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 a certificate of cancellation of the Certificate of Formation with the Secretary of State of the State of Delaware.
Appears in 1 contract
Samples: Strategic Investment Agreement (Hightimes Holding Corp.)
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 winding-up and until the filing of a certificate of cancellation of the Certificate of Formation Cancellation with the Delaware Secretary of State of the State of DelawareState.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Green Plains Inc.)
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 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 of a certificate of and, subject to Section 13.11, shall terminate upon cancellation of the Certificate of Formation Articles in accordance with the Secretary of State of the State of DelawareAct.
Appears in 1 contract
Samples: Operating Agreement
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 Formation Cancellation with the Delaware Secretary of State of the State of DelawareState.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Helios & Matheson Analytics Inc.)
