Common use of Time Period of Liquidation Clause in Contracts

Time Period of Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the LLC and the payment of the liabilities of the LLC in order to minimize the normal loss attendant upon a liquidation.

Appears in 3 contracts

Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)

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Time Period of Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the LLC and the payment of the liabilities of the LLC in order to minimize the normal loss attendant upon a liquidation.

Appears in 1 contract

Samples: Operating Agreement

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