Winding-Up Procedures. 1. Promptly upon final dissolution of the Company, the affairs of the Company shall be wound up and the Company liquidated. Profits and Losses (and items thereof) with respect to the Company realized during the winding up period shall be allocated among the applicable Capital Accounts of the Members pursuant to Article 5. 2. Distributions in liquidation may be made in cash or in kind or partly in cash and partly in kind in accordance with paragraph 7.5. The Manager or the liquidator shall use its reasonable judgment as to the most advantageous time for the Company to sell investments or to make distributions in kind.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Winding-Up Procedures. 1. Promptly upon final final dissolution of the Company, the affairs affairs of the Company shall be wound up and the Company liquidated. Profits Profits and Losses (and items thereof) with respect to the Company realized during the winding up period shall be allocated among the applicable Capital Accounts of the Members pursuant to Article 5.
2. Distributions in liquidation may be made in cash or in kind or partly in cash and partly in kind in accordance with paragraph 7.5. The Manager or the liquidator shall use its reasonable judgment as to the most advantageous time for the Company to sell investments or to make distributions in kind.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Winding-Up Procedures. 1. Promptly upon final final dissolution of the Company, the affairs affairs of the Company shall be wound up and the Company liquidated. Profits Profits and Losses Xxxxxx (and items thereof) with respect to the Company realized during the winding up period shall be allocated among the applicable Capital Accounts of the Members pursuant to Article 5.
2. Distributions in liquidation may be made in cash or in kind or partly in cash and partly in kind in accordance with paragraph 7.5. The Manager or the liquidator shall use its reasonable judgment as to the most advantageous time for the Company to sell investments or to make distributions in kind.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
