Procedure in Dissolution and Liquidation. (a) Upon dissolution of the Company pursuant to Section 10.02 hereof, the Managers shall immediately commence to wind up its affairs and the Managers shall proceed with reasonable promptness to liquidate the business of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Smart Move, Inc.), Operating Agreement (Smart Move, Inc.)
Procedure in Dissolution and Liquidation. (a) a. Upon dissolution of the Company pursuant to Section 10.02 hereof7.1, unless the Company is reconstituted under Section 9.2, the Managers shall immediately commence to wind up its affairs and the Managers Manager shall proceed with reasonable promptness to wind up the affairs of and liquidate the business of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Standard Parking Ii LLC), Operating Agreement (Standard Parking Ii LLC)
Procedure in Dissolution and Liquidation. (a) a. Upon dissolution of the Company pursuant to Section 10.02 hereof8.1, the Managers Management Board shall immediately commence to wind up its the affairs of and the Managers shall proceed with reasonable promptness to liquidate the business of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Franklin Covey Co)
Procedure in Dissolution and Liquidation. (a) Upon a. Except as provided in Section 9.1, herein, upon dissolution of the Company pursuant to Section 10.02 hereof7.3, the Managers Member shall immediately commence to wind up its the affairs of and the Managers shall proceed with reasonable promptness to liquidate the business of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (EnergySolutions Midwest, LLC)
