Common use of Liquidator Clause in Contracts

Liquidator. Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 38 contracts

Samples: Limited Liability Company Agreement (MogulREIT I, LLC), Operating Agreement (REITless Impact Opportunity Zone Strategies LLC), Operating Agreement

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Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 29 contracts

Samples: Definitions (Boardwalk Pipeline Partners, LP), Dissolution and Liquidation (Williams Partners L.P.), Dissolution and Liquidation (Williams Partners L.P.)

Liquidator. Upon dissolution of the CompanyPartnership, the Manager shall General Partner may select one or more Persons to act as a liquidating trustee for the Partnership (such Person, or the General Partner, the “Liquidator”). In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the outstanding Class B Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (ii) the terms of any Unit Designation). The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the outstanding Class B Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (iii) upon the terms of any Unit Designation). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote General Partner (or, in the case of the removal of the Liquidator by holders of not less than units, by holders of a majority of the outstanding Class B Common Shares then Outstanding entitled Units (subject to vote on such liquidationthe terms of any Unit Designation)). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIISection 9.3, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 26 contracts

Samples: Award Agreement (Och-Ziff Capital Management Group LLC), Agreement and Plan of Merger (Och-Ziff Capital Management Group LLC), Letter Agreement (Och-Ziff Capital Management Group LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote at least a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partners. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 23 contracts

Samples: Agreement (Crosstex Energy Lp), Crosstex Energy Lp, Plains All American Pipeline Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 21 contracts

Samples: Partnership Agreement (NGL Energy Partners LP), Partnership Agreement (NGL Energy Partners LP), Partnership Agreement (NGL Energy Partners LP)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 19 contracts

Samples: Partnership Agreement (JP Energy Partners LP), Landmark Infrastructure Partners LP, Marlin Midstream Partners, LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select in its sole discretion one or more Persons (which may be the General Partner or any of its Affiliates) to act as Liquidator. In If other than the case of a dissolution of the CompanyGeneral Partner, (i) the Liquidator (if other than the Manager1) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; Voting Units voting as a single class (ii) including Voting Units held by the Liquidator General Partner and its Affiliates), (if other than the Manager2) shall agree not to resign at any time without 15 days’ prior notice and (3) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; Voting Units voting as a single class (iii) upon including Voting Units held by the General Partner and its Affiliates). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidationVoting Units voting as a single class (including Voting Units held by the General Partner and its Affiliates). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 15 contracts

Samples: Agreement, Agreement and Plan of Merger (Steel Partners Holdings L.P.), Agreement

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 15 contracts

Samples: Agreement, Defined Terms (Enterprise Products Partners L P), Preferred Unit Purchase Agreement

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 12 contracts

Samples: Article Xiv Merger (Enterprise Products Operating L P), Crosstex Energy Lp, Pacific Energy Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 12 contracts

Samples: Partnership Agreement (Rhino Resource Partners LP), Agreement (Rhino Resource Partners LP), Agreement (Chesapeake Midstream Partners, L.P.)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 12 contracts

Samples: Omnibus Agreement (Magellan Midstream Partners Lp), Contribution Agreement (Natural Resource Partners Lp), Signature (NGL Crude Terminals, LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 10 contracts

Samples: Registration Rights Agreement (Dominion Midstream Partners, LP), Agreement (Westlake Chemical Partners LP), Agreement (BP Midstream Partners LP)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 10 contracts

Samples: Agreement and Plan of Merger (Southern Union Co), Agreement (Hiland Holdings GP, LP), Agreement and Plan of Merger (Energy Transfer Equity, L.P.)

Liquidator. Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (181 High Street LLC), Limited Liability Company Agreement (181 High Street LLC), Limited Liability Company Agreement (One Chestnut Realty LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner (or in the event of dissolution pursuant to Section 12.1(a), the holders of a Unit Majority) shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 9 contracts

Samples: Partnership Agreement (CONE Midstream Partners LP), Partnership Agreement (CNX Coal Resources LP), Partnership Agreement (CONSOL Coal Resources LP)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 8 contracts

Samples: Agreement (Teekay Offshore Partners L.P.), Unit and Warrant Purchase Agreement (Teekay Offshore Partners L.P.), Agreement (Teekay Offshore Partners L.P.)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Majority Interest. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Majority Interest. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationMajority Interest. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 7 contracts

