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Common use of Winding Up and Liquidation Clause in Contracts

Winding Up and Liquidation. Except as otherwise provided in this Agreement, upon dissolution of the Company the Managing Member shall designate a liquidator (the “Liquidator”) whom shall wind up the affairs of the Company and distribute the assets of the Company in accordance with the DLLC Act and Section 3.6 of this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Macquarie Infrastructure Holdings, LLC), Limited Liability Company Agreement, Limited Liability Company Agreement

Winding Up and Liquidation. Except as otherwise provided in this Agreement, upon dissolution of the Company the Managing Member Board of Managers shall designate a act as the liquidator (the “Liquidator”) whom and, as such, shall wind up the affairs of the Company and distribute the assets of the Company in accordance with the DLLC Act and Section 3.6 of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Flynn James E), Limited Liability Company Agreement (Deerfield/Rab Ventures, LLC)

Winding Up and Liquidation. Except as otherwise provided in this Agreement, upon dissolution of the Company the Managing Member Board of Managers shall designate a act as the liquidator (the “Liquidator”) whom and, as such, shall wind up the affairs of the Company and distribute the assets of the Company in accordance with the DLLC Act and Section 3.6 3.3 of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Macquarie Energy Transition Infrastructure Fund, LLC)