Common use of Termination of the Company Clause in Contracts

Termination of the Company. Upon the dissolution of the Company and the completion of the winding-up process set forth in Section 9.2 and the making of the Final Distribution (with release of all remaining reserves for contingent liabilities), the Manager (or such other Person or Persons as the Act may require or permit) will (a) cause, when appropriate to do so under Delaware law, the cancellation of the Certificate and any filings required by clause (iii) of Section 4.3, and take (or cause to be taken) such other actions as may be necessary to terminate the Company, and (b) promptly upon the same becoming available, obtain and deliver to each of the Initial Member and the FDIC applicable evidence of such cancellation and termination, including a certified (by the Delaware Secretary of State) copy of the filed Certificate of Cancellation.

Appears in 6 contracts

Samples: Private Owner Interest Sale and Assignment Agreement, Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement

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Termination of the Company. Upon the dissolution of the Company and the completion of the winding-up process set forth in Section 9.2 and the making of the Final Distribution (with release of all remaining reserves for contingent liabilities), the Manager (or such other Person or Persons as the Act may require or permit) will (a) cause, when appropriate to do so under Delaware law, the cancellation of the Certificate and any filings required by clause (iii) of Section 4.3, and take (or cause to be taken) such other actions as may be necessary to terminate the Company, and (b) promptly upon the same becoming available, obtain and deliver to each of of‌ the Initial Member and the FDIC applicable evidence of such cancellation and termination, including a certified (by the Delaware Secretary of State) copy of the filed Certificate of Cancellation.Cancellation.‌

Appears in 1 contract

Samples: Private Owner Interest Sale and Assignment Agreement

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Termination of the Company. Upon the dissolution of the Company and the completion of the winding-up process set forth in Section 9.2 and the making of the Final Distribution (with release of all remaining reserves for contingent liabilities), the Manager (or such other Person or Persons as the Act may require or permit) will (a) cause, when appropriate to do so under Delaware law, the cancellation of the Certificate and any filings required by clause (iii) of Section 4.3, and take (or cause to be taken) such other actions as may be necessary to terminate the Company, and (b) promptly upon the same becoming available, obtain and deliver to each of of‌ the Initial Member and the FDIC applicable evidence of such cancellation and termination, including a certified (by the Delaware Secretary of State) copy of the filed Certificate of Cancellation.Cancellation.‌‌

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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