Samples: Genesis Energy Lp, Genesis Energy Lp, Genesis Energy Lp

Liquidator. Upon dissolution of the Company, the Manager Board of Directors shall select one or more Persons (which may be the Board of Directors or a Member) to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerBoard of Directors) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than Units representing a majority of the Common Shares then voting power of all Outstanding entitled to vote on such liquidation; (ii) the Voting Units. The Liquidator (if other than the ManagerBoard of Directors) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than Units representing a majority of the Common Shares then voting power of all Outstanding entitled to vote on such liquidation; (iii) upon Voting Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than Units representing a majority of the Common Shares then voting power of all Outstanding entitled to vote on such liquidationVoting Units. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIIX, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 7 contracts

Samples: Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement (Oaktree Capital Group, LLC)

Liquidator. Upon dissolution of the Company, the Manager Board of Directors shall act as, or select one or more Persons to act as as, Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerBoard of Directors) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Shares. The Liquidator (if other than the ManagerBoard of Directors) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Shares. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationShares. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIARTICLE X, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 7 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

Liquidator. Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIVII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 7 contracts

Samples: Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise for-Sale Housing eFUND - Washington DC, LLC), Operating Agreement (Fundrise for-Sale Housing eFUND - Washington DC, LLC)

Liquidator. Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Units then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Birgo Reiturn Fund Manager LLC), Limited Liability Company Agreement (Birgo Reiturn Fund Manager LLC), Limited Liability Company Agreement (Birgo Reiturn Fund LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 6 contracts

Samples: Equity Restructuring Agreement (HollyFrontier Corp), Equity Restructuring Agreement (Holly Energy Partners Lp), Energy Transfer Partners, L.P.

Liquidator. Upon dissolution of the Company, unless the Manager business of the Company is continued pursuant to Section 12.2, the Managing Member shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging Member) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerManaging Member) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing Member under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 6 contracts

Samples: Operating Agreement (New Public Rangers, L.L.C.), Operating Agreement (EnLink Midstream, LLC), Operating Agreement (EnLink Midstream, LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 6 contracts

Samples: Partnership Agreement (Stonemor Partners Lp), Partnership Agreement (Stonemor Partners Lp), Management and Operation of Business (Stonemor Partners Lp)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 6 contracts

Samples: Agreement (Hi-Crush Partners LP), Agreement (Arc Logistics Partners LP), Agreement (Western Refining Logistics, LP)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 5 contracts

Samples: www.lw.com, Alliance Resource Partners Lp, Inergy L P

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued pursuant to Section 12.2, the Manager Managing Partner shall act, or select in its sole discretion one or more Persons to act act, as Liquidator. In If the case of Managing Partner is acting as the Liquidator, it shall not be entitled to receive any additional compensation for acting in such capacity. If a dissolution of the Company, (i) the Liquidator (if Person other than the ManagerManaging Partner acts as Liquidator, such Liquidator (1) shall be entitled to receive such compensation for its services as may be separately approved by either the affirmative vote Board of Directors of the holders of not less than withdrawing Managing Partner (or similar governing body) or Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; Voting Units voting as a single class, (ii) the Liquidator (if other than the Manager2) shall agree not to resign at any time without 15 days’ prior notice and (3) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; (iii) upon Voting Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidationVoting Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 5 contracts

Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 5 contracts

Samples: Legacy Reserves Lp, Legacy Reserves Lp, Legacy Reserves Lp

Liquidator. Upon dissolution of the Company, the Manager Board of Directors shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerBoard of Directors) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerBoard of Directors) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIX, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Copano Energy, L.L.C.), Limited Liability Company Agreement (Copano Energy, L.L.C.), Copano Energy, L.L.C.

Liquidator. Upon dissolution of the CompanyPartnership in accordance with the provisions of Article XII, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units and Special Voting Units, voting together as a single class (ii) the including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non-Voting Common Units). The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 fifteen (15) days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units and Special Voting Units, voting together as a single class (iii) upon including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non-Voting Common Units). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 thirty (30) days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Special Voting Units, voting together as a single class (including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non-Voting Common Units). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager General Partner and its officers the Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 5 contracts

Samples: Membership Interest Purchase Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP), Management Services Agreement (NextEra Energy Partners, LP)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 fifteen (15) days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers powers, and duties of the original Liquidator) shall within 30 thirty (30) days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 5 contracts

Samples: Operating Agreement (EnLink Midstream, LLC), Operating Agreement (EnLink Midstream Partners, LP), EnLink Midstream, LLC

