{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "principal-member", "type": "definition", "offset": [4, 20]}, {"key": "other-person", "type": "definition", "offset": [30, 42]}, {"key": "by-the-principal", "type": "clause", "offset": [54, 70]}, {"key": "to-act", "type": "definition", "offset": [93, 99]}, {"key": "the-liquidator", "type": "clause", "offset": [182, 196]}, {"key": "power-and-authority-to-sell", "type": "clause", "offset": [213, 240]}, {"key": "company-in", "type": "clause", "offset": [346, 356]}], "samples": [{"hash": "c6BWl7d0BiQ", "uri": "/contracts/c6BWl7d0BiQ#liquidator", "label": "Limited Liability Company Agreement (TELUS International (Cda) Inc.)", "score": 34.0212173462, "published": true}, {"hash": "2nTdiI1NgGK", "uri": "/contracts/2nTdiI1NgGK#liquidator", "label": "Stock Purchase Agreement (TELUS International (Cda) Inc.)", "score": 33.8377838135, "published": true}], "snippet": "The Principal Member (or such other Person designated by the Principal Member and who agrees to act as liquidator) shall act as liquidator (the \u201cLiquidator\u201d) to wind up the Company. The Liquidator shall have full power and authority to sell, assign, and encumber any or all of the Company\u2019s assets and to wind up and liquidate the affairs of the Company in an orderly and business-like manner.", "size": 32, "hash": "45589ccc9f096f736cdb40d951fe4b01", "id": 8}, {"snippet_links": [{"key": "upon-dissolution-of-the-company", "type": "clause", "offset": [0, 31]}, {"key": "the-manager", "type": "definition", "offset": [33, 44]}, {"key": "select-one", "type": "clause", "offset": [51, 61]}, {"key": "to-act", "type": "definition", "offset": [78, 84]}, {"key": "in-the-case", "type": "clause", "offset": [100, 111]}, {"key": "the-liquidator", "type": "clause", "offset": [149, 163]}, {"key": "to-receive", "type": "definition", "offset": [210, 220]}, {"key": "compensation-for", "type": "clause", "offset": [226, 242]}, {"key": "approved-by", "type": "clause", "offset": [277, 288]}, {"key": "affirmative-vote", "type": "definition", "offset": [293, 309]}, {"key": "holders-of", "type": "clause", "offset": [317, 327]}, {"key": "majority-of-the-common-shares", "type": "definition", "offset": [344, 373]}, {"key": "entitled-to-vote", "type": "definition", "offset": [391, 407]}, {"key": "at-any-time", "type": "clause", "offset": [503, 514]}, {"key": "prior-notice", "type": "definition", "offset": [532, 544]}, {"key": "with-or-without-cause", "type": "clause", "offset": [577, 598]}, {"key": "notice-of-removal", "type": "definition", "offset": [603, 620]}, {"key": "resignation-of-the", "type": "clause", "offset": [838, 856]}, {"key": "all-rights", "type": "clause", "offset": [938, 948]}, {"key": "the-original", "type": "definition", "offset": [971, 983]}, {"key": "right-to-approve", "type": "clause", "offset": [1198, 1214]}, {"key": "to-refer", "type": "definition", "offset": [1298, 1306]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [1399, 1427]}, {"key": "article-viii", "type": "clause", "offset": [1436, 1448]}, {"key": "further-authorization", "type": "clause", "offset": [1541, 1562]}, {"key": "consent-of", "type": "clause", "offset": [1566, 1576]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1584, 1602]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1676, 1699]}, {"key": "subject-to", "type": "clause", "offset": [1705, 1715]}, {"key": "applicable-limitations", "type": "clause", "offset": [1727, 1749]}, {"key": "exercise-of", "type": "clause", "offset": [1787, 1798]}, {"key": "functions-of-the", "type": "clause", "offset": [1865, 1881]}, {"key": "time-required", "type": "definition", "offset": [1932, 1945]}, {"key": "complete-the", "type": "clause", "offset": [1949, 1961]}, {"key": "winding-up-and-liquidation-of-the-company", "type": "clause", "offset": [1962, 2003]}, {"key": "termination-of-the-company", "type": "definition", "offset": [2045, 