Common use of MANNER OF WINDING UP Clause in Contracts

MANNER OF WINDING UP. The Partnership shall engage in no further business following dissolution other than that necessary for the orderly winding up of the business and distribution of assets. The maintenance of offices shall not be deemed a continuation of the business for purposes of this Section 8.3(c). Upon dissolution of the Partnership, the Liquidator shall (i) cause to be filed a certificate of cancellation in accordance with the LP Act, and (ii) determine the time, manner and terms of any sale or sales of Partnership property pursuant to such winding up, consistent with its fiduciary responsibility and having due regard to the activity and condition of the relevant market and general financial and economic conditions. Upon completion of winding up of the Partnership, the Liquidator shall cause to be filed a certificate of cancellation in accordance with the LP Act.

Appears in 9 contracts

Samples: Delta Energy Center, LLC, Delta Energy Center, LLC, Delta Energy Center, LLC

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MANNER OF WINDING UP. The Partnership shall engage in no further business following dissolution other than that necessary for the orderly winding up of the business and distribution of assets. The maintenance of offices shall not be deemed a continuation of the business for purposes of this Section 8.3(c). Upon dissolution of the Partnership, the Liquidator shall (i) cause to be filed a certificate of cancellation in accordance with the LP Act, and (ii) determine the time, manner and terms of any sale or sales of Partnership property pursuant to such winding up, consistent with its fiduciary responsibility and having due regard to the activity and condition of the relevant market and general financial and economic conditions. Upon completion of winding up of the Partnership, the Liquidator shall cause to be filed a certificate of cancellation in accordance with the LP Act.

Appears in 2 contracts

Samples: NRG Retail LLC, NRG Retail LLC

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MANNER OF WINDING UP. The Partnership shall engage in no further business following dissolution other than that necessary for the orderly winding up of the business and distribution of assets. The maintenance of offices shall not be deemed a continuation of the business for purposes of this Section 8.3(c). Upon dissolution of the Partnership, the Liquidator shall (i) cause to be filed a certificate of cancellation in accordance with the LP Act, and (ii) determine the time, manner and terms of any sale or sales of Partnership property pursuant to such winding up, consistent with its fiduciary responsibility and having due regard to the activity and condition of the relevant market and general financial and economic conditions. Upon completion of "winding up of the Partnership, the Liquidator shall cause to be filed a certificate of cancellation in accordance with the LP Act.

Appears in 1 contract

Samples: Delta Energy Center, LLC

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