Winding Up and Liquidation of the Company. Upon dissolution, the Company shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and the Sole Member. Upon dissolution, a full accounting of the assets and liabilities of the Company shall be taken, and the Company assets shall be distributed as promptly as possible as hereinafter provided:
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Greenpoint Mortgage Securities LLC), Limited Liability Company Agreement (Ikon Receivables Funding LLC), Limited Liability Company Agreement (Ikon Receivables LLC)
Winding Up and Liquidation of the Company. Upon ----------------------------------------- dissolution, the Company shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and the Sole Member. Upon dissolution, a full accounting of the assets and liabilities of the Company shall be taken, and the Company assets shall be distributed as promptly as possible as hereinafter provided:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ikon Receivables Funding LLC), Limited Liability Company Agreement (Ikon Receivables LLC)
Winding Up and Liquidation of the Company. Upon dissolution, the Company shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and the Sole Member. Upon dissolutionIn so doing, a full accounting of the assets and liabilities of the Company shall be taken, taken and the Company Company's assets shall be distributed as promptly as possible as hereinafter provided:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copelco Capital Funding LLC 99-B)
Winding Up and Liquidation of the Company. Upon dissolution, the Company shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and the Sole Member. Upon dissolutionIn so doing, a full accounting of the assets and liabilities of the Company shall be taken, taken and the Company Company's assets shall be distributed as promptly as possible as hereinafter provided:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copelco Capital Funding Corp Xi)
Winding Up and Liquidation of the Company. Upon dissolution, the Company shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and the Sole MemberMembers. Upon dissolutionIn so doing, a full accounting of the assets and liabilities of the Company shall be taken, taken and the Company Company's assets shall be distributed as promptly as possible as hereinafter provided:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copelco Capital Funding LLC 99-1)
Winding Up and Liquidation of the Company. Upon dissolution, the Company shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and the Sole Member; provided, however, that creditors of the Company shall be able to continue operations of the Company at their option until their debt has been paid in full or otherwise completely discharged. Upon dissolution, a full accounting of the assets and liabilities of the Company shall be taken, and the Company assets shall be distributed as promptly as possible as hereinafter provided:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ikon Receivables LLC)
