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 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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Examples of Liquidating Manager in a sentence

  • If the supplier being a company is wound up voluntarily by the order of a court or a receiver, Liquidating Manager on behalf of the Debenture-Holders is appointed or circumstances shall have arisen which entitles the court or Debenture-Holders to appoint a Receiver, Liquidator or Manager.

  • If the supplier being a company is wound up voluntarily by the order of a court or a receiver, Liquidating Manager on behalf of the Debenture-Holders is appointed or circumstances shall have arisen which entitles the court or DebentureHolders to appoint a Receiver, Liquidator or Manager.

  • If the supplier being a company is wound up voluntarily by the order of a court or a receiver, Liquidating Manager on behalf of the Debenture−Holders is appointed or circumstances shall have arisen which entitles the court or Debenture− Holders to appoint a Receiver, Liquidator or Manager.

  • 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.

  • A product may be designed to go into a low-power mode after periods of inactivity.

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

  • The Liquidating Manager in turn required a provision declaring it had no responsibility for Sub-Adviser’s and Issuer Fund’s own compliance with Section 817(h) and Treasury Regulations Section 1.817-5.

  • 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.

  • If the supplier being a company is wound up voluntarily by the order of a court or a receiver, Liquidating Manager on behalf of the Debenture-Holders is appointed or circumstances shall have arisen which entitles the court or Debenture- Holders to appoint a Receiver, Liquidator or Manager.


More Definitions of Liquidating Manager

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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Liquidating Manager means a Manager of the Company selected by the Members or, in the failure of the Members to select a Liquidating Manager, the Person or Persons appointed by a court of competent jurisdiction pursuant to Subsection 18-803 of the LLC Act.
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Related to Liquidating Manager

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

  • Liquidating Agent has the meaning specified in Section 7.2(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 (except to the extent the Managing Member holds Non-Managing Member Units).

  • 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 has the meaning set forth in the Preamble.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • 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.