Common use of Winding Up and Certificate of Dissolution Clause in Contracts

Winding Up and Certificate of Dissolution. The winding up of the Company shall be completed when all debts, liabilities, and obligations of the Company have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining Company Property has been distributed to the Members. Upon the completion of winding up of the Company, a certificate of cancellation shall be delivered for filing to the Secretary of State of the State of Delaware. The certificate of cancellation shall set forth the information required by the Act.

Appears in 3 contracts

Samples: Operating Agreement (NHP Inc), Operating Agreement (NHP Inc), Operating Agreement (NHP Inc)

AutoNDA by SimpleDocs

Winding Up and Certificate of Dissolution. The winding up of the Company shall be completed when all debts, liabilities, and obligations of the Company have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining Property and assets of the Company Property has have been distributed to the Membersas provided in Section 8.3 hereof. Upon the completion of winding up of the Company, a certificate Certificate of cancellation Dissolution shall be delivered for filing to the Office of the Secretary of State of the State of DelawareDelaware for filing. The certificate Certificate of cancellation Dissolution shall set forth the information required by the Act.

Appears in 2 contracts

Samples: Operating Agreement (Land O Lakes Inc), Operating Agreement (Land O Lakes Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!