Common use of Liquidation and Termination Clause in Contracts

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On the dissolution of the Company, the Manager shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company the Company’s expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator the liquidating trustee or may appoint one or more Persons as liquidatorthe liquidating trustee. The liquidators liquidating trustee shall proceed diligently to wind up the affairs of the Company and make final distributions Distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distributionDistribution, the liquidators liquidating trustee shall continue to operate the Company properties with all of the power and authority of the Manager. The Subject to the Delaware Act, the steps to be accomplished by the liquidators liquidating trustee are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager Managers shall act as liquidator or may appoint one or more Persons Members as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the ManagerManagers. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager Board shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerBoard. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager Managing Member shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Maryland Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerManaging Member. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions Distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager Board shall act as liquidator or may appoint one or more Persons Representatives or Members as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerBoard. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On Upon dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties in furtherance of winding up the affairs of the Company with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware ActTBOC. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On the dissolution of the Company, the Manager shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein in this Agreement and in the Delaware Act. The costs of liquidation shall be borne as a Company the Company’s expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On the liquidation, dissolution or winding-up of the CompanyLLC (“Liquidation”), the Manager Manager, or any other Person or Persons designated by the Manager, shall act as liquidator or may appoint one or more Persons as liquidator(the “Liquidator”). The liquidators Liquidator shall proceed diligently to wind up the affairs of the Company LLC and make final distributions as provided herein and in the Delaware Act. The costs of liquidation Liquidation shall be borne as a Company expenseexpenses of the LLC. Until final distribution, the liquidators Liquidator shall continue to operate the Company LLC properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators Liquidator are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidatorliquidators. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The Subject to the Act, the steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On the dissolution of the Company, the Manager Managing Member shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company the Company’s expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerManaging Member. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On the dissolution of the Company, the Manager shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator the liquidating trustee or may appoint one or more Persons as liquidatorthe liquidating trustee. The liquidators liquidating trustee shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidating trustee shall continue to operate the Company properties with all of the power and authority of the Manager. The Subject to the Delaware Act, the steps to be accomplished by the liquidators liquidating trustee are as follows:

Liquidation and Termination. (a) On the dissolution of the Company, the Manager shall act as liquidator or (in its sole discretion) may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware LLC Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On dissolution of the Company, Company the Manager shall act as liquidator or may appoint one or more other Persons as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware ActTBOC. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:follows:‌

Liquidation and Termination. On Upon dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. (a) On the dissolution of the Company, the Manager Board of Directors shall act as liquidator or (in its sole discretion) may appoint one or more Persons as liquidatorrepresentatives. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerBoard of Directors. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On the dissolution of the Company, the Manager Managing Member shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein in this Agreement and in the Delaware Act. The costs of liquidation shall be borne as a Company the Company’s expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerManaging Member. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. (a) On dissolution of the Company, the Manager Members shall act as liquidator or may appoint one or more Persons (which may be a Member) as liquidatorliquidator (the “Liquidator”). The liquidators Liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators Liquidator shall continue to operate the Company properties with all of the power and authority of the a duly authorized Manager. The steps to be accomplished by the liquidators Liquidator are as follows:

Liquidation and Termination. On dissolution Upon dissolution, the Company shall not be terminated and shall continue until the winding up of the affairs of the Company is completed. Upon the winding up of the Company, the Manager Managing Member shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerManaging Member. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On Upon a dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution Upon dissolution, the Company shall not be terminated and shall continue until the winding up of the affairs of the Company is completed. Upon the winding up of the Company, the Manager Managing Member shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:Delaware

Liquidation and Termination. On Upon dissolution of the Company, the Manager shall act as liquidator or may appoint in writing one or more Persons as liquidator. The liquidators who shall proceed diligently have full authority to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Actherein. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On Upon dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons serve as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware ActLaw. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all assets subject to the provisions of the power and authority of the Managerthis Agreement. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On the dissolution of the Company, the Manager Board or its designee shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidators. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company the Company’s expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the ManagerBoard. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution occurrence of the Companyan Event of Dissolution, the Manager Managers shall act as liquidator or may appoint one or more Persons as a liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the ManagerManagers. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On Upon the dissolution of the Company, the Manager shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until the final distributiondistribution in accordance herewith, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Company, the Manager shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions Distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidators are as follows:follows:‌