Common use of Management Rights During Winding Up Clause in Contracts

Management Rights During Winding Up. During the period of the winding up of the affairs of the Company, the rights and obligations of the Members set forth herein with respect to the management of the Company shall continue. For purposes of winding up, the Members shall make all decisions relating to the conduct of any business or operations during the winding up period and to the sale or other disposition of Company assets.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Higher Education Funding I), Limited Liability Company Agreement (Higher Education Funding I)

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Management Rights During Winding Up. During the period of the winding up of the affairs of the Company, the rights and obligations of the Members set forth herein with respect to the management of the Company shall continue. For purposes of winding up, the Members Managers shall continue to act as such and shall make all decisions relating to the conduct of any business or operations during the winding up period and to the sale or other disposition of Company assets.

Appears in 1 contract

Samples: Operating Agreement (SSP Solutions Inc)

Management Rights During Winding Up. During the period of the winding up of the affairs of the Company, the rights and obligations of the Members Managing Member(s) set forth herein with respect to the management of the Company shall continue. For purposes of winding up, the Members Managing Member(s) shall continue to act as such and shall make all decisions relating to the conduct of any business or operations during the winding up period and to the sale or other disposition of Company assets.

Appears in 1 contract

Samples: Operating Agreement (Global Casinos Inc)

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Management Rights During Winding Up. During the period of the winding up of the affairs of the Company, the rights and obligations of the Members set forth herein with respect to the management of the Company shall will continue. For purposes of winding up, the Members shall Managers will continue to act as such and will make all decisions relating to the conduct of any business or operations during the the, winding up period and to the sale or other disposition of Company assets.

Appears in 1 contract

Samples: Operating Agreement (Venetian Blends, Inc.)

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