Liquidators Sample Clauses
Liquidators. No Person other than the General Partner that serves as liquidator pursuant to Article 10 shall be liable to the Partnership or any Partner for any loss suffered by the Partnership or any Partner which arises out of any action or omission of such Person, provided that such Person determined, in good faith, that such course of conduct was in, or was not opposed to, the best interest of the Partnership and, with respect to any criminal action or proceeding, had no reasonable cause to believe that such Person’s conduct was unlawful; provided, however, that this Section 12.1.3 shall not affect the General Partner’s right to exculpation pursuant to 12.1.1.
Liquidators. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided in this Section 7.02 and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company Assets and the Company's affairs with all the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:
Liquidators. In the event of a liquidation of the Company, the Parties agree to vote at the extraordinary shareholders' meeting of the Company appointing the liquidators of the Company in such a way that a representative of each Shurgard and Luxco is appointed as liquidator of the Company.
Liquidators. No Person serving as liquidator pursuant to Article 10 shall be liable to the Company or any Member or Designated Representative for any loss suffered by the Company or any Member or Designated Representative which arises out of any action or omission of such Person, provided, that such Person acted in good faith and with respect to any criminal action or proceeding, had no reasonable cause to believe that such conduct was unlawful; provided, however, that the Manager serving as liquidator shall be entitled to exculpation only to the extent provided for in 12.1.1.
Liquidators. The Managers shall act as liquidators to wind up the Company. The Managers shall have full power and authority to sell, assign, and encumber any or all of the Company’s assets and to wind up and liquidate the affairs of the Company in an orderly manner.
Liquidators. As defined in Section 13.3(a).
Liquidators