DURATION OF LIQUIDATION Sample Clauses

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Company in order to minimize any losses otherwise attendant upon such a winding up.

DURATION OF LIQUIDATION. Such time as the Board determines in its sole discretion shall be allowed for the winding up of the affairs of the Company in order to minimize any losses otherwise attendant upon such a winding up.

DURATION OF LIQUIDATION. The Board shall take such time for the winding up of the affairs of the Company as it shall determine in order to wind up the Company in an orderly manner and minimize any losses otherwise attendant upon such a winding up.

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Partnership in order to minimize any losses that might otherwise result. The liquidator shall use commercially reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1. 704-1(b)(2)(ii)(g).

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Partnership in order to minimize any losses otherwise attendant upon such a winding up.

DURATION OF LIQUIDATION. 21 SECTION 12.05.

DURATION OF LIQUIDATION. 20 10.4 Liability for Returns. 20

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Fund in order to minimize any losses otherwise attendant upon such winding up, provided that the Liquidator shall use its reasonable best efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704-1(b)(2)(ii)(g). The Liquidator will use its reasonable best efforts to dispose of or distribute all Fund assets within one year of dissolution, but will not be bound to do so or be liable in any way to any Partner for failure to do so. For purposes of this section, the date of liquidation of the Fund shall be the date on which the Fund has ceased to be a going concern, and the Fund shall not be deemed to have ceased to be a going concern until it has sold, distributed, or otherwise disposed of all of its Investments.

DURATION OF LIQUIDATION. In the event of the proposed dissolution or liquidation of the Company, the Option will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Board. The Board may, in the exercise of its sole discretion in such instances, declare that the Option shall terminate as of a date fixed by the Board.

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Company in order to minimize any losses otherwise attendant upon such a winding up. The liquidator(s) shall use its best efforts to dispose of or distribute all Company assets within one year of dissolution, but shall not be bound to do so or liable in any way to any Member for failure to do so. The liquidator(s) shall then make final liquidating distributions from the Company on or before the later of (a) the end of the taxable year in which the date of liquidation of the Company occurs, or (b) ninety (90) days after the date of the liquidation of the Company. For this purpose, (1) the date of the liquidation of the Company shall be the date on which the Company has ceased to be a going concern, and (2) the Company shall not be deemed to have ceased to be a going concern until it has sold, distributed or otherwise disposed of its Portfolio Securities.