Common use of Liquidation and Termination Clause in Contracts

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more 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 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 Members. The steps to be accomplished by the liquidators are as follows:

Appears in 125 contracts

Samples: Limited Liability Company Agreement (Ub Fuel Cell, LLC), Limited Liability Company Agreement (Ub Fuel Cell, LLC), Limited Liability Company Agreement (Ub Fuel Cell, LLC)

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Liquidation and Termination. (a) On dissolution of the Company, the Majority Members Managing Member shall act as liquidator or may appoint one or more Members 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 Actthis Agreement. The costs of liquidation shall will 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 MembersManaging Member. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 11 contracts

Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)

Liquidation and Termination. On dissolution of the Company, the Majority Members Manager shall act as liquidator or may appoint one or more Members 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 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 MembersManager. The steps to be accomplished by the liquidators are as follows:

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise White Paper Sales Corp.), Limited Liability Company Agreement (Boise White Paper Sales Corp.)

Liquidation and Termination. On dissolution of the Company, the Majority Members Managing Member shall act as liquidator or may appoint one or more Members 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 ActDLLCA. The costs of liquidation shall be borne as a Company expense. Until final distributiontermination of the Company, the liquidators shall continue to operate the Company properties with all of the power and authority of the MembersManaging Member. The steps to be accomplished by the liquidators are as follows:

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Baker Hughes Holdings LLC), Limited Liability Company Agreement (Graphic Packaging International, LLC), Assignment and Assumption Agreement (Graphic Packaging Holding Co)

Liquidation and Termination. (a) On the dissolution of the Company, the Majority Members Managing Member shall act as liquidator or (in its sole discretion) may appoint one (1) 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 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 MembersManaging Member. The steps to be accomplished by the liquidators are as follows:

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Tallgrass Energy GP, LP), Limited Liability Company Agreement (Kelso GP VIII, LLC)

Liquidation and Termination. On dissolution of the Company, the Majority Members may Member shall appoint one or more Members 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 Act. The costs of liquidation shall be borne by the Company as a Company expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all subject to the provisions of the power and authority of the Membersthis Agreement. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Dell International L.L.C.), Limited Liability Company Agreement (Dell Inc), Limited Liability (Dell Inc)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members may shall appoint in writing one or more Members as liquidator. The liquidators who shall proceed diligently have full authority to wind up the affairs of the Company and make final distributions distribution as provided herein and in the 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 Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Noble Midstream Partners LP)

Liquidation and Termination. On dissolution of the Company, a majority of the Majority Members may shall appoint one or more Members persons as liquidatorliquidators of the Company. The liquidators shall proceed diligently to wind forthwith commence the winding up of the affairs Company’s business and the liquidation of its property. All proceeds from the sale or disposition of the property of the Company and make final distributions as provided herein and in shall, to the Act. The costs of liquidation shall maximum extent permitted by law, 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 Members. The steps to be accomplished by the liquidators are applied as follows:

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (PanAmSat Satellite HGS 3, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members shall act as liquidator or may appoint one or more 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 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 Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 5 contracts

Samples: Operating Agreement (Piedmont Natural Gas Co Inc), Operating Agreement (Public Service Co of North Carolina Inc), Operating Agreement (Piedmont Natural Gas Co Inc)

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

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Stein Avy H), Limited Liability Company Agreement (Stein Avy H), Limited Liability Company Agreement (Stein Avy H)

Liquidation and Termination. On Upon dissolution of the Company, a Majority of the Majority Members may Managers shall appoint in writing one or more Members as liquidator. The liquidators who shall proceed diligently have full authority to wind up the affairs of the Company and make final distributions distribution as provided herein and in the 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 MembersManagers. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Clayton Williams Energy Inc /De), Limited Liability Company Agreement (NBL Texas, LLC), Limited Liability Company Agreement (Georesources Inc)

Liquidation and Termination. On dissolution of the Company, the Majority Members Sole Member may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expensean expense of the Company. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the MembersSole Member. The Subject to Section 18-804 of the Act, the steps to be accomplished by the liquidators liquidator are as follows:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company Agreement, Limited Liability Company Agreement (Williams Partners L.P.)

