Common use of Wind-Up Clause in Contracts

Wind-Up. (a) Upon the dissolution of the Company, the Company shall be liquidated in accordance with this Article 8 and the Act. The liquidation shall be conducted and supervised by the Board in the same manner provided by Article 6 with respect to the operation of the Company during its term.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (New Mountain Finance Corp), Limited Liability Company Agreement (New Mountain Finance Corp), Limited Liability Company Agreement (New Mountain Finance Corp)

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Wind-Up. (a) Upon the dissolution of the Company, the Company shall be liquidated in accordance with this Article 8 and the Act. The liquidation shall be conducted and supervised by the Board in the same manner provided by Article 6 with respect to the operation of the Company during its term.. (b) From and after the date on which an event set forth in Section 8.2(a) becomes effective, the Company shall cease to enter into or make Investments after that date, except for Investments permitted pursuant to clauses (ii) through (v)

Appears in 1 contract

Samples: www.sec.gov

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