Common use of Liquidation and Termination Clause in Contracts

Liquidation and Termination. Subject to any restrictions in agreements to which the Company is a party, the Company shall be terminated after dissolution if the remaining Members do not elect to continue the company as provided in Section 17. In such event, the Members shall promptly terminate the affairs of the company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 19.

Liquidation and Termination. Subject to any restrictions in agreements to which the Company is a party, the Company shall be terminated after dissolution if the remaining Members do not elect to continue the company Company as provided in Section 17. In such event, the Members shall promptly terminate the affairs of the company Company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 19.

Liquidation and Termination. Subject to any restrictions in agreements to which the Company is a party, the Company shall may be terminated after dissolution if a majority in interest of the remaining Members do not elect to continue the company Company as provided in Section 1713 above. In such event, the Members shall promptly liquidate and terminate the affairs of the company Company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 198.4.

Liquidation and Termination. Subject to any restrictions in agreements to which the Company is a party, the Company shall be terminated after dissolution if the remaining Members do not elect to continue the company Company as provided in Section 1713, above. In such event, the Members shall promptly liquidate and terminate the affairs of the company Company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 198.4.

Liquidation and Termination. 12.1 Subject to any restrictions in agreements to which the Company is a party, the Company shall be terminated after dissolution if unless the Members or remaining Members do not Members' as the case maybe, elect to continue the company Company, in business as provided above in Section 1711. In such eventthe event of termination, the Members shall promptly terminate liquidate the Company and cease its affairs of the company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 19of the Company as provided below.

Liquidation and Termination. Subject to any restrictions in agreements to which the Company is a party, the Company shall be terminated after dissolution if dissolution, and the remaining Members do not elect to continue the company as provided in Section 17. In such event, the Members Member shall promptly liquidate and terminate the affairs of the company Company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 198.3 hereof.

Liquidation and Termination. Subject to any restrictions in agreements any agreement to which the Company is a party, the Company shall be terminated after dissolution if the remaining Members do not elect to continue the company Company as provided in Section 17. In such event, the Members shall promptly terminate the affairs of the company Company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 19.

Liquidation and Termination. Subject to any restrictions in agreements to which the Company is a party, the Company shall be terminated after dissolution if the remaining Members do not elect to continue the company as provided in Section 17. In such event, the Members shall promptly terminate the affairs of the company by discharging all debts and liabilities of the Company and by distributing all assets in accordance with Section 1911.