Common use of Time for Liquidation, etc Clause in Contracts

Time for Liquidation, etc. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and until the filing of a certificate of cancellation of the Statement/notice of dissolution with the Registrar of Exempted Limited Partnerships of the Cayman Islands.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc)

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Time for Liquidation, etc. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and until the filing of a certificate of cancellation of the Statement/notice of dissolution Partnership with the Registrar Secretary of Exempted Limited Partnerships of the Cayman IslandsState.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc)

Time for Liquidation, etc. A Notwithstanding any other provision hereof, a reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and until the filing of a certificate of cancellation of the Statement/notice of dissolution Partnership with the Registrar Secretary of Exempted Limited Partnerships of the Cayman IslandsState.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)

Time for Liquidation, etc. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership General Partner to seek to minimize potential losses upon such liquidation. The Subject to Section 13.1, the provisions of this Agreement shall remain in full force and effect during the period of winding up and until the filing of a certificate of cancellation of the Statement/notice of dissolution of the Partnership with the Registrar of Exempted Limited Partnerships of the Cayman Islands.

Appears in 1 contract

Samples: Marsh & McLennan Companies Inc

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Time for Liquidation, etc. A reasonable time period shall be allowed for the orderly winding winding-up and liquidation of the assets of the Partnership Company and the discharge of liabilities to creditors so as to enable the Partnership Managing Member to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding winding-up and until the filing of a certificate of cancellation of the Statement/notice of dissolution with the Registrar of Exempted Limited Partnerships of the Cayman IslandsCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Harbor Global Co LTD)

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