Common use of Time for Liquidation Clause in Contracts

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Liquidating Agent 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 the Certificate of Cancellation with the Delaware Secretary of State.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding winding-up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Liquidating Agent 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 the Certificate of Cancellation with the Delaware Secretary of State.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding winding-up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Liquidating Agent 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 Certificate of Cancellation Formation with the Delaware Secretary of StateState of the State of Delaware.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Liquidating Agent Managing Member (or liquidating trustee or other representative) 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 and, subject to Section 13.11, shall terminate upon cancellation of the Certificate of Cancellation Articles in accordance with the Delaware Secretary of StateAct.