Common use of Liquidation Clause in Contracts

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 94 contracts

Samples: Limited Liability Company Agreement (90210 LLC), Limited Liability Company Agreement (90210 LLC), Limited Liability Company Agreement (DT Management LLC)

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Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its their designee shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 22 contracts

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC), Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC), Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon dissolution of the Company pursuant to Section 811.1, the Company’s business and assets shall Company will be liquidated in an orderly manner. The Managing Member Members shall select a Person or its designee shall Persons, who may be a Member, to serve as liquidator (the liquidator “Liquidator”) to wind up the affairs of the Company. In performing their duties, the liquidators are authorized Company pursuant to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determinethis Agreement.

Appears in 18 contracts

Samples: Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC), Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC), Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s 's business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (90210 LLC), Limited Liability Company Agreement (90210 LLC), Limited Liability Company Agreement (90210 LLC)

Liquidation. Upon dissolution pursuant to Section 89, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (DT Management LLC), Operating Agreement (DT Management LLC), Limited Liability Company Agreement (Hilton Grand Vacations Management, LLC)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee members shall be the liquidator liquidators to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators shall determinedetermine to be in the best interests of the members.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Rykomusic, Inc.), Limited Liability Company Agreement (Rykomusic, Inc.), Limited Liability Company Agreement (Rykomusic, Inc.)

Liquidation. Upon a dissolution pursuant to Section 816, the Company’s Company business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determine.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (GBC Metals, LLC), Limited Liability Company Agreement (GBC Metals, LLC), Limited Liability Company Agreement (GBC Metals, LLC)

Liquidation. Upon dissolution pursuant to Section 86.1, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its designee their designees shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 6 contracts

Samples: Operating Agreement (HIC San Pablo Limited, Inc.), Operating Agreement (DTWC Spokane City Center SPE, LLC), Operating Agreement (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its their designee shall be the liquidator to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Hilton Grand Vacations Management, LLC), Limited Liability Company Agreement (HIC San Pablo Limited, Inc.), Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee sole member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interest of the sole member.

Appears in 4 contracts

Samples: Nonzero LLC (Rykomusic, Inc.), Perfect Game Recording Company LLC (Rykomusic, Inc.), Limited Liability Company Agreement (Rykomusic, Inc.)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Kc Distance Learning Inc), Limited Liability Company Agreement (Kc Distance Learning Inc), Limited Liability Company Agreement (Kc Distance Learning Inc)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator liquidating trustee (the “Liquidator”) to wind up the affairs of the Company. In performing their its duties, the liquidators are Liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators Liquidator shall determine, subject to the Act and Section 12 below.

Appears in 2 contracts

Samples: Membership Interests Purchase and Sale Agreement, Membership Interests Purchase and Sale Agreement (Hines Global REIT, Inc.)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator to wind up the affairs of the Company. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators liquidator shall determine.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (HIC San Pablo Limited, Inc.), Limited Liability Company Agreement (HIC San Pablo Limited, Inc.)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its their designee shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner mariner that the liquidators shall determine.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hilton Grand Vacations Management, LLC), Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Manager or its designee shall be the liquidator to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC), Limited Liability (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s business and the Company’s assets shall be liquidated in an orderly manner. The Managing Member or its designee member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company the Company’s assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interests of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CPP/Belwin, Inc), Limited Liability Company Agreement (CPP/Belwin, Inc)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators shall determinedetermine to be in the best interests of the member.

Appears in 2 contracts

Samples: Wea Urban LLC (CPP/Belwin, Inc), Limited Liability Company Agreement (CPP/Belwin, Inc)

Liquidation. Upon a dissolution pursuant to Section 89, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interest of the Member.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Cervalis LLC), Limited Liability Company Operating Agreement (Cervalis LLC)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its their designee shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are axe authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

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Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Member, or its designee designee, shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon dissolution pursuant to Section 89, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its their designee shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Invitation Homes Operating Partnership LP)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Sole Member or its designee shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange exchange, or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interests of the Sole Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ryan's Restaurant Leasing Company, LLC)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interests of the member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rykomusic, Inc.)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Managers or its their designee shall be the liquidator to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 1 contract

Samples: Limited Liability (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee sole member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators sole member and liquidator shall determinedetermine to be in its best interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rykomusic, Inc.)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s business and assets shall be liquidated in an orderly manner. The Managing Member Members or its their designee shall be the liquidator liquidators to wind up the affairs of the CompanyCompany . In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Liquidation. Upon a dissolution pursuant to Section 82.02, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing , the Member or its designee shall be the liquidator liquidator, or shall appoint a liquidator, to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interest of the Member.

Appears in 1 contract

Samples: Harvest (Bloomfield Bakers, a California Limited Partnership)

Liquidation. Upon dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee sole member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator and sole member shall determinedetermine to be in its best interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rykomusic, Inc.)

Liquidation. Upon a dissolution pursuant to Section 8, the Company’s Company business and Company assets shall be liquidated in an orderly manner. The Managing Member or its designee sole member shall be the liquidator to wind up the affairs of the CompanyCompany pursuant to this Agreement. In performing their its duties, the liquidators are liquidator is authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any reasonable manner that the liquidators liquidator shall determinedetermine to be in the best interests of the sole member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rykomusic, Inc.)

Liquidation. Upon a dissolution pursuant to Section 88 of this Agreement, the Company’s business and assets shall be liquidated wound up in an orderly manner. The Managing Member or members or its or their designee shall be the liquidator liquidators to wind up the affairs of the Company. In performing their duties, the liquidators are authorized to sell, distribute, exchange or otherwise dispose of Company assets in accordance with the Act in any manner that the liquidators shall determine.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pandora Media, LLC)

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