Sale of Assets Upon Dissolution. Following the dissolution of the Company, the Company shall be wound up and the Management Committee shall determine whether the assets of the Company are to be sold or whether some or all of such assets are to be distributed to the Members in kind in liquidation of the Company.
Appears in 3 contracts
Samples: Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc)
Sale of Assets Upon Dissolution. Following the dissolution of the Company, the Company shall be wound up and the Management Committee Board shall determine whether the assets of the Company are to be sold or whether some or all of such assets are to be distributed to the Members in kind in liquidation of the Company.
Appears in 2 contracts
Samples: Operating Agreement (BHC Meadows Partner Inc), Limited Liability Company Agreement (BHC Meadows Partner Inc)
Sale of Assets Upon Dissolution. Following the dissolution of the Company, the Company shall be wound up and the Management Committee Board of Directors shall determine whether the assets of the Company are to be sold or whether some or all of such assets are to be distributed to the Members Member in kind in liquidation of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BHC Meadows Partner Inc)
