Common use of Winding Down Clause in Contracts

Winding Down. From and after the sixth anniversary of the Company’s formation, unless the Capital Members otherwise mutually agree or unless the Company has previously been dissolved, the Members shall cooperate in the marketing and sale of all or substantially all of the assets or outstanding Company Interests, or any other similar transaction to potentially interested third parties, such that the Company can be formally liquidated prior to the end of its stated term.

Winding Down. From and after the sixth (6th) anniversary of the Company’s formation, unless a Majority Interest of the Capital Members otherwise mutually agree or unless the Company has previously been dissolved, the Members shall cooperate in the marketing and sale of all or substantially all of the assets or outstanding Company Interests, or any other similar transaction to potentially interested third parties, such that the Company can be formally liquidated prior to the end of its stated term.