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Unit Majority. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Unit Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Registration Rights Agreement (Plains All American Pipeline Lp), Plains All American Pipeline Lp, Plains All American Pipeline Lp

Liquidator. Upon dissolution of the CompanyPartnership, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units, Class B Units (iii) upon if any), and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Class B Units (if any), and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Agreement (Spectra Energy Partners, LP), www.lw.com, Spectra Energy Partners, LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Agreement (Exco Resources Inc), Amended and Restated Agreement (Harbinger Group Inc.), Agreement (Harbinger Group Inc.)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Unit Majority. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Unit Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Penn Virginia GP Holdings, L.P.), Penn Virginia Resource Partners L P, Alliance Resource Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership in accordance with the provisions of Article XII, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Special Voting Units, voting together as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Special Voting Units, voting together as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Special Voting Units, voting together as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: www.lw.com, NextEra Energy Partners, LP, NextEra Energy Partners, LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner may elect to act as Liquidator or shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Agreement, Southcross Energy Partners, L.P., QEP Midstream Partners, LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: New Source Energy Partners L.P., Susser Petroleum Partners LP, New Source Energy Partners L.P.

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner (or in the event of dissolution pursuant to Section 12.1(a), the holders of a Unit Majority) shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Unit Majority. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Unit Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Transaction Agreement (Hess Midstream Partners LP), CNX Midstream Partners LP, www.cnxmidstream.com

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager Board of Directors shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager Board of Directors and its officers the General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.11(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 4 contracts

Samples: Agreement (Navios Maritime Containers L.P.), Navios Maritime Partners L.P., www.lw.com

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Convertible Preferred Unit Purchase Agreement (EnLink Midstream Partners, LP), EnLink Midstream Partners, LP, EnLink Midstream Partners, LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(a)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Sprague Resources LP, Sprague Resources LP, Sprague Resources LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Hiland Partners, LP, Stonemor Partners Lp, Sunoco Logistics Partners L.P.

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 13.2, the Manager General Partner, or in the event the dissolution is the result of an Event of Withdrawal, a liquidator or liquidating committee approved by the Limited Partner, shall select one or more Persons to act as be the Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partner. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days' prior notice and (if other than the General Partner) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partner. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partner. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 6.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding winding-up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Agreement (Ap Eagle Finance Corp), Amerigas Partners Lp, Star Gas Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, the Manager shall General Partner may select one or more Persons to act as a liquidating trustee for the Partnership (such Person, or the General Partner, the "Liquidator"). In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the outstanding Class B Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (ii) the terms of any Unit Designation). The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the outstanding Class B Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (iii) upon the terms of any Unit Designation). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote General Partner (or, in the case of the removal of the Liquidator by holders of not less than units, by holders of a majority of the outstanding Class B Common Shares then Outstanding entitled Units (subject to vote on such liquidationthe terms of any Unit Designation)). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIISection 9.3, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Och Daniel, Och Daniel, Och Daniel

Liquidator. Upon dissolution of the CompanyCompany or termination of any Series, the Manager shall select one or more Persons (which may be the Manager) to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLiquidator; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ days prior notice to the Manager and may be removed at any time, with or without cause, by notice of removal separately approved time by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationManager; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved appointed by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationManager. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIARTICLE XI, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Companya Series, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Fundhomes I, LLC), Limited Liability Company Agreement (Fundhomes 1, LLC), Series Limited Liability Company Agreement (Emporium Realty Fund I, LLC)

Liquidator. Upon dissolution of the CompanyPartnership in accordance with the provisions of this Article XII, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Outstanding Class A Shares then Outstanding entitled to vote on such liquidation; (ii) the and Class B Shares, voting together as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Outstanding Class A Shares then Outstanding entitled to vote on such liquidation; (iii) upon and Class B Shares, voting together as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Outstanding Class A Shares then Outstanding entitled to vote on such liquidationand Class B Shares, voting together as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Sunpower Corp), Agreement, 8point3 Energy Partners LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(a)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: CVR Energy Inc, CVR Energy Inc, CVR Energy Inc

Liquidator. Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Bits then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Bits then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares Bits then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC)

