Winding Up and Liquidation. (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the Managers, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.
Appears in 25 contracts
Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC)
Winding Up and Liquidation. (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in subsection (c) of this Section 6.26.2(c), in winding up the Company and liquidating the assets thereof, the Managers, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.
Appears in 19 contracts
Samples: Operating Agreement, Operating Agreement (EarthLink Holdings, LLC), Operating Agreement (Windstream Lexcom Wireless, LLC)
Winding Up and Liquidation. (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the MemberMembers. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the ManagersGovernors, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member Members of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the MemberMembers, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.
Appears in 3 contracts
Samples: Operating Agreement (Windstream NuVox Arkansas, Inc.), Operating Agreement (Windstream NuVox Arkansas, Inc.), Operating Agreement (Windstream NuVox Arkansas, Inc.)
Winding Up and Liquidation. (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the ManagersGovernors, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.
Appears in 3 contracts
Samples: Operating Agreement (Windstream NuVox Arkansas, Inc.), Operating Agreement (Windstream NuVox Arkansas, Inc.), Operating Agreement (Windstream NuVox Arkansas, Inc.)
Winding Up and Liquidation. (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the MemberMembers. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the Managers, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member Members of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the MemberMembers, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.
Appears in 2 contracts
Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (Windstream NuVox Arkansas, Inc.)
Winding Up and Liquidation. (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the ManagersBoard of Directors, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.
Appears in 1 contract