Common use of Orderly Liquidation Clause in Contracts

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 22 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CNL Growth Properties, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.)

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Orderly Liquidation. A reasonable time as determined by the Member (or the Person carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 19 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the normal losses normally attendant upon a liquidation.

Appears in 12 contracts

Samples: Operating Agreement (Strategic Timber Trust Inc), Operating Agreement (Strategic Timber Trust Inc), Limited Liability Company Agreement (Interactive Voice Media (Sacramento) Corp.)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Superconductor Technologies Inc), Operating Agreement (Morgans Hotel Group Co.), Limited Liability Company Operating Agreement (Interhealth Facility Transport, Inc.)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 8 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Orderly Liquidation. A reasonable time as determined by the Manager (or the Person carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Orderly Liquidation. A reasonable time as determined by the Initial Member (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC), Limited Liability Company Agreement (Tesoro Logistics Lp), Limited Liability Company Agreement (Tesoro Logistics Finance Corp.)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company Partnership and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 5 contracts

Samples: Limited Partnership Agreement, Guaranty Agreement (Homes for America Holdings Inc), Homes for America Holdings Inc

Orderly Liquidation. A reasonable time as determined by the Sole Member (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC), Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC), Limited Liability Company Agreement (Tesoro High Plains Pipeline Co LLC)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company Partnership and the discharge of liabilities to creditors so as to enable the Members Partners to minimize the losses normally attendant upon a liquidation.

Appears in 4 contracts

Samples: Partnership Agreement (Pruco Life Variable Contract Real Property Account), Partnership Agreement (Pruco Life of New Jersey Variable Contract Real Property Acc), Partnership Agreement (Pruco Life of New Jersey Variable Contract Real Property Acc)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors creditors, so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 3 contracts

Samples: Operating Agreement (News Communications Inc), Operating Agreement (Hollinger Nci Holdings LLC), Operating Agreement (Liberty Group Holdings Inc)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members Member to minimize the normal losses normally attendant upon a liquidation.

Appears in 3 contracts

Samples: Agreement of Limited Liability Company (CVG Oregon, LLC), Agreement of Limited Liability Company (CVG Oregon, LLC), Agreement of Limited Liability Company (CVG Oregon, LLC)

Orderly Liquidation. A reasonable time as determined by the Managers (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 3 contracts

Samples: Operating Agreement (FD Spinco II, Inc.), Operating Agreement (FD Spinco II, Inc.), Operating Agreement (FD Spinco II, Inc.)

Orderly Liquidation. A reasonable time as determined by the Board (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (JMP Group LLC), Agreement and Plan of Merger (JMP Group LLC)

Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge discharges of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (HC Government Realty Trust, Inc.)

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Orderly Liquidation. A reasonable time shall will be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses fees normally attendant upon a liquidation.

Appears in 1 contract

Samples: Operating and Protocol Agreement (Statmon Technologies Corp)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors creditors, so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (F45 Training Holdings Inc.)

Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidationdissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Orderly Liquidation. A reasonable time shall be allowed for the ------------------- orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entergy Corp /De/)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the those losses normally attendant upon a liquidation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Glimcher Realty Trust)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company Venture and the discharge of liabilities to creditors so as to enable the Members Venturers to minimize the losses normally attendant upon a liquidation.

Appears in 1 contract

Samples: Joint Venture Agreement (Bovie Medical Corp)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.

Appears in 1 contract

Samples: Operating Agreement (Biolife Solutions Inc)

Orderly Liquidation. A reasonable time as determined by the Manager (or the Person or Persons carrying out the liquidation) shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to enable the Members to minimize the any losses normally attendant upon a liquidation.dissolution. 7.4

Appears in 1 contract

Samples: Operating Agreement (Tesoro High Plains Pipeline Co LLC)

Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company Venture and the discharge of liabilities to creditors so as to enable the Members Partners to minimize the losses normally attendant upon a liquidation.

Appears in 1 contract

Samples: Limited Partnership Agreement (D&e Communications Inc)

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