Liquidator. Upon dissolution of the CompanyPartnership, the Manager shall General Partner may select one or more Persons to act as a liquidator trustee for the Partnership (such person, or the General Partner, the "Liquidator"). In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Class A Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (ii) the terms of any Unit Designation). The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Class A Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (iii) upon the terms of any Unit Designation). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote General Partner (or, in the case of the removal of the Liquidator by holders of not less than units, by holders of a majority of the Common Shares then Outstanding entitled Units (subject to vote on such liquidationthe terms of any Unit Designation)). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIISection 9.4, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Fortress Investment Group LLC, Fortress Investment Group LLC, Fortress Investment Group LLC

Liquidator. Upon dissolution of the Company, the Manager Board of Directors shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerBoard of Directors) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; (ii) the Voting Shares. The Liquidator (if other than the ManagerBoard of Directors) shall agree not to resign at any time without 15 fifteen (15) days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; (iii) upon Voting Shares. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 thirty (30) days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidationVoting Shares. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXI, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationCommon. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Inergy L P), Agreement and Plan of Merger (Inergy Holdings, L.P.), Inergy L P

Liquidator. Upon dissolution of the CompanyCompany in accordance with the provisions of Article XII, unless the business of the Company is continued pursuant to Section 12.2, the Manager Managing Member shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging Member) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerManaging Member) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing Member under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (8point3 Energy Partners LP), Limited Liability Company Agreement (Sunpower Corp), Limited Liability Company Agreement (First Solar, Inc.)

Liquidator. Upon dissolution of the Company, the Manager Board of Directors shall select one or more Persons (which may be the Board of Directors or a Member) to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerBoard of Directors) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than Units representing a majority of the Common Shares then voting power of all Outstanding entitled to vote on such liquidation; (ii) the Voting Units. The Liquidator (if other than the ManagerBoard of Directors) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than Units representing a majority of the Common Shares then voting power of all Outstanding entitled to vote on such liquidation; (iii) upon Voting Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than Units representing a majority of the Common Shares then voting power of all Outstanding entitled to vote on such liquidationVoting Units. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIIX, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, including as set forth in the Consent Rights provisions) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement (Brookfield Oaktree Holdings, LLC), Operating Agreement (Oaktree Capital Group, LLC)

Liquidator. Upon dissolution of the CompanyPartnership, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, Subordinated Units and Class B Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units, Subordinated Units and Class B Units (iii) upon if any), voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Subordinated Units and Class B Units (if any), voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 3 contracts

Samples: American Midstream Partners, LP, Williams Pipeline Partners L.P., El Paso Pipeline Partners, L.P.

Liquidator. Upon dissolution of the CompanyCompany in accordance with the provisions of this Article XII, the Manager Managing Member shall act, or select one or more Persons to act as Liquidator. In If the case of Managing Member is acting as Liquidator, it shall not be entitled to receive any additional compensation for acting in such capacity. If a dissolution of the Company, (i) the Liquidator (if Person other than the ManagerManaging Member acts as Liquidator, such Liquidator (1) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; Managing Member, (ii) the Liquidator (if other than the Manager2) shall agree not to resign at any time without 15 days’ prior notice to the Members and (3) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Managing Member. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationManaging Member. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing Member under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.2) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Beneficient), Limited Liability Company Agreement (Beneficient)

Liquidator. Upon dissolution of the Company, unless the Company is continued under an election to reconstitute and continue the Company pursuant to Section 12.2, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote Members owning a Majority of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Voting Interests. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote Members owning a Majority of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Voting Interests. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote Members owning a Majority of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationVoting Interests. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon on the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon on the exercise of such powers, other than the limitation on sale set forth in Section 7.3(a)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Operating Agreement (U S Timberlands Co Lp), Operating Agreement (U S Timberlands Klamath Falls LLC)

Liquidator. Upon dissolution of the Company, unless the Manager business of the Company is continued pursuant to Section 12.2, the General Partner (or in the event of dissolution pursuant to Section 12.1(a), the holders of a Share Majority) shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Share Majority. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Share Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationShare Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Transaction Agreement (Hess Midstream Partners LP), Agreement (Hess Midstream LP)

Liquidator. Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the issued and Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the issued and Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the issued and Outstanding Common Shares then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Operating Agreement (Platform Ventures Diversified Housing REIT, LLC), Operating Agreement (Platform Ventures Diversified Housing REIT, LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, Subordinated Units and Class B Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units, Subordinated Units and Class B Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Subordinated Units and Class B Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Agreement (Quicksilver Gas Services LP), Quicksilver Gas Services LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner, or in the event the General Partner has been dissolved or removed, become bankrupt as set forth in Section 11.1 or withdrawn from the Partnership, a liquidator or liquidating committee approved by the holders of at least a majority of the Outstanding Common Units and Outstanding Subordinated Units voting as a single class, shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Contribution Agreement (Resource America Inc), Contribution Agreement (Atlas Pipeline Partners Lp)

