Winding Up, Liquidation and Distribution of Assets of the Series Upon Dissolution of the Series. (a) Upon dissolution of the Series, the Manager shall 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 Manager to minimize any losses attendant upon a liquidation. The proceeds of liquidation will be distributed in accordance with Section 7.2(b).
Appears in 14 contracts
Samples: Form of Series Operating Agreement, Series Operating Agreement (Landa App LLC), Series Operating Agreement (Landa App LLC)