Common use of Reasonable Time for Winding Up Clause in Contracts

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's interest in the Company) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b).

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Altera Infrastructure L.P.), Limited Liability Company Agreement (Teekay Offshore Partners L.P.), Limited Liability Company Agreement (Teekay Offshore Partners L.P.)

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Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's ’s interest in the Company) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (ElectroCore, LLC), Limited Liability Company Agreement (ElectroCore, LLC)

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company Partnership and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company Partnership (or any Member's Partner’s interest in the CompanyPartnership) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Regulations Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (J.Jill, Inc.)

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's Unitholder’s interest in the Company) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Language Line Services Holdings, Inc.), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)

Reasonable Time for Winding Up. A reasonable time will be ------------------------------ allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's interest in the Company) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Muzak Finance Corp)

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's ’s interest in the Company) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 ninety (90) days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b).

Appears in 1 contract

Samples: Business Purchase Agreement (Hc2 Holdings, Inc.)

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's ’s interest in the Company) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 ninety (90) days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hc2 Holdings, Inc.)

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Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's ’s interest in the Company) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Teekay Corp)

Reasonable Time for Winding Up. A reasonable time will be allowed ------------------------------ for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any MemberUnitholder's interest in the Company) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).. -

Appears in 1 contract

Samples: Limited Liability Company Agreement (Avalon Cable Holdings Finance Inc)

Reasonable Time for Winding Up. A reasonable time will be allowed ------------------------------ for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's interest in the Company) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(bsection 1.704-1(b)(2)(ii)(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Muzak Finance Corp)

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2(b) above in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Company (or any Member's Unitholder’s interest in the Company) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704‑1(b)(2)(ii)(b1.704-1(b)(2)(ii)(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Atlantic Broadband Management, LLC)

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