2071]}, {"key": "in-connection-with", "type": "clause", "offset": [2084, 2102]}], "samples": [{"hash": "9Bke2TDT5Xy", "uri": "/contracts/9Bke2TDT5Xy#liquidator", "label": "Operating Agreement (Fundrise East Coast Opportunistic REIT, LLC)", "score": 34.6071166992, "published": true}, {"hash": "98d7uaeO8x1", "uri": "/contracts/98d7uaeO8x1#liquidator", "label": "Operating Agreement (Fundrise Growth eREIT III, LLC)", "score": 34.5414085388, "published": true}, {"hash": "is908mOKB7g", "uri": "/contracts/is908mOKB7g#liquidator", "label": "Operating Agreement (Fundrise Midland Opportunistic REIT, LLC)", "score": 34.3114318848, "published": true}], "snippet": "Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days\u2019 prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.", "size": 441, "hash": "f4113129a5a4842cd9a32b5464ea03f5", "id": 1}, {"snippet_links": [{"key": "the-undertaking", "type": "clause", "offset": [73, 88]}, {"key": "assets-and-revenues", "type": "clause", "offset": [90, 109]}], "samples": [{"hash": "8iWvC2kh3ef", "uri": "/contracts/8iWvC2kh3ef#liquidator", "label": "Issue and Paying Agency Agreement", "score": 36.3910217285, "published": true}, {"hash": "a9rV3HlLyyc", "uri": "/contracts/a9rV3HlLyyc#liquidator", "label": "Issue and Paying Agency Agreement", "score": 35.5473251343, "published": true}, {"hash": "cxBIN1bcjZp", "uri": "/contracts/cxBIN1bcjZp#liquidator", "label": "Issue and Paying Agency Agreement", "score": 35.4231910706, "published": true}], "snippet": "an administrator or liquidator of such Agent or the whole or any part of the undertaking, assets and revenues of such Agent is appointed (or application for any such appointment is made);", "size": 106, "hash": "684008ee1ad82157f84c91e6a97a4175", "id": 5}, {"snippet_links": [{"key": "upon-dissolution-of-the-partnership", "type": "clause", "offset": [0, 35]}, {"key": "an-election", "type": "clause", "offset": [79, 90]}, {"key": "section-122", "type": "clause", "offset": [148, 160]}, {"key": "the-general-partner", "type": "clause", "offset": [162, 181]}, {"key": "select-one", "type": "clause", "offset": [188, 198]}, {"key": "to-act", "type": "definition", "offset": [215, 221]}, {"key": "the-liquidator", "type": "clause", "offset": [237, 251]}, {"key": "to-receive", "type": "definition", "offset": [306, 316]}, {"key": "compensation-for", "type": "clause", "offset": [322, 338]}, {"key": "holders-of", "type": "clause", "offset": [374, 384]}, {"key": "a-majority", "type": "clause", "offset": [394, 404]}, {"key": "outstanding-common-units", "type": "clause", "offset": [412, 436]}, {"key": "at-any-time", "type": "clause", "offset": [515, 526]}, {"key": "prior-notice", "type": "definition", "offset": [544, 556]}, {"key": "with-or-without-cause", "type": "clause", "offset": [589, 610]}, {"key": "notice-of-removal", "type": "definition", "offset": [615, 632]}, {"key": "resignation-of-the", "type": "clause", "offset": [738, 756]}, {"key": "all-rights", "type": "clause", "offset": [838, 848]}, {"key": "the-original", "type": "definition", "offset": [871, 883]}, {"key": "right-to-approve", "type": "clause", "offset": [1011, 1027]}, {"key": "to-refer", "type": "definition", "offset": [1111, 1119]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [1212, 1240]}, {"key": "article-xii", "type": "definition", "offset": [1249, 1260]}, {"key": "further-authorization", "type": "clause", "offset": [1353, 1374]}, {"key": "consent-of", "type": "clause", "offset": [1378, 1388]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1396, 1414]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1479, 1502]}, {"key": "subject-to", "type": "clause", "offset": [1508, 1518]}, {"key": "applicable-limitations", "type": "clause", "offset": [1530, 1552]}, {"key": "exercise-of", "type": "clause", "offset": [1590, 1601]}, {"key": "limitation-on-sale", "type": "clause", "offset": [1630, 1648]}, {"key": "to-the-extent", "type": "clause", "offset": [1678, 1691]}, {"key": "good-faith-judgment", "type": "definition", "offset": [1722, 1741]}, {"key": "functions-of-the", "type": "clause", "offset": [1788, 1804]}, {"key": "period-of-time", "type": "clause", "offset": [1846, 1860]}, {"key": "complete-the", "type": "clause", "offset": [1941, 1953]}, {"key": "winding-up-and-liquidation-of-the-partnership", "type": "clause", "offset": [1954, 1999]}], "samples": [{"hash": "ij3OC0onI4p", "uri": "/contracts/ij3OC0onI4p#liquidator", "label": "Agreement of Limited Partnership (NuStar Energy L.P.)", "score": 29.5475692749, "published": true}, {"hash": "8jRH47wz4kF", "uri": "/contracts/8jRH47wz4kF#liquidator", "label": "Limited Partnership Agreement (NuStar Energy L.P.)", "score": 29.4900760651, "published": true}, {"hash": "b0xx2EXwqoa", "uri": "/contracts/b0xx2EXwqoa#liquidator", "label": "Merger Agreement (NuStar Energy L.P.)", "score": 29.1040382385, "published": true}], "snippet": "Upon dissolution of the Partnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the General Partner shall select one or more Persons to act as Liquidator. The Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a majority of the Outstanding Common Units. The Liquidator (if other than the General Partner) shall agree not to resign at any time without 15 days\u2019 prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of at least a majority of the Outstanding Common Units. Upon dissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be approved by holders of at least a majority of the Outstanding Common Units. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article XII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Partnership as provided for herein.", "size": 107, "hash": "0bed07f7b09f6375aac2464d8a41f507", "id": 4}, {"snippet_links": [{"key": "the-liquidator", "type": "clause", "offset": [0, 14]}, {"key": "power-and-authority-to-sell", "type": "clause", "offset": [31, 58]}, {"key": "company-in", "type": "clause", "offset": [164, 174]}], "samples": [{"hash": "a9UTEVXEYsK", "uri": "/contracts/a9UTEVXEYsK#liquidator", "label": "Limited Liability Company Agreement (ContextLogic Holdings Inc.)", "score": 37.1724853516, "published": true}, {"hash": "H5Brl3tXk0", "uri": "/contracts/H5Brl3tXk0#liquidator", "label": "Limited Liability Company Agreement (ContextLogic Holdings Inc.)", "score": 37.1533203125, "published": true}, {"hash": "50xLvOoBIAR", "uri": "/contracts/50xLvOoBIAR#liquidator", "label": "Purchase Agreement (ContextLogic Holdings Inc.)", "score": 36.9425048828, "published": true}], "snippet": "The Liquidator shall have full power and authority to sell, assign, and encumber any or all of the Company\u2019s assets and to wind up and liquidate the affairs of the Company in an orderly and business-like manner.", "size": 17, "hash": "626dae7364616e56bac90834f40f3faf", "id": 10}, {"snippet_links": [{"key": "upon-dissolution-of-the-partnership", "type": "clause", "offset": [0, 35]}, {"key": "an-election", "type": "clause", "offset": [79, 90]}, {"key": "section-122", "type": "clause", "offset": [148, 160]}, {"key": "the-general-partner", "type": "clause", "offset": [162, 181]}, {"key": "select-one", "type": "clause", "offset": [188, 198]}, {"key": "to-act", "type": "definition", "offset": [215, 221]}, {"key": "the-liquidator", "type": "clause", "offset": [237, 251]}, {"key": "to-receive", "type": "definition", "offset": [306, 316]}, {"key": "compensation-for", "type": "clause", "offset": [322, 338]}, {"key": "holders-of", "type": "clause", "offset": [374, 384]}, {"key": "unit-majority", "type": "definition", "offset": [387, 400]}, {"key": "at-any-time", "type": "clause", "offset": [479, 490]}, {"key": "prior-notice", "type": "definition", "offset": [508, 520]}, {"key": "with-or-without-cause", "type": "clause", "offset": [553, 574]}, {"key": "notice-of-removal", "type": "definition", "offset": [579, 