Liquidation and Termination. On dissolution of the Company, the Majority Members Holdings Member, or, during any Holdings Member Default Period, the Managing Member, may appoint one or more Members Persons as liquidatorliquidator(s), which Person or Persons shall be reasonably approved by the Crestwood Member. The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Crestwood Midstream Partners LP), Limited Liability Company Agreement (Crestwood Midstream Partners LP), Limited Liability Company Agreement (Crestwood Midstream Partners LP)

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

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Signal Genetics LLC), Limited Liability Company Agreement (Signal Genetics LLC)

Liquidation and Termination. On Upon the dissolution of the Company, a majority of the Majority Members Board may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the Members. The Subject to Section 18-804 of the Act, the steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Exco Resources Inc), Limited Liability Company Agreement (Harbinger Group Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members Manager shall act as liquidator or may appoint one or more Members 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 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 MembersManager. The steps to be accomplished by the liquidators are as follows:

Appears in 2 contracts

Samples: Operating Agreement (Stack Rock Capital, L.L.C.), Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more Members Member shall act 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 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 Membersproperties. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Operating Agreement (A.W. Realty Company, LLC), Operating Agreement (A.W. Realty Company, LLC)

Liquidation and Termination. On dissolution of the Company, a majority of the Majority Members Board may appoint one or more Members other Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and liquidate the Company’s assets and make final distributions as provided herein and in the Actherein. The costs of liquidation shall will be borne as a Company expense. Until final distribution, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the Members. The Subject to Section 18-804 of the Act, the steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Harbinger Group Inc.), Limited Liability Company Agreement (Exco Resources Inc)

Liquidation and Termination. (g) On dissolution of the Company, the Majority Members may appoint one or more Members Manager shall, with the Consent of the Class A Members, act 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 Actthis Agreement. The costs of liquidation shall will be borne as a Company expenseExpense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NRG Yield, Inc.), Assignment and Assumption Agreement (NRG Yield, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members may Company shall appoint one or more 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 under the 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 MembersManagers. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Tronox Pigments Australia Holdings Pty LTD), Limited Liability Company Agreement (Tronox Pigments Australia Holdings Pty LTD)

Liquidation and Termination. On (i)On dissolution of the Company, the Majority Members may appoint one or more Members Manager shall, with the Consent of the Members, act 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 Actthis Agreement. The costs of liquidation shall will be borne as a Company expenseReimbursable Expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Clearway Energy LLC), Limited Liability Company Agreement (Clearway Energy, Inc.)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members may Manager shall appoint in writing one or more Members as liquidator. The liquidators (who may but need not be a Member or the Manager), who shall proceed diligently have full authority to wind up the affairs of the Company and to make a final distributions distribution as provided herein and in the Actherein. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators liquidator(s) shall continue to operate the Company properties Company, with all of the power and authority of the MembersManagement Committee and the Manager, to the extent necessary or appropriate for the efficient completion of liquidation. The steps to be accomplished by the liquidators liquidator(s) are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Uranium Energy Corp)

Liquidation and Termination. On dissolution of the Company, the Majority Members Manager shall act as liquidator or may appoint one or more Members 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 this Agreement within the Acttime required by Treasury Regulations Section 1.704-1(b)(2)(ii)(b)(2) (or any successor thereto) if applicable. 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 MembersManager. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Helix Biomedix Inc)

Liquidation and Termination. (a) On dissolution of the Company, the Majority Members may appoint one or more Members Manager shall, with the Consent of the Class A Members, act 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 Actthis Agreement. The costs of liquidation shall will be borne as a Company expenseExpense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Clearway Energy, Inc.), Limited Liability Company Agreement (Clearway Energy LLC)

