Common use of Liquidation and Termination Clause in Contracts

Liquidation and Termination. Upon dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall appoint one or more liquidators who shall have full authority to wind up the affairs of the Company and make final distribution as provided herein. The liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator are as follows:

Appears in 26 contracts

Samples: Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.), Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.), Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.)

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Liquidation and Termination. Upon On dissolution of the Company, the Company Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more liquidators who Members as liquidator (the “Liquidator”). The Liquidator(s) shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the Liquidator(s) shall continue to operate the Company Company’s properties with all of the power and authority of the Company Board. The steps to be accomplished by the liquidator Liquidator(s) are as follows:

Appears in 17 contracts

Samples: Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.)

Liquidation and Termination. Upon dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more Managers or officers (with his consent) as liquidators. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinin this Section 7.02 and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties Assets and the Company's affairs with all of the power and authority of the Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 11 contracts

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

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator liquidators or shall may appoint one or more Members as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 8 contracts

Samples: www.sec.gov, Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Directors shall act as the liquidator or shall may appoint one or more liquidators who Members as liquidator. The liquidator shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the BoardBoard of Directors. The steps to be accomplished by the liquidator are as follows:

Appears in 7 contracts

Samples: Limited Liability Company Agreement (General Motors Co), Limited Liability Company Agreement (General Motors Co), Limited Liability Company Agreement (General Motors Co)

Liquidation and Termination. Upon dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or Managers shall appoint in writing one or more liquidators who shall have full authority to wind up the affairs of the Company and make final distribution as provided herein. The liquidator shall continue to operate the Company properties with all of the power and authority of the BoardManagers. The steps to be accomplished by the liquidator are as follows:

Appears in 4 contracts

Samples: Operating Agreement (Pacific Custom Materials Inc), Operating Agreement (American Materials Transport, Inc.), Operating Agreement (American Materials Transport, Inc.)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as the liquidator or shall may appoint one or more liquidators who Members as liquidator. The liquidator shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator are as follows:

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Global Technologies LTD), Limited Liability Company Agreement (Edison Nation, Inc.), Limited Liability Company Agreement (DelStaff, LLC)

Liquidation and Termination. Upon (a) On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more liquidators who Members or other Persons as liquidator. The liquidator shall have full authority to wind up the affairs of the Company and make final distribution as provided hereinin the Act and shall have all the powers set forth in the Act. The liquidator costs of liquidation shall continue to operate the be a Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator are as follows:expense.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Bluerock Institutional High Income Credit Fund), Limited Liability Company Operating Agreement (EP Income Co LLC), Limited Liability Company Operating Agreement (Eagle Point Credit Co LLC)

Liquidation and Termination. Upon On the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Managers shall act as liquidator or shall (in its sole discretion) may appoint one (1) or more representatives, Members or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 BoardManaging Member. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 3 contracts

Samples: Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.)

Liquidation and Termination. Upon On the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more representatives, Members or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Delaware Act. The liquidator costs of liquidation shall be borne as 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 Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Vivid Seats Inc.), Limited Liability Company Agreement (Vivid Seats Inc.), Limited Liability Company Agreement (Horizon Acquisition Corp)

Liquidation and Termination. Upon (a) On the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Managers shall act as liquidator or shall (in its sole discretion) may appoint one or more representatives, Members or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Delaware Act. The liquidator 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 BoardBoard of Managers. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling International Inc)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, liquidator shall be a Person person selected by the Board, Board of Directors. The liquidator shall act as liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company at the direction of the Board of Directors and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall continue to operate the be borne as a Company properties with all of the power and authority of the Boardexpense. The steps to be accomplished by the liquidator are as follows:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Antero Resources LLC), Limited Liability Company Agreement (Antero Resources Finance Corp), Limited Liability Company Agreement (Antero Resources Finance Corp)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more Members or Managers as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Genon Mid-Atlantic, LLC), Limited Liability Company Agreement (Genon Mid-Atlantic, LLC)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more Officers as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties Company's Officers Properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Keystone Property Trust), Limited Liability Company Agreement (Centerpoint Properties Trust)

Liquidation and Termination. Upon dissolution of the Company, the Board Manager or, if the Board Manager so desires, a Person selected by the BoardManager, shall act as liquidator or shall appoint one or more liquidators who shall have full authority to wind up the affairs of the Company and make final distribution as provided herein. The liquidator shall continue to operate the Company properties with all of the power and authority of the BoardManager. The steps to be accomplished by the liquidator are as follows:

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Sanchez Energy Corp), Securities Purchase Agreement (Sanchez Energy Corp)

Liquidation and Termination. Upon On the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Managers shall act as liquidator or shall (in its sole discretion) may appoint one or more representatives, Members or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 BoardBoard of Managers. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Gmac LLC)

Liquidation and Termination. Upon dissolution of the Company, the Board or, if the Board so desires, of Managers or a Person or Persons selected by the Board, Board of Managers shall act as liquidator or shall appoint one or more liquidators who shall have full authority to wind up the affairs of the Company and make final distribution as provided herein. The liquidator shall continue to operate the Company properties with all of the power and authority of the BoardBoard of Managers. The steps to be accomplished by the liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Contango Oil & Gas Co), Limited Liability Company Agreement (Contango Oil & Gas Co)

Liquidation and Termination. Upon On the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Directors shall act as liquidator or shall (in its sole discretion) may appoint one or more representatives, Stockholders or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the DGCL. The liquidator 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 BoardBoard of Directors. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 2 contracts

Samples: Securities Purchase and Exchange Agreement, Securities Purchase and Exchange Agreement (Gmac Inc.)