596]}, {"key": "resignation-of-the", "type": "clause", "offset": [666, 684]}, {"key": "all-rights", "type": "clause", "offset": [766, 776]}, {"key": "the-original", "type": "definition", "offset": [799, 811]}, {"key": "right-to-approve", "type": "clause", "offset": [903, 919]}, {"key": "to-refer", "type": "definition", "offset": [1003, 1011]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [1104, 1132]}, {"key": "article-xii", "type": "definition", "offset": [1141, 1152]}, {"key": "further-authorization", "type": "clause", "offset": [1245, 1266]}, {"key": "consent-of", "type": "clause", "offset": [1270, 1280]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1288, 1306]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1371, 1394]}, {"key": "subject-to", "type": "clause", "offset": [1400, 1410]}, {"key": "applicable-limitations", "type": "clause", "offset": [1422, 1444]}, {"key": "exercise-of", "type": "clause", "offset": [1482, 1493]}, {"key": "limitation-on-sale", "type": "clause", "offset": [1522, 1540]}, {"key": "to-the-extent", "type": "clause", "offset": [1570, 1583]}, {"key": "good-faith-judgment", "type": "definition", "offset": [1614, 1633]}, {"key": "functions-of-the", "type": "clause", "offset": [1680, 1696]}, {"key": "period-of-time", "type": "clause", "offset": [1738, 1752]}, {"key": "complete-the", "type": "clause", "offset": [1833, 1845]}, {"key": "winding-up-and-liquidation-of-the-partnership", "type": "clause", "offset": [1846, 1891]}], "samples": [{"hash": "drhNGCCk1BD", "uri": "/contracts/drhNGCCk1BD#liquidator", "label": "Agreement of Limited Partnership (Plains All American Pipeline Lp)", "score": 28.7782344818, "published": true}, {"hash": "ksw290oylIO", "uri": "/contracts/ksw290oylIO#liquidator", "label": "Limited Partnership Agreement (Plains All American Pipeline Lp)", "score": 27.8884334564, "published": true}, {"hash": "bwA9uo7iMvi", "uri": "/contracts/bwA9uo7iMvi#liquidator", "label": "Simplification Agreement (Plains All American Pipeline Lp)", "score": 27.5325126648, "published": true}], "snippet": "Upon dissolution of the Partnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the General Partner shall select one or more Persons to act as Liquidator. The Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of a Unit Majority. The Liquidator (if other than the General Partner) shall agree not to resign at any time without 15 days\u2019 prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of a Unit Majority. Upon dissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be approved by holders of a Unit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article XII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Partnership as provided for herein.", "size": 286, "hash": "f51df5818dfd520bda8eb2efce4afc2f", "id": 2}, {"snippet_links": [{"key": "upon-dissolution-of-the-partnership", "type": "clause", "offset": [0, 35]}, {"key": "the-business-of-the-partnership", "type": "clause", "offset": [44, 75]}, {"key": "section-122", "type": "clause", "offset": [101, 113]}, {"key": "the-general-partner", "type": "clause", "offset": [115, 134]}, {"key": "select-one", "type": "clause", "offset": [141, 151]}, {"key": "to-act", "type": "definition", "offset": [168, 174]}, {"key": "the-liquidator", "type": "clause", "offset": [190, 204]}, {"key": "to-receive", "type": "definition", "offset": [259, 269]}, {"key": "compensation-for", "type": "clause", "offset": [275, 291]}, {"key": "holders-of", "type": "clause", "offset": [327, 337]}, {"key": "unit-majority", "type": "definition", "offset": [349, 362]}, {"key": "at-any-time", "type": "clause", "offset": [442, 453]}, {"key": "prior-notice", "type": "definition", "offset": [471, 483]}, {"key": "with-or-without-cause", "type": "clause", "offset": [516, 537]}, {"key": "notice-of-removal", "type": "definition", "offset": [542, 