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

Appears in 1 contract

Samples: Limited Liability Company Agreement (Arc Logistics Partners LP)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members may shall appoint in writing one or more Members as liquidator. The liquidators who shall proceed diligently have full authority to wind up the affairs of the Company and make final distributions distribution as provided herein and in the 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 Membersa Manager. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Great Plains Energy Inc)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members may appoint one or more Members Managers shall collectively serve as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Company and make final [mal distributions as provided herein and in the 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 MembersManagers and the Officers. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Lbo Capital Corp)

Liquidation and Termination. (a) On dissolution of the Company, the Majority Members may appoint one or more Members Manager shall, with the Consent of the Members, act 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 Actthis Agreement. The costs of liquidation shall will be borne as a Company expenseReimbursable Expense. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Clearway Energy, Inc.)

Liquidation and Termination. On Except as otherwise provided herein, upon dissolution of the Company, the Majority Members shall act as liquidator or may appoint in writing one or more Members 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 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 Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Samson Holdings, Inc.)

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

Appears in 1 contract

Samples: Limited Liability Company Agreement (GNC Holdings, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members may holding a majority of the Common Units entitled to vote shall appoint one a Member or more Members to act as liquidatorliquidator(s). The liquidators liquidator(s) shall proceed diligently to wind up the affairs of the Company and make final distributions Distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until all final distributionDistributions are made, the liquidators liquidator(s) shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator(s) are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Yankee Holding Corp.)

Liquidation and Termination. On dissolution of the Company, the Majority Manager shall act as liquidator unless the Members may appoint one or more Members as holding a Required Interest select another 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 ActTBOC. 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 MembersManager. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greenway Technologies Inc)

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

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more Members shall 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 ActCorporation Law. 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 Membersproperties. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (United Auto Group Inc)

Liquidation and Termination. On dissolution of the Company, the Majority Members Managing Member shall act as the liquidator or may appoint one or more Members designees 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 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 Members. The steps to be accomplished by the liquidators are as follows:Managing Member.

Appears in 1 contract

Samples: Preferred Securities Purchase Agreement (Leucadia National Corp)

Liquidation and Termination. On dissolution of the Company, the Majority Members Member shall act as liquidator or may appoint one or more Members other Persons to act 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 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 Members. The steps to be accomplished by the liquidators are as follows:Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more Members shall 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 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 Membersproperties. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Visteon European Holdings, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members shall act as liquidator or may appoint one or more Members as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of o f the Company and make final distributions as provided herein and in the 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 Members. The steps to be accomplished by the liquidators are as follows:.

Appears in 1 contract

Samples: Operating Agreement (TB Wood's INC)

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Liquidation and Termination. On dissolution of the Company, the Majority Members shall act as liquidator or may appoint one or more Members 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 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 MembersCompany’s Properties. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)

Liquidation and Termination. On dissolution of the CompanyCompany the Member, or such person as may be appointed by the Majority Members may appoint one or more Members as Member, will be the liquidator. The liquidators shall liquidator will proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall will be borne as a Company expense. Until final distributionliquidation, the liquidators shall liquidator will continue to operate the Company properties with all of the power and authority of the MembersMember and a manager. The steps to be accomplished by the liquidators are as followsliquidator include the following:

Appears in 1 contract

Samples: Agreement and Plan of Merger (TWO RIVERS WATER Co)

Liquidation and Termination. On dissolution of the Company, the Majority Members Member shall act as liquidator or may appoint one or more Members Officers 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 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 Members. The steps to be accomplished by the liquidators are as follows:Member.

Appears in 1 contract

Samples: Operating Agreement (IDQ Operating, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more Members shall serve as liquidator. The liquidators liquidator shall proceed diligently gently to wind up the affairs of the Company and make final distributions as provided herein and in the 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 Company’s business with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Edgen Louisiana CORP)

Liquidation and Termination. On dissolution of the Company, the Majority Members shall act as liquidator or may appoint one or more Members other Persons to act 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 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 Members. The steps to be accomplished by the liquidators are as follows:.