Liquidation and Termination. Upon (a) On dissolution of the Company, the Board or, if the Board so desires, Directors shall appoint a Person selected by the Board, shall or Persons to act as liquidator or liquidator(s). The liquidator(s) shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution Distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final Distribution, the liquidator(s) shall continue to operate the Company properties with all of the power and authority of the BoardMembers. The steps to be accomplished by the liquidator liquidator(s) are as follows:

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (FMC Technologies Inc)

Liquidation and Termination. Upon (a) On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall will act as liquidator or shall may appoint one or more liquidators who shall have full authority other Persons as liquidator(s). The liquidator will proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided herein. The costs of liquidation will be borne by the Company. Until final distribution, the liquidator shall will continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by liquidator will wind up the liquidator are affairs of the Company, dispose of the assets of the Company as it deems necessary or appropriate, and will pay and distribute the assets of the Company (including the proceeds of any such dispositions) as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Cipher Mining Inc.), Limited Liability Company Agreement (Seaspan CORP)

Liquidation and Termination. (a) Upon the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Directors shall act as liquidator or shall (in its sole discretion) may appoint one (1) or more representatives, Members or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 BoardBoard of Directors. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/), Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/)

Liquidation and Termination. Upon dissolution (a) On the commencement of winding up of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall (in its sole discretion) may appoint one or more representatives, Members or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in accordance with applicable Law. The liquidator 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 Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 2 contracts

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

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more representatives or Unitholders as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company, sell all or any portion of the Company assets for cash or cash equivalents as they deem appropriate, and make final distribution distributions as provided hereinherein and in the Delaware Act. The liquidator costs of liquidation shall be borne as an expense of the Company. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator are as follows:.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (VWR, Inc.), Limited Liability Company Agreement (VWR Funding, Inc.)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more liquidators who other Persons as liquidator (the “Liquidator”). The Liquidator shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinin this Agreement. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the Liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator Liquidator are as follows:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NRG Retail LLC), Limited Liability Company Agreement (NRG Retail LLC)

Liquidation and Termination. Upon dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Managers shall act as liquidator liquidators or shall may appoint one or more Managers or Members (with its or their consent) as liquidators. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinin this Section 8.2 and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties Company's assets and the Company's affairs with all of the power and authority of the BoardBoard of Managers. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 1 contract

Samples: Agreement of Limited Liability Company (Scotia Pacific Co LLC)

Liquidation and Termination. Upon In connection with the winding up and dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or Member shall appoint one or more liquidators who a liquidator (“Liquidator”). The Liquidator shall have full authority proceed diligently to wind up the affairs of the Company in an orderly manner and make final distribution distributions as provided herein. The liquidator shall continue to operate herein and in the Company properties with all of the power and authority of the BoardAct. The steps to be accomplished by the liquidator Liquidator are as follows:

Appears in 1 contract

Samples: Equity Capital Contribution Agreement (Tellurian Inc. /De/)

Liquidation and Termination. Upon dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or with the consent of each of the Members, shall appoint one or more liquidators who qualified Persons as liquidator (which may be a Member). The liquidator shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided herein. The costs of liquidation shall be a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the BoardBoard hereunder. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

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

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, of Directors shall act serve as liquidator. The liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties Company’s business with all of the power and authority of the BoardBoard of Directors and the Members. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Manitowoc FSG Operations, LLC)

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Liquidation and Termination. Upon On dissolution of the Company, the Board or, if liquidator shall be the Board so desires, or a Person selected by Managers designated by the Board, Members holding at least 70% of the Percentage Interests. The liquidator shall act as liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company at the direction of the Board and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall continue to operate the be borne as a Company properties with all of the power and authority of the Boardexpense. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Piedmont Natural Gas Co Inc)

Liquidation and Termination. Upon the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall will act as liquidator or shall may appoint one or more any other Person(s) to serve as liquidator(s). The liquidators who shall have full authority will proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the DLLCA. The liquidator shall continue to Company will bear the costs of liquidation as an Company expense. Until final distribution, the liquidators will operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator are as follows:.

Appears in 1 contract

Samples: Limited Liability Company Agreement (B. Riley Financial, Inc.)

