Sale of Company Assets. Upon dissolution, the Liquidator shall sell such of the Company assets as it deems necessary or appropriate. In lieu of the sale of any or all of the Company Property, after the satisfaction of liabilities to creditors of the Company, the Liquidator may convey, distribute and assign all or any part of Company Property to the Member in such form of ownership as shall be determined by the Liquidator to be applicable to the jurisdiction where such Company Property is located. A full accounting shall be made of the accounts of the Company and of the Company’s assets, liabilities and income, from the date of the last accounting to the date of such
Appears in 5 contracts
Samples: Operating Agreement (DCT Chino LLC), Operating Agreement (DCT Chino LLC), Operating Agreement (DCT Chino LLC)
Sale of Company Assets. Upon dissolution, the Liquidator shall sell such of the Company assets as it deems necessary or appropriate. In lieu of the sale of any or all of the Company Property, after the satisfaction of liabilities to creditors of the Company, the Liquidator may convey, distribute and assign all or any part of Company Property to the Member in such form of ownership as shall be determined by the Liquidator to be applicable to the jurisdiction where such Company the Property is located. A full accounting shall be made of the accounts of the Company and of the Company’s 's assets, liabilities and income, from the date of the last accounting to the date of suchsuch dissolution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rowan N-Class (Gibraltar) LTD)
Sale of Company Assets. Upon dissolution, the Liquidator shall sell such of the Company assets as it deems necessary or appropriate. In lieu of the sale of any or all of the Company Property, after the satisfaction of liabilities to creditors of the Company, the Liquidator may convey, distribute and assign all or any part of Company Property to the Member in such form fom1 of ownership as shall be determined detem1ined by the Liquidator to be applicable to the jurisdiction where such Company the Property is located. A full accounting shall be made of the accounts of the Company and of the Company’s 's assets, liabilities and income, from the date of the last accounting to the date of suchsuch dissolution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rowan N-Class (Gibraltar) LTD)