Appears in 1 contract

Samples: Operating Agreement (Connect Invest II LLC)

Liquidation and Termination. On Upon dissolution of the Company, Company or such Person as the Majority Members Company Manager may appoint one or more Members designate shall act 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 Actherein. The costs of liquidation shall be borne as a Company expense, as applicable. Until final distribution, the liquidators liquidator shall continue to operate the Company properties with all of the power and authority of the MembersCompany Manager hereunder. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. On dissolution of the Company, the Majority Members Managers shall act as liquidator or may appoint one or more 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 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 MembersManagers. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Operating Agreement

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more 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 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 Members. The steps to be accomplished by the liquidators are as follows:8

Appears in 1 contract

Samples: Limited Liability Company Agreement (NRG Rema LLC)

Liquidation and Termination. On dissolution of the Company, the Majority Members Member may appoint itself (or if there be more than one Member, one or more Members 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 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 MembersMember. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (LiveWatch Security, LLC)

Liquidation and Termination. On dissolution of the Company, the Majority Managing Member or such other or additional Class A Member or Members may appoint one or more Members shall act 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 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 MembersManaging Member. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hanson Luise V)

Liquidation and Termination. On dissolution of the Company, the Majority Members may shall appoint one or more 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 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 Board and the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (NationsHealth, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members Member shall act as liquidator or may appoint one or more Members other Persons to act 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 ActTBOC. 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 Members. The steps to be accomplished by the liquidators are as follows:Member.

Appears in 1 contract

Samples: Company Agreement (River Medical Inc)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more Members shall 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 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 Company’s business with all of the power and authority of the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Edgen Louisiana CORP)

Liquidation and Termination. On dissolution Dissolution of the Company, a Person shall be designated by the Majority Members may appoint one or more Members to act 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 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 Members; provided, however, that such liquidator may be removed and replaced at any time and for any reason by the Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (DigiPath,Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members Managing Member shall act as the liquidator or may appoint one or more Members designees as liquidatorliquidator (the “Liquidator”). The liquidators Liquidator shall proceed diligently to wind up the affairs of the Company and 6 make final distributions as provided herein and in the 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 MembersManaging Member. The steps to be accomplished by the liquidators are as follows:6.03

Appears in 1 contract

Samples: Securities Purchase Agreement

Liquidation and Termination. On dissolution of the Company, the Majority Members may Company shall appoint one or more 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 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 Members. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Crown Beverage Packaging, LLC)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members Sole Member shall act as a liquidator or may appoint one or more Members Persons as liquidatorliquidator (“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 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 MembersSole Member. The steps to be accomplished by the liquidators Liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Dynegy Morro Bay, LLC)

Liquidation and Termination. On dissolution of the Company, the Majority Members Managers shall act as liquidators or may appoint one or more Members 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 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 MembersManagers. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (US Power Generating CO)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more 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 Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the .the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Alta Wind 1-5 Holding Company, LLC)

Liquidation and Termination. On dissolution of the Company, the Majority Members may appoint one or more Members or Managers shall 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 ActMLLCA. 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 MembersManagers. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Agreement (University Bancorp Inc /De/)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members may shall appoint one or more Members 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 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 MembersMembers and/or the Board of Directors. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (PetroQuest Energy, L.L.C.)

Liquidation and Termination. On Upon dissolution of the Company, the Majority Members may appoint one or more Members Managing Member shall 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 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 Members. The steps to proceeds of such liquidation shall be accomplished by applied in the liquidators are as followsfollowing order of priority:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Enbridge Energy Partners Lp)

Liquidation and Termination. On dissolution of the Company, the Majority Members Manager shall act as liquidator or may appoint one or more 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 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 MembersManager. The steps to be accomplished by the liquidators liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Interhealth Facility Transport, Inc.)

Liquidation and Termination. On dissolution of the Company, the Majority Members shall act as liquidator or may appoint one or more Members 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 Act. The costs of liquidation liquidation, including internal costs and expenses and reimbursement for time spent by liquidator, shall be borne as a Company expenseexpense and paid on a monthly basis. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the MembersCompany’s Properties. The steps to be accomplished by the liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)

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