559]}, {"key": "resignation-of-the", "type": "clause", "offset": [638, 656]}, {"key": "all-rights", "type": "clause", "offset": [738, 748]}, {"key": "the-original", "type": "definition", "offset": [771, 783]}, {"key": "right-to-approve", "type": "clause", "offset": [884, 900]}, {"key": "to-refer", "type": "definition", "offset": [984, 992]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [1085, 1113]}, {"key": "article-xii", "type": "definition", "offset": [1122, 1133]}, {"key": "further-authorization", "type": "clause", "offset": [1226, 1247]}, {"key": "consent-of", "type": "clause", "offset": [1251, 1261]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1269, 1287]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1352, 1375]}, {"key": "subject-to", "type": "clause", "offset": [1381, 1391]}, {"key": "applicable-limitations", "type": "clause", "offset": [1403, 1425]}, {"key": "exercise-of", "type": "clause", "offset": [1463, 1474]}, {"key": "limitation-on-sale", "type": "clause", "offset": [1503, 1521]}, {"key": "section-73", "type": "clause", "offset": [1535, 1546]}, {"key": "functions-of-the", "type": "clause", "offset": [1601, 1617]}, {"key": "time-required", "type": "definition", "offset": [1668, 1681]}, {"key": "complete-the", "type": "clause", "offset": [1685, 1697]}, {"key": "winding-up-and-liquidation-of-the-partnership", "type": "clause", "offset": [1698, 1743]}], "samples": [{"hash": "73kqOMhjc1Z", "uri": "/contracts/73kqOMhjc1Z#liquidator", "label": "Agreement of Limited Partnership (MPLX Lp)", "score": 29.0876121521, "published": true}, {"hash": "jbylXmK3hlr", "uri": "/contracts/jbylXmK3hlr#liquidator", "label": "Partnership Interests Restructuring Agreement (MPLX Lp)", "score": 28.9644088745, "published": true}, {"hash": "7OJvXjRYx8G", "uri": "/contracts/7OJvXjRYx8G#liquidator", "label": "Partnership Interests Restructuring Agreement (Marathon Petroleum Corp)", "score": 28.9644088745, "published": true}], "snippet": "Upon dissolution of the Partnership, unless the business of the Partnership is continued pursuant to Section 12.2, the General Partner shall select one or more Persons to act as Liquidator. The Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a Unit Majority . The Liquidator (if other than the General Partner) shall agree not to resign at any time without 15 days\u2019 prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of at least a Unit Majority. Upon dissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be approved by holders of at least a Unit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article XII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Partnership as provided for herein.", "size": 32, "hash": "e54ec24c55c50e7eb2274cbee959f58c", "id": 7}, {"snippet_links": [{"key": "upon-dissolution-of-the-company", "type": "clause", "offset": [0, 31]}, {"key": "the-managing-member", "type": "definition", "offset": [62, 81]}, {"key": "select-one", "type": "clause", "offset": [88, 98]}, {"key": "to-act", "type": "definition", "offset": [150, 156]}, {"key": "in-the-case", "type": "clause", "offset": [172, 183]}, {"key": "the-liquidator", "type": "clause", "offset": [221, 235]}, {"key": "to-receive", "type": "definition", "offset": [254, 264]}, {"key": "compensation-for", "type": "clause", "offset": [265, 281]}, {"key": "at-any-time", "type": "clause", "offset": [356, 367]}, {"key": "notice-to-the", "type": "clause", "offset": [390, 403]}, {"key": "resignation-of-the", "type": "clause", "offset": [529, 547]}, {"key": "all-rights", "type": "clause", "offset": [629, 639]}, {"key": "the-original", "type": "definition", "offset": [662, 674]}, {"key": "right-to-approve", "type": "clause", "offset": [749, 765]}, {"key": "to-refer", "type": "definition", "offset": [849, 857]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [950, 978]}, {"key": "article-xi", "type": "definition", "offset": [987, 