Liquidation Trustee. Upon the occurrence of an event of dissolution listed in Section 9.1(a), the Board shall appoint a liquidating trustee (the “Trustee”) to conduct and supervise the liquidation, which Trustee shall be an individual who is knowledgeable about the Business and has substantial experience in the purchase and sale of businesses. The Trustee shall cause a full accounting of the assets, liabilities and operations of the Company to be taken and reviewed by independent accountants. The Trustee shall ensure that the Company shall not be dissolved prior to the date, if any, recommended or required by a Governmental Authority or, if no Governmental Authority recommends or requires a dissolution date, prior to 90 days after the event of dissolution.
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement