Liquidation and Termination. On dissolution of the Company, the Board shall act as liquidators or may appoint one or more Members as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:
Appears in 8 contracts
Samples: Operating Agreement, Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)
Liquidation and Termination. On dissolution of the Company, the Board shall act as liquidators or Sole Member may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expensean expense of the Company. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the BoardSole Member. The Subject to Section 18-804 of the Act, the steps to be accomplished by the liquidators liquidator are as follows:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company Agreement, Limited Liability Company Agreement (Williams Partners L.P.)
Liquidation and Termination. On dissolution of the Company, the Board shall Manager shall, with the Consent of the Class A Members, act as liquidators or may appoint one or more Members as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Actthis Agreement. The costs of liquidation shall will be borne as a Company expenseExpense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the BoardMembers. The steps to be accomplished by the liquidators liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NRG Yield, Inc.), Limited Liability Company Agreement (NRG Yield, Inc.)
Liquidation and Termination. On dissolution of the Company, a majority of the Board shall act as liquidators or may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the BoardMembers. The Subject to Section 18-804 of the Act, the steps to be accomplished by the liquidators liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Exco Resources Inc), Limited Liability Company Agreement (Harbinger Group Inc.)
Liquidation and Termination. On Upon the dissolution of the Company, a majority of the Board shall act as liquidators or may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the BoardMembers. The Subject to Section 18-804 of the Act, the steps to be accomplished by the liquidators liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Exco Resources Inc), Limited Liability Company Agreement (Harbinger Group Inc.)
Liquidation and Termination. On dissolution of the Company, the Board shall act as liquidators liquidator or may appoint one or more Members representatives or Unitholders as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company, sell all or any portion of the Company assets for cash or cash equivalents as they deem appropriate, and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expensean expense of the Company. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (VWR, Inc.), Limited Liability Company Agreement (VWR Funding, Inc.)
Liquidation and Termination. On dissolution of the Company, the Board Manager shall act as liquidators liquidator or may appoint one or more Members as liquidatorliquidators). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the BoardManager. The steps to be accomplished by the liquidators are as follows:
Appears in 2 contracts
Samples: Operating Agreement (Stack Rock Capital, L.L.C.), Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.)
Liquidation and Termination. On dissolution of the Company, a majority of the Board shall act as liquidators or may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company Company’s expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the BoardMembers. The Subject to Section 18-804 of the Delaware Act, the steps to be accomplished by the liquidators liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sanchez Energy Corp), Securities Purchase Agreement (Sanchez Energy Corp)
Liquidation and Termination. On dissolution of the Company, the Board Members shall act as liquidators liquidator or may appoint one or more Members as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of o f the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:Members.
Appears in 1 contract
Samples: Operating Agreement (TB Wood's INC)
Liquidation and Termination. On dissolution of the Company, the Board Managers shall act as liquidators or may appoint one or more Members as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the BoardManagers. The steps to be accomplished by the liquidators are as follows:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (US Power Generating CO)
Liquidation and Termination. On dissolution of the Company, the Board shall act as liquidators or may appoint one or more Members shall serve as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Boardproperties. The steps to be accomplished by the liquidators liquidator are as follows:
Appears in 1 contract
Samples: Operating Agreement (Visteon European Holdings, Inc.)
Liquidation and Termination. On dissolution of the Company, a majority of the Board shall act as liquidators or may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the BoardMembers. The steps to be accomplished by the liquidators liquidator are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (GNC Holdings, Inc.)
Liquidation and Termination. On dissolution of the Company, the Board shall Manager shall, with the Consent of the Class A Members, act as liquidators or may appoint one or more Members as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Actthis Agreement. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the BoardMembers. The steps to be accomplished by the liquidators liquidator are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (NRG Yield, Inc.)
Liquidation and Termination. On dissolution of the Company, the Board Manager shall act as liquidators liquidator or may appoint one or more Members Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the ActTBOC. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the BoardManager. The steps to be accomplished by the liquidators are as follows:
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Sentinel Energy Services Inc.)
Liquidation and Termination. On dissolution of the Company, the Board Members shall act as liquidators liquidator or may appoint one or more Members Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation liquidation, including internal costs and expenses and reimbursement for time spent by liquidator, shall be borne as a Company expenseexpense and paid on a monthly basis. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the BoardCompany’s Properties. The steps to be accomplished by the liquidators are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)
Liquidation and Termination. On dissolution of the Company, the Board Member shall act as liquidators liquidator or may appoint one or more Members other Persons to act as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.)
Liquidation and Termination. On dissolution of the Company, the Board Member shall act as liquidators liquidator or may appoint one or more Members Officers as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:Member.
Appears in 1 contract
Liquidation and Termination. On dissolution of the Company, the Board shall act as liquidators or may appoint one or more Members shall serve as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the ActCorporation Law. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Boardproperties. The steps to be accomplished by the liquidators liquidator are as follows:
Appears in 1 contract
Liquidation and Termination. On dissolution of the Company, the Board Member shall act as liquidators liquidator or may appoint one or more Members other Persons to act as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the ActTBOC. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:Member.
Appears in 1 contract
Liquidation and Termination. On dissolution of the Company, the Board Members shall act as liquidators liquidator or may appoint one or more Members other Persons to act as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:Members.
Appears in 1 contract