Liquidation and Termination. Upon dissolution of the Company, the Board or, if or such Member or Members as designated by the Board so desires, a Person selected by the Board, shall act as liquidator or liquidator(s). The liquidator(s) shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution Distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final Distribution, the liquidator(s) shall continue to operate the Company properties with all of the power and authority of the BoardBoard and Members, subject to the power of the Board to remove and replace such liquidator(s). The steps to be accomplished by the liquidator liquidator(s) are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, liquidator shall be a Person person selected by the Board, . The liquidator shall act as liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company at the direction of the Board and make final distribution distributions as provided hereinin this Agreement and in the Act. The liquidator costs of liquidation shall continue to operate the be borne as a Company properties with all of the power and authority of the Boardexpense. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hi-Crush Partners LP)

Liquidation and Termination. Upon On the dissolution of the Company, the Board or, if the Board so desires, and Sponsor jointly may designate a Person selected by the Board, shall to act as liquidator or shall may appoint one or more liquidators who representatives, Members or other Persons as liquidator(s). The liquidator(s) shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Delaware Act. The liquidator costs of liquidation shall be borne as the Company’s expense. Until final Distribution, the liquidator(s) shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Driven Brands Holdings Inc.)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, liquidator shall be a Person selected by the Board, Board of Managers. The liquidator shall act as liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company at the direction of the Board of Managers and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall continue to operate the be borne as a Company properties with all of the power and authority of the Boardexpense. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Black Ridge Oil & Gas, Inc.)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more liquidators who Members as liquidator. The liquidator shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Operating Agreement (Numerex Corp /Pa/)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more Directors or Members as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as an expense of the Company. Until final distribution, the liquidators shall continue to operate the properties of the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator liquidators are as follows:: #92056884v20

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall appoint liquidators; provided that the Board may delegate such authority to one or more Persons (which may or may not be Members in the sole discretion of the Board). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, liquidator shall be a Person selected by the Board, . The liquidator shall act as liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company at the direction of the Board and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall continue to operate the be borne as a Company properties with all of the power and authority of the Boardexpense. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if Managing Member or such other or additional Member or Members as designated by the Board so desires, a Person selected by the Board, shall act as liquidator or liquidator(s). The liquidator(s) shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidator(s) shall continue to operate the Company properties with all of the power and authority of Managing Member and Members, subject to the Board. The steps to be accomplished by the liquidator are as follows:power of the

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Lower Road Associates LLC)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if of Managers or such other or additional Member or Members as are designated by the Board so desires, a Person selected by the Board, of Managers shall act as liquidator or liquidator(s). The liquidator(s) shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as an expense of the Company. Until final Distribution, the liquidator(s) shall continue to operate the Company properties with all of the power and authority of the BoardBoard of Managers and the Members, subject to the power of the Board to remove and replace such liquidator(s). The steps to be accomplished by the liquidator liquidator(s) are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, liquidator shall be a Person selected by the Board, Board of Directors. The liquidator shall act as liquidator or shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company at the direction of the Board of Directors and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall continue to operate the be borne as a Company properties with all of the power and authority of the Boardexpense. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. Upon On the dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more representatives, Members, or other Persons as liquidator(s). The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution Distributions as provided hereinherein and in the Delaware Act. The liquidator 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 Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (ChromaDex Corp.)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if or such other or additional Member or Members as designated by the Board so desires, a Person selected by the Board, shall act as liquidator or liquidator(s). The liquidator(s) shall appoint one or more liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator 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 Board and Members, subject to the Boardpower of the Board to remove and replace such liquidators). The steps to be accomplished by the liquidator liquidators) are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (PRETIUM CANADA Co)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more Directors or Members as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as an expense of the Company. Until final distribution, the liquidators shall continue to operate the properties of the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more Officers as liquidator. The liquidators who shall have full authority proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided hereinherein and in the Act. The liquidator costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties Company’s Officers Properties with all of the power and authority of the Board. The steps to be accomplished by the liquidator liquidators are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more liquidators who shall have full authority Persons as liquidator(s). The liquidator will proceed diligently to wind up the affairs of the Company and make final distribution distributions as provided herein. The costs of liquidation will be borne as a Company expense. Until final distribution, the liquidator shall will continue to operate the Company properties with all of the power and authority of the BoardMembers. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liquidation and Termination. Upon On dissolution of the Company, the Board or, if the Board so desires, a Person selected by the Board, shall act as liquidator or shall may appoint one or more liquidators who shall have full authority Persons as liquidator(s). The liquidator will proceed diligently to wind up the Company’s affairs of the Company and make final distribution distributions as provided herein. The costs of liquidation will be borne as a Company expense. Until final distribution, the liquidator shall will continue to operate the Company properties with all of the power and authority of the BoardMembers. The steps to be accomplished by the liquidator are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Evolve Transition Infrastructure LP)

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