Liquidation and Distribution of Assets. (a) In the event of a dissolution of the Company, the Liquidating Trustee shall use all commercially reasonable efforts to effect a sale of the Company as a going concern. In the event that no buyer can be found to purchase the Company as a going concern, the Liquidating Trustee shall offer for sale the separate assets of the Company. All sales, whether of the Company as a going concern or of separate assets, shall be at the best price reasonably available.
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Samples: Contribution Agreement (E Sync Networks Inc), Operating Agreement (Cotelligent Inc), Operating Agreement (E Sync Networks Inc)
Liquidation and Distribution of Assets. (a) In the event of a dissolution of the Company, the Liquidating Trustee shall use all commercially reasonable efforts to effect a sale of the Company as a going concern. In the event that no buyer can be found to purchase the Company as a going concern, the Liquidating Trustee shall offer for sale the separate assets of the Company. All sales, whether of the Company as a going concern or of separate assets, shall be at the best price reasonably available. Notwithstanding the foregoing, the Board of Representatives may instruct the Liquidating Trustee to distribute joint ownership of Derivative Works to the Members in lieu of a sale.
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