Common use of Duties and Authority of Liquidator Clause in Contracts

Duties and Authority of Liquidator. The liquidator will make adequate provisions for the discharge of all of the Company’s debts, obligations and liabilities. The liquidator may sell, encumber or retain for distribution in kind any of the Company’s assets.

Duties and Authority of Liquidator. The To the extent of the Company's assets, the liquidator will make adequate provisions provision for the discharge of all of the Company’s 's debts, obligations obligations, and liabilities. The liquidator may sell, encumber encumber, or retain for distribution in kind any of the Company’s 's assets. Any gain or loss recognized on the sale of assets will be allocated to the Members' Capital Accounts in accordance with the provisions of Article 4.

Duties and Authority of Liquidator. The liquidator Liquidator will make adequate provisions for the discharge of all of the Company’s 's debts, obligations and liabilities. The liquidator Liquidator may sell, encumber or retain for distribution in kind any of the Company’s 's assets. Any gain or loss recognized on the sale of assets will be allocated to the Members' Capital Accounts in accordance with the provisions of Article 3.

Duties and Authority of Liquidator. The liquidator will make adequate provisions provision for the discharge of all of the Company’s 's debts, obligations and liabilities. The liquidator may sell, encumber or retain for distribution in kind any of the Company’s 's assets.