Common use of Statement of Termination Clause in Contracts

Statement of Termination. The Members shall be furnished by the Manager with a statement prepared, at Company expense, by the Accountant that shall set forth the assets and liabilities of the Company as of the date of complete liquidation and distribution as herein provided. Such statement shall also schedule the receipts and disbursements made with respect to the termination hereunder.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

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Statement of Termination. The Members Managers shall be furnished by furnish each of the Manager Members, at the Company's expense, with a statement prepared, at Company expense, by the Accountant that which shall set forth the assets and liabilities of the Company as of the date of complete liquidation and distribution as herein provided. Such statement shall also schedule the receipts and disbursements made with respect to the termination hereunderhereunder and shall be final and binding upon all persons, except such persons who may file a specific and detailed written protest thereof within 90 days of his or her receipt of the statement.

Appears in 4 contracts

Samples: Operating Agreement (Sparking Events, Inc.), Operating Agreement (Sparking Events, Inc.), Operating Agreement (Cavalier Holdings, Inc.)

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