Period of 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 Company to minimize losses; provided, that liquidating distributions shall be made within the time specified in Treas. Reg. Section 1.704-l(b)(2)(ii)(b)(2).
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Broadview Networks Holdings Inc), Limited Liability Company Operating Agreement (Broadview Networks Holdings Inc)
Period of 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 Company to minimize losses; provided, that liquidating distributions shall be made within the time specified in Treas. Reg. Section 1.704l.704-l(b)(2)(ii)(b)(2).
Appears in 1 contract
Samples: Limited Liability (Broadview Networks Holdings Inc)
Period of 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 Company to minimize losses; provided, that liquidating distributions shall be made within the time specified in Treas. Reg. Section 1.704-l(b)(2)(ii)(b)(21(b)(2)(ii)(b)(2).
Appears in 1 contract
Samples: Limited Liability (Broadview Networks Holdings Inc)
