Liquidating Trustee. (a) Upon the dissolution of the Company, the affairs of the Company shall be wound up and terminated and the Member shall continue to share Net Income, Net Loss, Distributable Cash and other items of the Company during the winding-up period in accordance with the provisions of Articles IV and V hereof. The winding-up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Liquidating Trustee, who is hereby authorized to do all acts authorized by law for these purposes. The Liquidating Trustee, in carrying out such winding-up and distribution, shall have full power and authority to sell, assign, transfer and encumber all or any of the Company assets.
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Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Liquidating Trustee. (a) Upon the dissolution of the Company, the affairs of the Company shall be wound up and terminated and the Member Members shall continue to share Net Income, Net Loss, Distributable Cash and other items of the Company during the winding-up period in accordance with the provisions of Articles IV and V hereof. The winding-up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Liquidating Trustee, who is hereby authorized to do all acts authorized by law for these purposes. The Liquidating Trustee, in carrying out such winding-winding up and distribution, shall have full power and authority to sell, assign, transfer and encumber all or any of the Company assets.
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Samples: Operating Agreement (Jack Miller Family Limited Partnership 1), Operating Agreement (Tekoil & Gas Corp)
Liquidating Trustee. (a) Upon the dissolution of the Company, the affairs of the Company shall be wound up and terminated and the Member Members shall continue to share Net Income, Net Loss, Distributable Cash in distributions and other items of the Company during the winding-up period in accordance with the provisions of Articles Article IV and V hereof. The winding-up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Liquidating Trustee, who is hereby authorized to do all acts authorized by law for these purposes. The Liquidating Trustee, in carrying out such winding-winding up and distribution, shall have full power and authority to sell, assign, transfer and encumber all or any of the Company assets.
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Samples: Limited Liability Company Agreement (RJR Packaging, LLC), Limited Liability Company Agreement (RJR Packaging, LLC)
Liquidating Trustee. (a) Upon the dissolution of the Company, the affairs of the Company shall be wound up and terminated and the Member Members shall continue to share Net Income, Net Loss, Distributable Cash and other items of the Company during the winding-up period in accordance with the provisions of Articles IV and V hereof. The winding-up of the affairs of the Company and the distribution of its assets shall be conducted exclusively by the Liquidating Trustee, who is hereby authorized to do all acts authorized by law for these purposes. The Liquidating Trustee, in carrying out such winding-winding up and distribution, shall have full power and authority to sell, assign, transfer and encumber all or any of the Company assets. The Liquidating Trustee shall be the Managing Member, unless the Managing Member has appointed another Person as Liquidating Trustee.
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