Common use of Liquidation and Termination Clause in Contracts

Liquidation and Termination. On dissolution of the Company, the Managers shall act as liquidating trustees or the Member may appoint one or more other Persons to act as liquidating trustee. The liquidating trustee shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act and make final distributions to the Member. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidating trustee shall continue to operate the Company assets with all of the power and authority of the Managers.

Liquidation and Termination. On dissolution of the Company, the Managers Manager shall act as liquidating trustees liquidator or the Member may appoint one or more other Persons to act Members as liquidating trusteeliquidator(s). The liquidating trustee liquidators shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act and make final distributions to as provided herein and in the MemberAct. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidating trustee liquidators shall continue to operate the Company assets properties with all of the power and authority of the Managers.Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Managers shall act as liquidating trustees or the Member may appoint one or more other Persons to act as liquidating trustee. The liquidating trustee shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act act and make final distributions to the Member. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidating trustee shall continue to operate the Company company assets with all of the power and authority of the Managers.

Liquidation and Termination. On dissolution of the Company, the Managers Managing Member shall act as liquidating trustees liquidator or the Member may appoint one or more other Persons to act as liquidating trusteeliquidator. The liquidating trustee liquidator shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act and make final distributions to the Memberas provided in this Agreement. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidating trustee liquidator shall continue to operate the Company assets with all of the power and authority of the Managers.Managing Member. The steps to be accomplished by the liquidator are as follows:

Liquidation and Termination. On dissolution of the CompanyLLC, the Managers shall act as liquidating trustees or the Member Members may appoint one or more other Persons to act as liquidating trustee. The liquidating trustee shall proceed diligently to wind up the affairs of the Company LLC in accordance with Section 18-804 of the Act and make final distributions to the MemberMembers. The costs of liquidation shall be borne as a Company LLC expense. Until final distribution, the liquidating trustee shall continue to operate the Company LLC assets with all of the power and authority of the Managers.

Liquidation and Termination. On dissolution of the Company, the Managers shall act as liquidating trustees or the Member may appoint one or more other Persons to act as liquidating trustee. The liquidating trustee shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act act and make final distributions to the Member. The costs of liquidation shall be borne as a an Company expense. Until final distribution, the liquidating trustee shall continue to operate the Company company assets with all of the power and authority of the Managers.

Liquidation and Termination. On dissolution of the Company, the Managers Member shall act as liquidating trustees trustee or the Member may appoint one or more other Persons to act as liquidating trusteetrustee(s). The liquidating trustee shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act and make final distributions to the Member. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidating trustee shall continue to operate the Company assets with all of the power and authority of the ManagersMember.

Liquidation and Termination. On dissolution of the Company, the Managers --------------------------- Member shall act as liquidating trustees trustee or the Member may appoint one or more other Persons to act as liquidating trustee. The liquidating trustee shall proceed diligently to wind up the affairs of the Company in accordance with Section 18-804 of the Act and make final distributions to the Member. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidating trustee shall continue to operate the Company assets with all of the power and authority of the ManagersMember.