Liquidating Agent. The winding up of the Company shall be conducted and supervised by a person designated for such purposes (the “Liquidating Agent”) by the Directors, or if the Directors cannot designate such person, by a Majority of the Class B Members, or by the sole Remaining Member if there is only one Remaining Member. The Liquidating Agent hereby is authorized and empowered to execute any and all documents and to take any and all actions necessary or desirable to effectuate the winding up and termination of the Company in accordance with this Agreement and the Act.
Appears in 2 contracts
Sources: Company Agreement, Company Agreement