribution on Dissolution and Liquidation Clause in Contracts

Distribution on Dissolution and Liquidation. In the event of the dissolution of the Company for any reason (including the Company's liquidation within the meaning of Treasury Regulation 1.704-1(b)(2)(ii)(g)) or of a Series the business of the Company or of a Series shall be continued to the extent necessary to allow an orderly winding up of its affairs, including the liquidation and termination of the Company or of the Series pursuant to the provisions of this Section 7.3 as promptly as practicable thereafter, and each of the following shall be accomplished:

Appears in 2 contracts

Samples: Operating Agreement (Stratosphere Corp), Operating Agreement (Stratosphere Corp)

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Distribution on Dissolution and Liquidation. In the event of the dissolution of the Company for any reason (including the Company's ’s liquidation within the meaning of Treasury Regulation 1.704-1(b)(2)(ii)(g1.704(b)(2)(ii)(g)) or of a Series the business of the Company or of a Series shall be continued to the extent necessary to allow an orderly winding up of its affairs, including the liquidation and termination of the Company or of the Series pursuant to the provisions of this Section 7.3 as promptly as practicable thereafter, and each of the following shall be accomplished:

Appears in 1 contract

Samples: Operating Agreement (Aquarius Gaming LLC)

Distribution on Dissolution and Liquidation. In the event of the dissolution of the Company for any reason (including the Company's ’s liquidation within the meaning of Treasury Regulation 1.704-1(b)(2)(ii)(g)) or of a Series ), the business of the Company or of a Series shall be continued to the extent necessary to allow an orderly winding up of its affairs, including the liquidation and termination of the Company or of the Series pursuant to the provisions of this Section 7.3 7.3, as promptly as practicable thereafter, and each of the following shall be accomplished:

Appears in 1 contract

Samples: Operating Agreement (GNLV Corp)

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Distribution on Dissolution and Liquidation. In the event of the dissolution of the Company for any reason (including the Company's liquidation within the meaning of Treasury Regulation 1.704-1(b)(2)(ii)(g)) or of a Series ), the business of the Company or of a Series shall be continued to the extent necessary to allow an orderly winding up of its affairs, including the liquidation and termination of the Company or of the Series pursuant to the provisions of this Section 7.3 10.2, as promptly as practicable thereafter, and each of the following shall be accomplished:

Appears in 1 contract

Samples: Operating Agreement (Wynn Resorts LTD)

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