Liquidation, Winding Up and Distribution of Assets. The Manager shall, upon dissolution of the Company, proceed to liquidate the Company’s assets and properties, discharge the Company’s obligations, and wind up the Company’s business and affairs as promptly as is consistent with obtaining the fair value thereof. The proceeds of liquidation of the Company’s assets, to the extent sufficient therefor, shall be applied and distributed as follows:
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Samples: Operating Agreement (World Tree Usa, LLC), Operating Agreement (World Tree Usa, LLC)
Liquidation, Winding Up and Distribution of Assets. The Manager Managers shall, upon dissolution of the Company’s dissolution, proceed to liquidate the Company’s Company assets and properties, discharge the Company’s Company obligations, and wind up the Company’s business and affairs as promptly as is consistent with obtaining the fair value thereof. The proceeds of liquidation of the Company’s from liquidating Company assets, to the extent sufficient thereforavailable, shall be applied and distributed as follows:
Appears in 2 contracts
Samples: Operating Agreement (Franklin Covey Co), Operating Agreement (Franklin Covey Co)
Liquidation, Winding Up and Distribution of Assets. The Thereafter, the Manager shall, upon dissolution of the Company, shall proceed to liquidate the Company’s 's assets and properties, discharge the Company’s 's obligations, and wind up the Company’s 's business and affairs as promptly as is consistent with obtaining the fair value thereof. The proceeds of liquidation of the Company’s 's assets, to the extent sufficient therefor, shall be applied and distributed as follows:
Appears in 1 contract
Samples: Operating Agreement of Office And (Gaylord Entertainment Co /De)
Liquidation, Winding Up and Distribution of Assets. The Manager Manager(s), shall, upon dissolution of the Company, proceed to liquidate the Company’s assets and properties, discharge the Company’s obligations, and wind up the Company’s business and affairs as promptly as is consistent with obtaining the fair value thereof. The proceeds of liquidation of the Company’s assets, to the extent sufficient therefor, shall be applied and distributed as follows:
Appears in 1 contract
Liquidation, Winding Up and Distribution of Assets. The Following an event of dissolution, the Manager shall, upon dissolution of the Company, shall proceed to liquidate the Company’s assets and properties, discharge the Company’s obligations, and wind up the Company’s business and affairs as promptly as is consistent with obtaining the fair value thereof. The proceeds of liquidation of the Company’s assets, to the extent sufficient thereforsufficient, shall be applied and distributed as follows:
Appears in 1 contract
Samples: Operating Agreement
Liquidation, Winding Up and Distribution of Assets. The Manager shall, upon dissolution of the Company, proceed to liquidate the Company’s 's assets and properties, discharge the Company’s 's obligations, and wind up the Company’s 's business and affairs as promptly as is consistent with obtaining the fair value thereof. The proceeds of liquidation of the Company’s 's assets, to the extent sufficient therefor, shall be applied and distributed as follows:
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