997]}, {"key": "further-authorization", "type": "clause", "offset": [1090, 1111]}, {"key": "consent-of", "type": "clause", "offset": [1115, 1125]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1133, 1151]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1216, 1239]}, {"key": "subject-to", "type": "clause", "offset": [1245, 1255]}, {"key": "applicable-limitations", "type": "clause", "offset": [1267, 1289]}, {"key": "exercise-of", "type": "clause", "offset": [1327, 1338]}, {"key": "functions-of-the", "type": "clause", "offset": [1405, 1421]}, {"key": "time-required", "type": "definition", "offset": [1472, 1485]}, {"key": "complete-the", "type": "clause", "offset": [1489, 1501]}, {"key": "winding-up-and-liquidation-of-the-company", "type": "clause", "offset": [1502, 1543]}, {"key": "termination-of-a-series", "type": "clause", "offset": [1585, 1608]}, {"key": "in-connection-with", "type": "clause", "offset": [1621, 1639]}], "samples": [{"hash": "fBVOj9lqXzx", "uri": "/contracts/fBVOj9lqXzx#liquidator", "label": "Series Limited Liability Company Agreement (Ark7 Properties LLC)", "score": 36.9260787964, "published": true}, {"hash": "ar7xr2HXpsH", "uri": "/contracts/ar7xr2HXpsH#liquidator", "label": "Limited Liability Company Agreement (RSE Collection, LLC)", "score": 36.0171127319, "published": true}, {"hash": "ilWdhhFJ2Yn", "uri": "/contracts/ilWdhhFJ2Yn#liquidator", "label": "Limited Liability Company Agreement (RSE Innovation, LLC)", "score": 35.9212875366, "published": true}], "snippet": "Upon dissolution of the Company or termination of any Series, the Managing Member shall select one or more Persons (which may be the Managing Member) to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator shall be entitled to receive compensation for its services as Liquidator; (ii) the Liquidator shall agree not to resign at any time without 15 days prior notice to the Managing Member and may be removed at any time by the Managing Member; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days be appointed by the Managing Member. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this ARTICLE XI, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Managing Member under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of a Series, other than in connection with a dissolution of the Company, the Managing Member shall act as Liquidator.", "size": 249, "hash": "4038ecd8477ca8972f99d1807ea76d5c", "id": 3}, {"snippet_links": [{"key": "the-board", "type": "clause", "offset": [0, 9]}, {"key": "majority-vote-of-the-members", "type": "definition", "offset": [82, 110]}, {"key": "the-council", "type": "clause", "offset": [145, 156]}, {"key": "the-liquidator", "type": "clause", "offset": [158, 172]}, {"key": "power-and-authority-to-sell", "type": "clause", "offset": [189, 216]}], "samples": [{"hash": "ceLT6D8glo9", "uri": "/contracts/ceLT6D8glo9#liquidator", "label": "Limited Liability Company Agreement", "score": 34.7881202698, "published": true}, {"hash": "ael32qUaYYT", "uri": "/contracts/ael32qUaYYT#liquidator", "label": "Limited Liability Company Agreement", "score": 34.7881202698, "published": true}, {"hash": "FgvYOPTePu", "uri": "/contracts/FgvYOPTePu#liquidator", "label": "Limited Liability Company Agreement", "score": 34.7881202698, "published": true}], "snippet": "The Board, or, if the Board is unable to do so, an Entity or person selected by a majority vote of the Members, shall act as the \u201cLiquidator\u201d of the Council. The Liquidator shall have full power and authority to sell, assign, and encumber any or all of the Council\u2019s assets and to wind up and liquidate the affairs of the Council in an orderly manner.", "size": 47, "hash": "2f6d484df4ef759244b7b3faad4a34aa", "id": 6}, {"snippet_links": [{"key": "to-the-maximum-extent-permitted-by-law", "type": "clause", "offset": [0, 38]}, {"key": "without-limitation", "type": "clause", "offset": [51, 