Winding up of Joint Venture. (a) Immediately following the occurrence of a Termination Event, the Manager must commence winding up Joint Venture Activities including:
Winding up of Joint Venture. Immediately following the occurrence of a Termination Event, the Board must commence (or procure) winding up Joint Venture Activities including:
Winding up of Joint Venture. Promptly after termination of the Joint Venture under this Article 30, the Operator under the supervision of the Management Committee, will take all action necessary to wind up the activities of the Joint Venture, provided that all costs and expenses incurred in connection with the termination of the joint Venture will be Costs chargeable to the Joint Venture.
