Common use of Election of Liquidating Trustee Clause in Contracts

Election of Liquidating Trustee. The Liquidating Members may elect, by a unanimous vote, one of the Representatives or any other Person of their choice to act as liquidating trustee (the “Liquidating Trustee”) in the liquidation of the Company business in accordance with the provisions of this Article.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Railcar Industries, Inc./De), Limited Liability Company Agreement (American Railcar Industries, Inc./De)

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Election of Liquidating Trustee. The Liquidating Members may elect, by a unanimous vote, one of the Representatives or any other Person person, firm or corporation of their choice to act as liquidating trustee (the “Liquidating Trustee”) in the liquidation of the Company business in accordance with the provisions of this Article.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Advanced Drainage Systems, Inc.), Limited Liability Company Agreement (American Railcar Industries, Inc.)

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