Winding Up; Liquidation. Upon dissolution, an accounting shall be made by the Company's independent accountants of the accounts of the Company and of the Company's assets, liabilities and operations, from the date of the previous accounting until the date of the Dissolution Event, and the Managing Member shall appoint a liquidator (the "Liquidator") to liquidate and wind up the affairs of the Company. The Liquidator shall sell or otherwise liquidate all of the Company's assets as promptly as practicable and allocate any profit or loss resulting from sales of Company assets to the Members in accordance with this Agreement.
Appears in 3 contracts
Samples: Operating Agreement (Mediacom Capital Corp), Operating Agreement (Mediacom Capital Corp), Limited Liability Company Operating Agreement (Mediacom Broadband Corp)
Winding Up; Liquidation. Upon dissolution, an accounting shall be made by the Company's ’s independent accountants of the accounts of the Company and of the Company's ’s assets, liabilities and operations, from the date of the previous accounting until the date of the Dissolution Event, and the Managing Member shall appoint a liquidator (the "“Liquidator"”) to liquidate and wind up the affairs of the Company. The Liquidator shall sell or otherwise liquidate all of the Company's ’s assets as promptly as practicable and allocate any profit or loss resulting from sales of Company assets to the Members in accordance with this Agreement.
Appears in 1 contract