Winding Up, Liquidation and Distribution of Assets of a Series Upon Termination of the Series. (a) Upon termination of a Series, the Manager shall wind up such Series’ affairs; provided, however, that a reasonable time shall be allowed for the orderly liquidation of the assets of such Series and the discharge of liabilities of such Series to its creditors so as to enable the Manager to minimize any losses attendant upon a liquidation. The proceeds of liquidation shall be distributed in accordance with Section 7.9(b).
Winding Up, Liquidation and Distribution of Assets of a Series Upon Termination of the Series. (a) Upon termination of a Series, the Managers shall commence to wind up the Series' affairs; provided, however, that a reasonable time will be allowed for the orderly liquidation of the assets of the Series and the discharge of liabilities of the Series to its creditors so as to enable the Members associated with the Series to minimize any losses attendant upon a liquidation. The Members associated with the Series will continue to share in the allocation of the Profits and Losses of the Series during the liquidation of the Series in the same proportions as before liquidation of the Series. The Members associated with the Series will be furnished with a statement prepared by a certified public accountant selected by the Managers, in its sole discretion, at the expense of the Series, that will set forth the assets and liabilities of the Series as of the date of termination. Except as otherwise provided in a Separate Series Operating Agreement of a Series, proceeds of liquidation will be distributed in the following order and priority:
