Winding Up and Distribution of Assets. (a) If the Company is dissolved, the Manager shall wind up the affairs of the Company. Upon the winding up of the Company, subject to the provisions of the Act, the Manager shall pay or make reasonable provision to pay all claims and obligations of the Company, including all costs and expenses of the liquidation and all contingent, conditional or unmatured claims and obligations that are known to the Manager but for which the identity of the claimant is unknown. If there are sufficient assets, such claims and obligations shall be paid in full and any such provision shall be made in full.
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement (FD Spinco II, Inc.), Operating Agreement (FD Spinco II, Inc.)