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Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partner. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partner. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Cornerstone Propane Partners Lp, Cornerstone Propane Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties ditties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled Units, who shall also approve the compensation payable to vote on such liquidationLiquidator. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale or other disposition set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Tc Pipelines Lp, Tc Pipelines Lp

Liquidator. Upon dissolution of the Company, unless the Manager business of the Company is continued pursuant to Section 12.2, the Board of Directors shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerTransocean Member) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, voting as a single class. The Liquidator (if other than the ManagerTransocean Member) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager Board of Directors and its officers the Transocean Member under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.11) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Transocean Partners LLC)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner, or if none, the holders of a Unit Majority, shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: LRR Energy, L.P., LRR Energy, L.P.

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled Units, who shall also approve the compensation payable to vote on such liquidationLiquidator. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale or other disposition set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Tc Pipelines Lp, Tc Pipelines Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 14.2, the Manager General Partner, or in the event the dissolution is the result of an Event of Withdrawal, a liquidator or liquidating committee approved by holders of at least a majority of the Outstanding Units, shall select one or more Persons to act as be the Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and (if other than the General Partner) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXIV, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 6.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Conveyance and Contribution Agreement (Amerigas Partners Lp), Conveyance and Contribution Agreement (Amerigas Partners Lp)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote at least a majority in interest of the holders of not less than a majority of Limited Partners, who shall also approve the Common Shares then Outstanding entitled compensation payable to vote on such liquidationLiquidator. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale or other disposition set forth in Section 7.3 (b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Tc Pipelines Lp, Tc Pipelines Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Unit Majority. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Unit Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further ENCORE ENERGY PARTNERS LP SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Underwriting Agreement (Encore Energy Partners LP), Underwriting Agreement (Encore Acquisition Co)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, Senior Subordinated Units and Junior Subordinated Units voting as a single class. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units, Senior Subordinated Units and Junior Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Senior Subordinated Units and Junior Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Inergy L P, Inergy L P

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 14.2, the Manager General Partner, or in the event the dissolution is the result of an Event of Withdrawal, a liquidator or liquidating committee approved by holders of at least a majority of the Outstanding Units representing Limited Partner Interests, shall select one or more Persons to act as be the Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units representing Limited Partner Interests. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and (if other than the General Partner) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units representing Limited Partner Interests. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits representing Limited Partner Interests. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXIV, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any any-of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powerspowers other than the limitation on sale set forth in Section 6.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Star Gas Partners Lp, Star Gas Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, the Manager shall General Partner may select one or more Persons to act as a liquidator trustee for the Partnership (such person, or the General Partner, the “Liquidator”). In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Class A Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (ii) the terms of any Unit Designation). The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Class A Common Shares then Outstanding entitled Units (subject to vote on such liquidation; (iii) upon the terms of any Unit Designation). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote General Partner (or, in the case of the removal of the Liquidator by holders of not less than units, by holders of a majority of the Common Shares then Outstanding entitled Units (subject to vote on such liquidationthe terms of any Unit Designation)). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIISection 9.4, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Fortress Investment Group LLC, Fortress Investment Group LLC

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Alliance Resource Partners Lp, Cornerstone Propane Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership in accordance with the provisions of Article XII, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units and Special Voting Units, voting together as a single class (ii) the including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non- Voting Common Units). The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 fifteen (15) days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units and Special Voting Units, voting together as a single class (iii) upon including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non- Voting Common Units). Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 thirty (30) days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Special Voting Units, voting together as a single class (including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non-Voting Common Units). The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager General Partner and its officers the Board of Directors under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Management Services Agreement, Management Services Agreement

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall act, or select in its sole discretion one or more Persons to act as Liquidator. In If the case of General Partner is acting as the Liquidator, it shall not be entitled to receive any additional compensation for acting in such capacity. If a dissolution of the Company, (i) the Liquidator (if Person other than the ManagerGeneral Partner acts as Liquidator, such Liquidator (1) shall be entitled to receive such compensation for its services as may be separately approved by either the affirmative vote Board of Directors of the holders of not less than withdrawing General Partner (or similar governing body) or Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; Voting Units voting as a single class, (ii) the Liquidator (if other than the Manager2) shall agree not to resign at any time without 15 days’ prior notice and (3) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; (iii) upon Voting Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidationVoting Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Carlyle Group L.P., Carlyle Group L.P.

