Effect of Dissolution. Upon dissolution, the existence of the Company shall continue, but the Members shall wind up all of the Company's affairs and proceed to liquidate all of the Company's assets as promptly as is consistent with obtaining their fair value.
Appears in 8 contracts
Sources: Operating Agreement (Beazer Homes Sales, Inc), Operating Agreement (Beazer Homes Texas Lp), Operating Agreement (Beazer Homes Texas Lp)
Effect of Dissolution. Upon dissolutionthe dissolution of the Company, the existence Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, and the assets of the Company shall continuebe determined and valued effective as of the day on which the event occurs that results in such dissolution, but the Members Company shall wind not terminate until there has been a winding-up all of the Company's ’s business and affairs and proceed to liquidate all the assets of the Company's assets Company have been liquidated and distributed as promptly as is consistent with obtaining their fair valueprovided in this Agreement.
Appears in 4 contracts
Sources: Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC)
Effect of Dissolution. Upon dissolution, the existence of the Company company shall continue, but continue for the time period to allow the Members shall to wind up all of the Company's ’s affairs in a reasonable and proceed to liquidate all of the Company's assets as promptly as is consistent with obtaining their fair valueexpeditious manner.
Appears in 3 contracts
Sources: Operating Agreement (Calumet Superior, LLC), Operating Agreement (Calumet Superior, LLC), Operating Agreement (Calumet Superior, LLC)
Effect of Dissolution. Upon dissolution, the existence of the Company shall continue, but the Members shall wind up all of the Company's ’s affairs and proceed to liquidate all of the Company's ’s assets as promptly as is consistent with obtaining their fair value.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Beazer Homes, LLC), Operating Agreement (Clarksburg Skylark, LLC)
Effect of Dissolution. Upon dissolution, the existence of the Company shall continue, but the Members Board shall wind up all of the Company's ’s affairs and proceed to liquidate all of the Company's ’s assets and distribute such assets as promptly as is consistent with obtaining their fair valueprovided in Section 10.05 hereof.
Appears in 1 contract
Effect of Dissolution. Upon dissolution, the existence of the Company shall continue, but the Members Directors shall wind up all of the Company's ’s affairs and proceed to liquidate all of the Company's ’s assets as promptly as is consistent with obtaining their fair value.
Appears in 1 contract
Sources: Operating Agreement (New Gaming Capital Partnership)
Effect of Dissolution. Upon dissolution, the existence of the Company shall continue, but the Members Managers shall wind up all of the Company's affairs and proceed to liquidate all of the Company's assets as promptly as is consistent with obtaining their fair value.
Appears in 1 contract
Sources: Operating Agreement (Jondex Corp)
Effect of Dissolution. Upon dissolution, the existence of the Company shall continuecontinue as permitted by the Act, but the Members shall wind up all of the Company's ’s affairs and proceed to liquidate all of the Company's ’s assets as promptly as is consistent with obtaining their fair value.
Appears in 1 contract
Sources: Operating Agreement (Nutrition Headquarters (De), Inc.)