69]}, {"key": "no-person", "type": "definition", "offset": [79, 88]}, {"key": "to-the-company", "type": "definition", "offset": [127, 141]}, {"key": "loss-suffered", "type": "clause", "offset": [164, 177]}, {"key": "by-the-company", "type": "clause", "offset": [178, 192]}, {"key": "any-action", "type": "definition", "offset": [227, 237]}, {"key": "provided-that", "type": "definition", "offset": [266, 279]}, {"key": "bad-faith", "type": "definition", "offset": [307, 316]}], "samples": [{"hash": "f8toCZQ24Sj", "uri": "/contracts/f8toCZQ24Sj#liquidator", "label": "Limited Liability Company Agreement (TCW Specialty Lending IX LLC)", "score": 37.2108154297, "published": true}, {"hash": "hHczxsW7xUy", "uri": "/contracts/hHczxsW7xUy#liquidator", "label": "Limited Liability Company Agreement (TCW Specialty Lending LLC)", "score": 37.2026023865, "published": true}, {"hash": "bt2H3z9F2VM", "uri": "/contracts/bt2H3z9F2VM#liquidator", "label": "Limited Liability Company Agreement (TCW Specialty Lending LLC)", "score": 37.0793991089, "published": true}], "snippet": "To the maximum extent permitted by law (including, without limitation, ERISA), no Person serving as liquidator shall be liable to the Company or any Member for any loss suffered by the Company or any Member which arises out of any action or omission of such Person, provided that such Person did not act in bad faith.", "size": 18, "hash": "5b1576e95d5cee63a8777f87d7c59bfb", "id": 9}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNsaXF1aWRhdG9yIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["dissolution-and-liquidation", "Dissolution and Liquidation"], ["reliance-by-third-parties", "Reliance by Third Parties"], ["withdrawal-of-limited-partners", "Withdrawal of Limited Partners"], ["liquidation", "Liquidation"], ["dissolution-termination-and-liquidation", "Dissolution Termination and Liquidation"]], "title": "Liquidator", "children": [["indemnification", "Indemnification"], ["compensation", "Compensation"], ["", ""], ["complete-distribution", "Complete Distribution"], ["powers-of-liquidator", "Powers of Liquidator"]], "size": 1526, "id": "liquidator", "related": [["receiver", "Receiver", "Receiver"], ["appointment-of-receiver", "Appointment of Receiver", "Appointment of Receiver"], ["insolvency-or-bankruptcy", "Insolvency or Bankruptcy", "Insolvency or Bankruptcy"], ["the-liquidator", "The Liquidator", "The <strong>Liquidator</strong>"], ["custodian", "Custodian", "Custodian"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00", "also_ask": ["What key powers and limitations should be expressly defined for the liquidator?", "How can parties negotiate appointment and removal mechanisms to protect their interests?", "What are the most common legal pitfalls or ambiguities in liquidator clauses?", "How do liquidator provisions differ across relevant jurisdictions or legal systems?", "What standards do courts apply to assess the validity and enforceability of liquidator appointments?"], "drafting_tip": "Specify the liquidator's appointment process to prevent disputes, define their powers to ensure clarity of authority, and outline reporting obligations to promote transparency.", "explanation": "The Liquidator clause defines the appointment and authority of a liquidator in the event that a company is wound up or enters liquidation. It typically outlines who may act as the liquidator, the process for their selection, and the scope of their powers to manage, sell, or distribute the company's assets. For example, the clause may specify that the liquidator is empowered to settle outstanding debts, distribute remaining assets among shareholders, and resolve any claims against the company. The core function of this clause is to ensure an orderly and legally compliant process for dissolving the company and distributing its assets, thereby protecting the interests of creditors and shareholders."}, "json": true, "cursor": ""}}