Common use of Winding Up of Affairs Clause in Contracts

Winding Up of Affairs. Upon the dissolution of the Company, the Board shall wind up the affairs of the Company. The Board shall determine the time, place, manner and other terms of any sales involving the Company’s assets and the discharge or assumption of its liabilities, with due regard to the activity and the condition of the Company and the relevant market and economic conditions.

Appears in 3 contracts

Samples: Operating Agreement (Dominion Energy Gas Holdings, LLC), Operating Agreement (Dominion Energy Gas Holdings, LLC), Operating Agreement (Dominion Gas Holdings, LLC)

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Winding Up of Affairs. Upon the dissolution of the Company, the Board shall wind up the affairs of the Company. The Board shall determine the time, place, manner and other terms of any sales involving the Company’s 's assets and the discharge or assumption of its liabilities, with due regard to the activity and the condition of the Company and the relevant market and economic conditions.

Appears in 1 contract

Samples: Operating Agreement (Dominion Gas Holdings, LLC)

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