Common use of Steps of Liquidator Clause in Contracts

Steps of Liquidator. The steps to be accomplished by the liquidator are as follows: (i) As promptly as possible after dissolution, the liquidator shall cause a proper accounting to be made of the Company's assets, liabilities and Operations through the last day of the month in which the dissolution occurs. (ii) The liquidator shall pay all of the debts and liabilities of the Company or otherwise make adequate provision for such debts and liabilities (including, the establishment of a cash escrow fund for contingent liabilities in such amount and for such term as the liquidator may reasonably determine) to the extent required by the Act. (iii) The liquidator shall then by payment of cash or property (at the election of the liquidator, and, in the case of property, valued under Section 5.3 of Exhibit C) distribute to the Members such amounts or property as are required to distribute all remaining amounts or property to the Members in accordance with Section 7.2.

Steps of Liquidator. The steps to be accomplished by the liquidator are as follows: (i) As promptly as possible after dissolution, the liquidator shall will cause a proper accounting to be made of the Company's ’s assets, liabilities and Operations through the last day of the month in which the dissolution occurs. (ii) The liquidator shall will pay all of the debts and liabilities of the Company or otherwise make adequate provision for such debts and liabilities (including, the establishment of a cash escrow fund for contingent liabilities in such amount and for such term as the liquidator may reasonably determine) to the extent required by the Act. (iii) The liquidator shall will then by payment of cash or property (at the election of the liquidator, and, in the case of property, valued under Section 5.3 of Exhibit C) distribute to the Members such amounts or property as are required to distribute all remaining amounts or property to the Members in accordance with Section 7.2.

Steps of Liquidator. The steps to be accomplished by the liquidator are as follows: (i) As promptly as possible after dissolution, the liquidator shall cause a proper accounting to be made of the Company's ’s assets, liabilities and Operations through the last day of the month in which the dissolution occurs. (ii) The liquidator shall pay all of the debts and liabilities of the Company or otherwise make adequate provision for such debts and liabilities (including, the establishment of a cash escrow fund for contingent liabilities in such amount and for such term as the liquidator may reasonably determine) to the extent required by the Act. (iii) The liquidator shall then by payment of cash or property (at the election of the liquidator) , and, in the case of property, valued under Section 5.3 at the fair market values of Exhibit Csuch property as determined by the Management Committee.) distribute to the Members such amounts or property as are required to distribute all remaining amounts or property to the Members pro rata in accordance with Section 7.2proportion to their respective Interests.

Steps of Liquidator. The steps to be accomplished by the liquidator are as follows: (i) As promptly as possible after dissolution, the liquidator shall cause a proper accounting to be made of the Company's assets’s Assets, liabilities and Operations through the last day of the month in which the dissolution occurs. (ii) The liquidator shall pay all of the debts and liabilities of the Company or otherwise make adequate provision for such debts and liabilities (including, the establishment of a cash escrow fund for contingent liabilities in such amount and for such term as the liquidator may reasonably determine) to the extent required by the Act. (iii) The liquidator shall then by payment of cash or property (at the election of the liquidator, and, in the case of property, valued under Section 5.3 of Exhibit C) distribute to the Members such amounts or property as are required to distribute all remaining amounts or property to the Members in accordance with Section 7.2.

Steps of Liquidator. The steps to be accomplished by the liquidator are as follows: (i) As promptly as possible after dissolution, the liquidator shall cause a proper accounting to be made of the Company's ’s assets, liabilities and Operations through the last day of the month in which the dissolution occurs. (ii) The liquidator shall pay all of the debts and liabilities of the Company or otherwise make adequate provision for such debts and liabilities (including, the establishment of a cash escrow fund for contingent liabilities in such amount and for such term as the liquidator may reasonably determine) to the extent required by the Act. (iii) The liquidator shall then by payment of cash or property (at the election of the liquidator, and, in the case of property, valued under Section 5.3 of Exhibit C) distribute to the Members such amounts or property as are required to distribute all remaining amounts or property to the Members in accordance with Section 7.2.