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator, which may be the General Partner. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, Subordinated Units and Subordinated Class B Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units, Subordinated Units and Subordinated Class B Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Subordinated Units and Subordinated Class B Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Martin Midstream Partners Lp, Martin Midstream Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Unit Majority. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Unit Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnit Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Simplification Agreement (Magellan Midstream Partners Lp), Contribution and Assumption Agreement (Magellan Midstream Partners Lp)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote at least a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partners. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Alliance Resource Partners Lp, Alliance Resource Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner, or in the event the General Partner has been dissolved or removed, become bankrupt as set forth in Section 11.1 or withdrawn from the Partnership, a liquidator or liquidating committee approved by the Limited Partners, shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote at least a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partners. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Contribution Agreement (Resource America Inc), Contribution Agreement (Atlas Pipeline Partners Lp)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 14.2, the Manager General Partner, or in the event the dissolution is the result of an Event of Withdrawal, a liquidator or liquidating committee approved by holders of at least a majority of the Outstanding Units, shall select one or more Persons to act as be the Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days' prior notice and (if other than the General Partner) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXIV, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 6.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Agreement (Amerigas Partners Lp), Amerigas Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote at least a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partners. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: K-Sea Tranportation Partners Lp, K-Sea Tranportation Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall act, or select in its sole discretion one or more Persons to act as Liquidator. In If the case of General Partner is acting as the Liquidator, it shall not be entitled to receive any additional compensation for acting in such capacity. If a dissolution of the Company, (i) the Liquidator (if Person other than the ManagerGeneral Partner acts as Liquidator, such Liquidator (1) shall be entitled to receive such compensation for its services as may be separately approved by either the affirmative vote of the holders of not less than withdrawing General Partner or Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; Voting Units voting as a single class, (ii) the Liquidator (if other than the Manager2) shall agree not to resign at any time without 15 days’ prior notice and (3) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than Unitholders holding at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidation; (iii) upon Voting Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then voting power of the Outstanding entitled to vote on such liquidationVoting Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Agreement (Ares Management Lp), Ares Management Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, Series A Preferred Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; Units, Series A Preferred Units, Class B Units (iii) upon if any), and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Series A Preferred Units, Class B Units (if any), and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Global Transaction Agreement (Blueknight Energy Partners, L.P.), Blueknight Energy Partners, L.P.

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, Senior Subordinated Units, Senior Subordinated Series B Units, Senior Subordinated Series C Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units, Senior Subordinated Units, Senior Subordinated Series B Units, Senior Subordinated Series C Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, Senior Subordinated Units, Senior Subordinated Series B Units, Senior Subordinated Series C Units and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Crosstex Energy Inc), Crosstex Energy Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner (or in the event of dissolution pursuant to Section 12.1(a), the holders of a Unit Majority) shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation 91 on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: www.lw.com

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 14.2, the Manager General Partner, or in the event the dissolution is the result of an Event of Withdrawal, a liquidator or liquidating committee approved by holders of at least a majority of the Outstanding Units representing Limited Partner Interests, shall select one or more Persons to act as be the Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units representing Limited Partner Interests. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and (if other than the General Partner) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units representing Limited Partner Interests. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, . powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits representing Limited Partner Interests. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXIV, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any any-of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powerspowers other than the limitation on sale set forth in Section 6.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Star Gas Finance Co

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 fifteen (15) days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 thirty (30) days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: EnLink Midstream Partners, LP

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Units and Outstanding entitled to vote on such liquidation; (ii) the Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Units and Outstanding entitled to vote on such liquidation; (iii) upon Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Units and Outstanding entitled Subordinated Units voting as a single class who shall also approve the compensation payable to vote on such liquidationLiquidator. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale or other disposition set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Article Xiv Merger (Tc Pipelines Lp)

