Liquidating Manager definition

Liquidating Manager is defined in Section 9.2(a).
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Liquidating Manager means the General Partner(s) who did not wrongfully dissolve the Partnership who remain after the Partnership is dissolved, if it is not properly reconstituted, or, in the absence of any such remaining General Partner, the Person or Persons selected to effect the liquidation of the Partnership by the Limited Partner or, in both the absence of any such remaining General Partner and the failure of the Limited Partner to select a Liquidating Manager within the period of time during which the Partnership may be properly reconstituted following its dissolution, the Person or Persons appointed by a court of competent jurisdiction pursuant to Section 803(a) of the Partnership Act.
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Liquidating Manager means the Managing Members or, if there is no Managing Member, then any Person appointed by 50% or more of the outstanding Voting Interests of the Company.
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Examples of Liquidating Manager in a sentence

  • The assets of any such trust shall be distributed to the Members and Economic Interest Owners from time to time in the reasonable discretion of the Liquidating Manager, in the same proportions as the amount distributed to such trust by the Company would otherwise have been distributed to such persons pursuant to this Agreement.

  • Upon the dissolution of the Company and the completion of the liquidation and winding up of the Company's affairs and business, the Liquidating Manager shall (or if the Liquidating Manager fails to act, then any Member may) prepare and file a cancellation document or certificate with the Secretary of State, as required by the Act.

  • The Liquidating Manager may make distributions to the Members in each or in kind, or partly in cash and partly in kind, in divided or undivided interests, and to allocate any property towards the satisfaction of any payment or distribution due to the Members in such manner as the Liquidating Manager may determine, whether or not such distributive shares may as a result be composed of differently.

  • The Liquidating Manager shall cause a full accounting of the Assets and liabilities of the Company to be taken and shall cause the Assets to be liquidated and the business to be wound up as promptly as possible by either or both of the following methods: (i) selling the Assets and distributing the net proceeds therefrom in accordance with Section 9.2(b) or (ii) if the Liquidating Manager shall so determine, distributing the Assets in kind in accordance with Section 9.2(b).

  • The Members shall select a Liquidating Manager (who may be any Member) who shall serve only for purposes of winding up the Company.

  • Upon the dissolution of the Partnership, if it is not reconstituted by the Partners as permitted in this Agreement, the Liquidating Manager will proceed to wind up the affairs and business of the Partnership.

  • If at any time (whether before or after termination of the Partnership) any of the funds placed in reserve(s)under this Article are released because, in the opinion of the Liquidating Manager, the need for the reserve(s) has ended, the funds will be distributed in accordance with this Article.

  • Cash allocated to an Allowed Claim but withheld from distribution pursuant to this subsection shall be held by the Liquidating Manager for the account of and future distribution to the holder of such Allowed Claim.

  • In connection with the winding up, the Liquidating Manager will sell or otherwise dispose of the Partnership's assets; provided, however, that, without the written consent of the Limited Partner, except to the extent required to satisfy the debts and liabilities of the Partnership, the Liquidating Manager will not sell any of the assets of the Partnership.

  • Until final distribution, the Liquidating Manager will continue to operate the Partnership properties with all of the power and authority of the General Partner.


More Definitions of Liquidating Manager

Liquidating Manager means the General Partner or Partners who did not wrongfully dissolve the Partnership who remain after the Partnership is dissolved, if its business is not properly carried on, or, in the absence of any such remaining General Partner, the person or persons selected to effect the liquidation of the Partnership by a Majority in Interest of the Limited Partners or, in both the absence of any such General Partner and the failure of the Limited Partners to select a Liquidating Manager within the period of time during which the Partnership's business may be properly continued following its dissolution, the person or persons appointed by a court of competent jurisdiction pursuant to Section 8.04(a) of the Partnership Act.
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Related to Liquidating Manager

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Existing Manager means THR Property Management L.P.

  • self-liquidating paper means any draft, xxxx of exchange, acceptance or obligation which is made, drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, xxxx of exchange, acceptance or obligation.

  • Manager has the meaning set forth in 2.1.

  • Non-Managing Member means any Member other than the Managing Member.

  • Fund Manager means the manager appointed for the day-to-day management and administration of the scheme.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Training manager means the individual responsible for administering a training program and monitoring the performance of principal instructors and guest instructors.

  • Managing entity means the managing agent or, if there is no managing agent, the time-share

  • ISA Manager means Investec Bank plc.

  • Non-Lead Special Servicer means the “special servicer” under any Non-Lead Securitization Servicing Agreement.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • CFPC means the College of Family Physicians of Canada.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • Managing Partner means Geodyne Production Company, a Delaware corporation, and any other Person admitted as additional or Substituted Managing Partner pursuant to Article Six of this Agreement.

  • Operating Advisor means the operating advisor appointed as provided in the Lead Securitization Servicing Agreement.

  • Non-Lead Operating Advisor means the “trust advisor”, “operating advisor” or other analogous term under any Non-Lead Securitization Servicing Agreement.

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.