Common use of Liquidation of Assets Clause in Contracts

Liquidation of Assets. In the event of the dissolution of the Company, the Member or the person required by law to wind up the Company's affairs (the Member or such other person being referred to in this Agreement as the "Liquidating Agent") will commence to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 4 contracts

Samples: Operating Agreement (DaimlerChrysler Financial Services Americas LLC), Operating Agreement (Chrysler Financial Co LLC), Operating Agreement (Daimlerchrysler Services North America LLC)

AutoNDA by SimpleDocs

Liquidation of Assets. In the event of the dissolution of the Company, the Member Board of Managers or the such person required by law to wind up the Company's affairs (the Member Board of Managers or such other person being referred to in this Agreement herein as the "Liquidating Agent") will commence to wind up windup the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (BNP Paribas Mortgage Securities LLC), Limited Liability Company Agreement (BNP Paribas Mortgage ABS LLC), Limited Liability Company Agreement (American Home Mortgage Assets LLC)

Liquidation of Assets. In the event of the dissolution of the Company, the Member Board of Managers or the such person required by law to wind up the Company's affairs (the Member Board of Managers or such other person being referred to in this Agreement herein as the "Liquidating Agent") will commence to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cendant Mortgage Capital LLC)

Liquidation of Assets. In the event of the dissolution of the Company, the Member Board of Directors or the such person required by law to wind up the Company's affairs (the Member Board of Directors or such other person being referred to in this Agreement herein as the "Liquidating Agent") will commence to wind up windup the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (National City Mortgage Capital LLC)

Liquidation of Assets. In the event of the dissolution of the Company, the Member Board of Managers or the such person required by law to wind up the Company's ’s affairs (the Member Board of Managers or such other person being referred to in this Agreement herein as the "Liquidating Agent") will commence to wind up windup the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Shellpoint Mortgage Acceptance LLC)

Liquidation of Assets. In the event of the dissolution of the Company, the authorized Member or the person required by law to wind up the Company's ’s affairs (the such Member or such other person being referred to in this Agreement herein as the "Liquidating Agent") will commence to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to all the Member Members by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gramercy Capital Corp)

Liquidation of Assets. In the event of the dissolution of --------------------- the Company, the Member Manager or such other Person as may be designated by the person required Manager or permitted by law the Act to wind up the Company's affairs (the Member Manager or such other person Person being referred to in this Agreement herein as the "Liquidating Agent") will shall commence to wind up the affairs of the Company and distribute or liquidate its assets as promptly as is consistent with obtaining the fair value thereofassets. In connection with any such winding up and liquidationup, a financial statement of the Company as of the date of dissolution will shall be prepared and furnished to all the Member Members by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Americasdoctor Com Inc)

Liquidation of Assets. In the event of the dissolution of the Company, the Member or the person Person required by law to wind up the Company's ’s affairs (the Member or such other person Person being referred to in this Agreement as the "Liquidating Agent") will commence begin to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereoftherefor. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Coastal Paper CO)

AutoNDA by SimpleDocs

Liquidation of Assets. In the event of the dissolution of the Company, the Member or the person required by law to wind up the Company's affairs (the Member or such other person being referred to in this Operating Agreement as the "Liquidating Agent") will commence to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Operating Agreement (DaimlerChrysler Financial Services Americas LLC)

Liquidation of Assets. In the event of the dissolution of the Company, the Member or the person required by law to wind up the Company's ’s affairs (the Member or such other person being referred to in this Agreement as the "Liquidating Agent") will commence begin to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereoftherefore. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Autodie LLC)

Liquidation of Assets. In the event of the dissolution of the Company, the Managing Member or the person Person required by law to wind up the Company's ’s affairs (the such Member or such other person being referred to in this Agreement herein as the "Liquidating Agent") will commence to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereof. In connection with any such winding up and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to all the Member Members by the Liquidating Agent.

Appears in 1 contract

Samples: Operating Agreement

Liquidation of Assets. In the event of the dissolution of the Company, the Member or the person Person required by law to wind up the Company's ’s affairs (the Member or such other person Person being referred to in this Agreement as the "Liquidating Agent") will commence begin to wind up the affairs of the Company and liquidate its assets as promptly as is consistent with obtaining the fair value thereoftherefor. In connection with any such winding up rip and liquidation, a financial statement of the Company as of the date of dissolution will be prepared and furnished to the Member by the Liquidating Agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cellu Tissue Corp - Oklahoma City)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!