Liquidator. Upon dissolution of the Company, the Manager Board shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerBoard) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Share Majority. The Liquidator (if other than the ManagerBoard) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Share Majority. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationShare Majority. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Board under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In Notwithstanding the case foregoing, in lieu of appointing a termination Liquidator, the Board may cause the then-remaining real properties (and indirect interests) of the CompanyCompany to be transferred to a liquidating trust, other than which shall have the full power and authority to carry out the liquidation in connection accordance with a dissolution of this Agreement and the Company, the Manager shall act as LiquidatorNYLLCL.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gyrodyne Co of America Inc)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the CompanyACCESS MIDSTREAM PARTNERS, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.L.P. COMPOSITE AGREEMENT OF LIMITED PARTNERSHIP

Appears in 1 contract

Samples: Access Midstream Partners Lp

Liquidator. Upon dissolution (a) If the Partnership is dissolved and not reconstituted and continued pursuant to Section 9.3, the General Partner or, if necessary, a person or committee selected by all of the CompanyLimited Partners (“Liquidator”) shall commence to wind up the affairs of the Partnership and to liquidate and sell its properties. The Liquidator will proceed, as promptly as practicable without undue sacrifice, to liquidate and sell all remaining properties of the Manager shall select one or more Persons to act as Partnership for the best price obtainable in the judgment of the Liquidator. In The Liquidator may be required by the case of a dissolution Partners (at the expense of the Company, (iPartnership) the to give a bond to assure faithful performance of such Liquidator's duties hereunder. The Liquidator (if other than the Manager) shall be entitled to receive such compensation for its such Liquidator's services as may shall be separately approved agreed upon by the affirmative vote Liquidator and all of the holders of not less than a majority Partners, payable out of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) assets of the Partnership. The Liquidator (if other than the Manager) shall agree not to may resign at any time without 15 by giving 30 days’ prior ' written notice and to the Partners. The Liquidator may be removed at any time, with or without cause, time by written notice of removal separately approved signed by all the affirmative vote of Partners (other than the holders of not less than Liquidator if it is a majority of Partner). Upon the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacitydissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all of the rights, powers powers, and duties of the original Liquidator) shall will, within 30 days thereafter thereafter, be separately approved by appointed in the affirmative vote same manner hereinabove provided for the appointment of the holders of not less than original Liquidator, such appointment to be evidenced by a majority written appointment and acceptance as provided for above in the case of the Common Shares then Outstanding entitled to vote on such liquidationoriginal Liquidator. The right to approve appoint a successor or substitute Liquidator in the manner provided herein shall be recurring and continuing for as long as the functions and services of the Liquidator are authorized to continue under the provisions hereof. Any successor or substitute Liquidator shall have all the powers and duties of the Liquidator as the same are set forth in this Article 10 and every reference herein to Liquidator will be deemed to refer also to any such successor or substitute Liquidator approved appointed in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: CST Metro LLC

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: TransMontaigne Partners L.P.

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers NATURAL RESOURCE PARTNERS L.P. SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHI 92 conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Natural Resource Partners Lp

