Common use of Winding Up Affairs on Dissolution Clause in Contracts

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons required or permitted by law to carry out the winding up of the affairs of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

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Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons required or permitted by law to carry out the winding up of the affairs of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreement.. 12.3

Appears in 2 contracts

Samples: Operating Agreement (Dynamic Associates Inc), Operating Agreement (Dynamic Associates Inc)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons required or permitted by law to carry out the winding up of the affairs of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; , and, after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons required or permitted by law to carry out the winding up of the affairs of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, . after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (CBL & Associates Limited Partnership)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons required or permitted by law to carry out Member shall be responsible for overseeing the winding up of the affairs and liquidation of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; and shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, after . After paying or providing for the payment of all liabilities and obligations of the Company, the Member shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (UTI Holdings, LLC)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members Managers or the other persons required or permitted by law to carry out the winding up of the affairs of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, after collecting the debts and obligations owed to the Company and after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreementin accordance with Section 16.3.

Appears in 1 contract

Samples: Operating Agreement (VHS of Anaheim Inc)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons Persons required or permitted by law to carry out the winding up of the affairs of the Company shall (a) promptly notify all Members of such dissolution; shall (b) wind up the affairs of the Company; shall (c) prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, and (d) after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Be Aerospace Inc)

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Winding Up Affairs on Dissolution. Upon dissolution of the Company, one Member selected by a majority in interest of the Members or the other persons required or permitted by law to carry out shall be responsible for overseeing the winding up of the affairs and liquidation of the Company shall promptly notify all Members of such dissolution; shall wind up the affairs of the Company; and shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, after . After paying or providing for the payment of all liabilities and obligations of the Company, such Member shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (IPMT Transport, LLC)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members or the other persons required or permitted by law to carry out the winding up of the affairs of the Company shall promptly notify all Members of such dissolution; : shall wind up the affairs of the Company; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, . after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (CBL & Associates Limited Partnership)

Winding Up Affairs on Dissolution. Upon dissolution of the Company, the Members Officers or the other persons Persons required or permitted by law to carry out the winding up of the affairs of the Company shall (a) promptly notify all Members of such dissolution; shall , (b) wind up the affairs of the Company; shall , (c) prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Company; and, and (d) after collecting the debts and obligations owed to the Company and after paying or providing for the payment of all liabilities and obligations of the Company, shall distribute the assets of the Company as provided by the terms of this Agreementin accordance with Section 5.3 hereof.

Appears in 1 contract

Samples: Operating Agreement (Thermoenergy Corp)

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