Liquidation and Distribution of Assets. The Member (or its authorized successor in interest) shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets upon dissolution. Any assets not required to discharge any liabilities of the Company shall be distributed to the Member. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminated. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.
Appears in 45 contracts
Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Admission of Substituted Member (Environtech Inc.)
Liquidation and Distribution of Assets. The Member (or its authorized successor in interest) Members shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets upon dissolutiona Terminating Event. Any assets not required to discharge any liabilities of the Company shall be distributed to the MemberMembers. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminateddissolved. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Antelope Coal LLC), Limited Liability Company Agreement (Nerco Coal Sales LLC), Limited Liability Company Agreement (Nerco Coal Sales LLC)
Liquidation and Distribution of Assets. The Sole Member (or its authorized successor in interest) Members shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets upon dissolutiona Terminating Event. Any assets not required to discharge any liabilities of the Company shall be distributed to the MemberSole Member or Members. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminateddissolved. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Antelope Coal LLC), Limited Liability Company Agreement (Antelope Coal LLC), Limited Liability Company Agreement (Antelope Coal LLC)
Liquidation and Distribution of Assets. The Member (or its authorized successor in interest) shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets upon dissolutiona Terminating Event. Any assets not required to discharge any liabilities of the Company shall be distributed to the Member. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminated. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.
Appears in 2 contracts
Samples: Operating Agreement (AVH Carolinas, LLC), Operating Agreement (AVH Carolinas, LLC)
Liquidation and Distribution of Assets. The Member (or its authorized successor in interest) Members shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s 's liabilities and assets upon dissolutiona Terminating Event. Any assets not required to discharge any liabilities of the Company shall be distributed to the MemberMembers. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminateddissolved. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cloud Peak Energy Inc.)
Liquidation and Distribution of Assets. The Member (or its authorized successor in interest) shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets upon dissolution. Any assets not required to discharge any liabilities of the Company shall be distributed to the Member. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminated. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.the
Appears in 1 contract