Liquidator. Upon dissolution of the Company, the Manager A Liquidator elected as herein provided shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its liquidation services as may be separately approved agreed by the affirmative vote of the holders of not less than Liquidator and Limited Partners holding a majority of the Common Shares then Outstanding Percentage Interests of the Limited Partners outstanding and entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice be voted, and may be removed at any time, with or without cause, time by written notice of removal separately approved signed by the affirmative vote of the holders of not less than Limited Partners holding a majority of the Common Shares then Outstanding Percentage Interests of the Limited Partners outstanding and entitled to vote on such liquidation; (iii) upon dissolution, be voted. Upon the death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all the rights, powers powers, and duties of the original Liquidator) shall will, within 30 thirty (30) days thereafter thereafter, be separately approved appointed by the affirmative vote of the holders of not less than a majority in interest of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partners evidenced by written appointment and acceptance. The right to approve appoint a successor or substitute Liquidator in the manner provided herein shall be recurring and continuing for so long as the functions and services of the "Liquidators" are authorized to continue under the provisions hereof, and every reference herein to the "Liquidator" will be deemed to refer also to any such successor or substitute Liquidator approved appointed in the manner herein provided. Except as expressly provided in this Article VIIIX, the --------- Liquidator approved appointed in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties heretohereto or their legal representatives or successors in interest, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all the extent necessary or desirable in the good faith judgment of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up liquidation and liquidation dissolution of the Company Partnership as provided for herein. In , including, without limiting the case of a termination generality of the Companyforegoing, the following specific powers: (i) the power to continue to manage and operate any business of the Partnership during the period of such liquidation or dissolution proceedings; (ii) the power to make sales and, incident thereto, to make deeds, bills of sale, assignments and transfers of assets; provided, that the Liquidator may not impose personal liability upon any of the Partners under any warranty of title contained in any such instrument; (iii) the power to borrow funds as may, in the good faith judgment of the Liquidator, be reasonable to pay debts and obligations of the Partnership or operating expenses, and to grant deeds of trust, mortgages, security agreements, pledges, and collateral assignments upon and encumbering any of the assets as security for repayment of such loans or as security for payment of any other indebtedness of the Partnership; provided, that the Liquidator shall not have the power to create any personal obligation on any of the Partners to repay such loans or indebtedness other than out of available proceeds of foreclosure or sales of the property or assets as to which a lien or liens are granted as security for payment thereof; (iv) the power to settle, compromise or adjust any claims asserted to be owing by or to the Partnership; and the right to file, prosecute or defend lawsuits and legal proceedings in connection with a dissolution any such matters; (v) the power to make deeds, bills of sale, assignments and transfers to the respective Partners and their successors in interest incident to final distribution of the Companyremaining assets (if any) as provided for herein; provided, the Manager Liquidator may not impose personal liability upon any of the Partners or their successors in interest under any warranty of title contained in any such instrument. If within thirty (30) days following the date of dissolution or other time period provided in Section 10.1 a Liquidator or successor Liquidator has not been appointed in the manner provided therein, any interested party shall act have the right to make application to the Senior Judge of the United States District Court of the District in which the City of Chicago, Illinois is then situated for appointment of such Liquidator or successor Liquidator, and the said Judge, acting as an individual and not in his judicial capacity, shall be fully authorized and' empowered to appoint and designate such Liquidator, or successor Liquidator who shall have all the powers, duties, rights and authorities of the Liquidator herein provided.

Appears in 1 contract

Samples: Hob Entertainment Inc /De/

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.02, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Limited Partners. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote at least a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationLimited Partners. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in [SECTION 7.03(b)]) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Limited Partnership Agreement (Valero L P)

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Subordinated Units voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Subordinated Units voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Subordinated Units voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further 80 authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3(b)) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Holly Energy Partners Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the Partnership is continued under an election to reconstitute and continue the Partnership pursuant to Section 12,2, the Manager Managing General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerManaging General Partner) shall be entitled to receive such compensation for (or its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Class A Limited Partners. The Liquidator (if other than the ManagerManaging General Partner) shall agree not to resign at any time without 15 days' prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Class A Limited Partners. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote a majority in interest of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidationClass A Limited Partners. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers Managing General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and or otherwise, upon the exercise of such powers) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions Functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Ap Eagle Finance Corp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units and Class B Units, if any, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units and Class B Units, if any, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits and Class B Units, if any, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Western Gas Partners, LP Second Amended and Restated Agreement of Limited Partnership 116 Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.3) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Agreement (Western Gas Partners LP)

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 14.2, the Manager General Partner, or in the event the dissolution is the result of an Event of Withdrawal, a liquidator or liquidating committee approved by holders of at least a majority of the Outstanding Units representing Limited Partner Interests, shall select one or more Persons to act as be the Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units representing Limited Partner Interests. The Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and (if other than the General Partner) may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units representing Limited Partner Interests. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than at least a majority of the Common Shares then Outstanding entitled to vote on such liquidationUnits representing Limited Partner Interests. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXIV, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any any-of the parties hereto, all of Table of Contents the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powerspowers other than the limitation on sale set forth in Section 6.3(b)) to the extent necessary or appropriate desirable in the good faith judgment of the Liquidator to carry out the duties and functions of the Liquidator hereunder for and during the such period of time as shall be reasonably required in the good faith judgment of the Liquidator to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

Appears in 1 contract

Samples: Star Group Lp

Liquidator. Upon dissolution of the CompanyPartnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Manager General Partner shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the The Liquidator (if other than the ManagerGeneral Partner) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Units, voting as a single class. The Liquidator (if other than the ManagerGeneral Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon Units, voting as a single class. Upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Outstanding Common Shares then Outstanding entitled to vote on such liquidationUnits, voting as a single class. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIIIXII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.4) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company Partnership as provided for herein. In the case Enviva Partners, LP Second Amended and Restated Agreement of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.Limited Partnership 55

Appears in 1 contract

Samples: Enviva Partners, LP

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