Common use of Liquidation of Property and Application of Proceeds Clause in Contracts

Liquidation of Property and Application of Proceeds. Upon the dissolution of the Company, the Managers will wind up the Company's affairs in accordance with the Delaware Act, and will be authorized to take any and all actions contemplated by the Delaware Act as permissible, including, without limitation:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Renal Care Group Inc), Limited Liability Company Agreement (Renal Care Group Inc)

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Liquidation of Property and Application of Proceeds. Upon the dissolution of the Company, the Managers Manager will wind up the Company's ’s affairs in accordance with the Delaware Act, and will be authorized to take any and all actions contemplated by the Delaware Act as permissible, including, without limitation:

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Moody National REIT I, Inc.), Limited Liability Company Operating Agreement (Moody National REIT I, Inc.)

Liquidation of Property and Application of Proceeds. Upon the dissolution of the Company, the Managers Members (or, if none, a liquidator appointed by the Personal Representatives of the deceased Members) will wind up the Company's affairs in accordance with the Delaware Act, and will be authorized to take any and all actions contemplated by the Delaware Act as permissible, including, without limitation:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sitestar Corp)

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Liquidation of Property and Application of Proceeds. Upon the dissolution of the Company, the Managers Manager will wind up the Company's affairs in accordance with the Delaware Act, and will be authorized to take any and all actions contemplated by the Delaware Act as permissible, including, without limitation:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Moody National REIT I, Inc.)

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