Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.1, the Company shall be liquidated and the Managers (or other Person or Persons designated by the Managers or by a decree of court) shall wind up the affairs of the Company. The Managers or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:
Appears in 3 contracts
Samples: Exclusive License Agreement (Texas Rare Earth Resources Corp.), Limited Liability Company Agreement (Lorus Therapeutics Inc), Limited Liability Company Agreement (Lorus Therapeutics Inc)
Liquidation and Winding Up. If dissolution of the Company is dissolved pursuant to should be caused by reason of any of the events set forth in Section 14.1, the Company shall be liquidated and the Managers (or other Person or Persons designated by the Managers or by a decree of court) shall wind up the affairs of the Company. The Managers or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mosaic Crop Nutrition, LLC), Limited Liability Company Agreement (Mosaic Crop Nutrition, LLC)
Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.1, the Company shall be liquidated and the Managers Directors (or other Person or Persons designated by the Managers or Directors by a decree of court) shall wind up the affairs of the Company. The Managers Directors or other Persons the Person winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Kodiak Oil & Gas (USA) Inc.), Limited Liability Company Agreement (Kodiak Oil & Gas (USA) Inc.)
Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.1, the Company shall will be liquidated and the Managers (or other Person or Persons designated by the Managers or by a decree of court) shall will wind up the affairs of the Company. The Managers or other Persons winding up the affairs of the Company shall will promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall will be distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (ASAlliances Biofuels, LLC)
Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.1, the Company shall be liquidated and the Managers (or other Person or Persons designated by the Managers or by a decree of court) shall wind up the affairs of the Company. The Managers or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Biolife Solutions Inc)
Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.115.1, the Company shall be liquidated and the Managers managers (or other Person or Persons designated by the Managers managers or by a decree of court) shall wind up the affairs of the Company. The Managers or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:confidential confidential
Appears in 1 contract
Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.1SECTION 13.1, the Company shall be liquidated and the Managers Manager (or other Person or Persons designated by the Managers Manager or by a decree of court) shall wind up the affairs of the Company. The Managers Manager or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:
Appears in 1 contract
Liquidation and Winding Up. If the Company is dissolved pursuant to Section 14.113.1, the Company shall be liquidated and the Managers (or other Person or Persons designated by the Managers or by a decree of court) shall wind up the affairs of the Company. The Managers or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the assets and the property of the Company shall be distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Gold Corp)
Liquidation and Winding Up. If dissolution of the Company is dissolved occurs pursuant to Section 14.18.1, then the Company shall be liquidated and the Managers Board of Governors (or other Person or Persons designated by the Managers or by a decree of court) shall wind up the affairs of the Company. The Managers Unless the business of the Company is continued in a successor entity, the Board of Governors or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company and, in settling the accounts of the Company, the Company’s assets and the property of the Company shall be distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cancer Genetics, Inc)
