Procedure on Dissolution. Upon the occurrence of any of the events set out in Section 13.1, the General Partner (or in the event of an occurrence specified in Section 13.1(a), any other Person as may be appointed by resolution passed by a majority of the holders of the GP Units) will act as a receiver and liquidator of the assets of the Partnership and will:
Procedure on Dissolution. Upon the occurrence of any of the events set out in Section 13.1, the General Partner will act as a receiver and liquidator of the assets of the Partnership and will:
Procedure on Dissolution. (a) Upon the dissolution and termination of the Company, a liquidating trustee (the “Liquidating Trustee”), which shall be selected by the Member and may be the Member, shall wind up the Company’s affairs and shall liquidate all of the assets of the Company in an orderly and expeditious manner. If the Company is dissolved while its business is in progress, the winding up of the affairs of the Company may include completion of performance under any contracts in existence on the date of dissolution. The Liquidating Trustee, if other than the Member, shall make an accounting to the Member of the financial results of the operations of the Company from the date of the last previous accounting to the date of dissolution.
Procedure on Dissolution. On December 31, 2023 (or such later date as may be determined pursuant to section 11.1) or upon the occurrence of any of the events set forth in Section 11.1, the General Partner (or in the event of an occurrence specified in Section 11.1 (a) or (b), such other Person as may be appointed by Ordinary Resolution of the Limited Partners) shall act as a receiver and liquidator of the assets of the Partnership and shall in the following order and priority:
Procedure on Dissolution. Upon dissolution of the Company, the General Partner, and if there is no General Partner, then the Partners, shall proceed with reasonable promptness to wind up the business affairs of the Company and to liquidate the Company's business and assets by selling all of the Company's assets. The proceeds from the sale of the assets of the Company shall be distributed in the following order of priority:
Procedure on Dissolution. (1) The receiver will prepare or cause to be prepared a statement of financial position of the Partnership which will be reported upon by the Auditor (if any) and a copy of which will be forwarded to each Person who was shown on the Register as a Partner at the date of dissolution. The receiver will wind up the affairs of the Partnership and will manage and operate the assets and undertaking of the Partnership and will have all powers and authority of the General Partner under this Agreement. The receiver will be paid its reasonable fees and disbursements incurred in carrying out its duties as such.
Procedure on Dissolution. Upon dissolution of the Company under Section 8.2, the Member or its designee shall proceed to liquidate and wind up the business of the Company. Upon the winding up of the Company, the business of the Company may be continued in order to maximize the Company's value as a going concern for eventual sale. The Company, in lieu of selling all or any of the Company assets, may convey the assets in kind to the Member. The Company assets and the proceeds of any liquidation sale shall be applied and distributed at the closing of any sale in the following order of priority:
Procedure on Dissolution. Upon the occurrence of any of the events set out in Section 11.1, the General Partner (or in the event of an occurrence specified in Subsection 11.1 (a), any other Person who may be appointed in writing by all of the holders of LP Units other than the General Partner being or deemed to be removed) will act as a receiver and liquidator of the assets of the Partnership and will, subject to the Act:
Procedure on Dissolution. Upon dissolution of the Company under Section 8.2, the Member shall proceed to liquidate and wind up the business of the Company. Upon the winding up of the Company, the business of the Company may be continued in order to maximize the Company’s value as a going concern for eventual sale. The Company, in lieu of selling all or any of the Company assets, may convey the assets in kind to the Member. The Company assets and the proceeds of any liquidation sale shall be applied and distributed at the closing of any sale in the following order of priority:
Procedure on Dissolution. Upon dissolution of the Company, the Manager, and if there is no Manager, then the Members, shall proceed with reasonable promptness to wind up the business affairs of the Company and to liquidate the Company's business and assets by selling all of the Company's assets. The proceeds from the sale of the assets of the Company shall be distributed in the following order of priority:
