Orderly Winding Up. Notwithstanding anything herein to the contrary, upon winding up and liquidation, if required to maximize the proceeds of liquidation, the Members may, upon approval of the Requisite Preferred Holders, transfer the assets of the Company to a liquidating trust or trustees.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cullinan Oncology, LLC), Limited Liability Company Agreement (Cullinan Oncology, LLC)
Orderly Winding Up. Notwithstanding anything herein to the contrary, contrary in this Article 12 upon winding up and liquidation, if required to maximize the proceeds of liquidation, the Members may, upon approval of the Requisite Preferred Holdersunanimous approval, transfer the assets of the Company to a liquidating trust trustee or trustees.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cenex Harvest States Cooperatives), Limited Liability Company Agreement (Harvest States Cooperatives)
Orderly Winding Up. Notwithstanding anything herein to the contrary, contrary in Sections 9.1 and 9.2 upon winding up and liquidation, if required to maximize the proceeds of liquidation, the Members may, upon approval of the Requisite Preferred Holdersholders of all of the Units, transfer the assets of the Company to a liquidating trust trustee or trustees.
Appears in 1 contract
Samples: Joint Venture Agreement (Chicago Miniature Lamp Inc)
