Upon dissolution. the Members shall look solely to the assets of the Company for the return of their Capital Contributions. The winding up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Manager.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Upon dissolution. the Members shall look solely to the assets of the Company for the return of their Capital Contributions. The winding up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Manager, who hereby is authorized to do any and all acts and things authorized by law for these purposes.
Appears in 2 contracts
Samples: Operating Agreement (Amerifirst Fund I LLC), Operating Agreement (Global Express Capital Real Estate Investment Fund I LLC)
Upon dissolution. the Members shall look solely to the assets of the Company for the return of their Capital Contributions. The winding up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Manager, or a liquidating agent retained by the Manager, who hereby are authorized to do any and all acts and things authorized by law for these purposes.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Panache Beverage, Inc.)
Upon dissolution. the Members shall look solely to the assets of the Company for the return of their Capital Contributions. The winding up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the ManagerManaging Member, who is hereby authorized to do any and all acts and things authorized by law for these purposes.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Upon dissolution. the Members shall look solely to the assets of the Company for the return of their Capital Contributions. The winding up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Managers, who hereby are authorized to do any and all acts and things authorized by law for these purposes. In the event of the dissolution or Bankruptcy of the sole remaining Manager, and there is a failure of the Members to appoint a new Manager, the winding up of the affairs of the Company and the distribution of its assets shall be conducted by the remaining Members.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Quintel Communications Inc)
Upon dissolution. the Members shall look solely to the assets of the Company for the return of their Capital Contributionscapital contributions. The winding up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the ManagerManager who is hereby authorized to take all actions necessary to accomplish such distribution, including, without limitation, selling any Company assets it deems necessary or appropriate to sell.
Appears in 1 contract
