Common use of Time for Winding-Up Clause in Contracts

Time for Winding-Up. A reasonable time shall be allowed for the orderly liquidation of assets of the Company and the discharge or other provision of liabilities to creditors so as to enable the Liquidating Person to minimize any losses attendant upon a liquidation.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Integrated Silicon Solution Inc), Limited Liability Company Agreement (Altera Corp)

AutoNDA by SimpleDocs

Time for Winding-Up. A reasonable time shall will be allowed for the orderly liquidation of assets of the Company and the discharge or other provision of liabilities to creditors so as to enable the Liquidating Person Board of Managers to minimize any the normal losses attendant upon a liquidation.

Appears in 1 contract

Samples: Operating Agreement (Ak Steel Holding Corp)

AutoNDA by SimpleDocs

Time for Winding-Up. A reasonable time shall be allowed for the orderly liquidation of assets of the Company Partnership and the discharge or other provision of liabilities to creditors so as to enable the Liquidating Person General Partner to minimize any the normal losses attendant upon a liquidation.

Appears in 1 contract

Samples: Limited Partnership Agreement (Everflow Eastern Partners Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!