Common use of Liquidators Clause in Contracts

Liquidators. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided in this Section 7.02 and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company Assets and the Company's affairs with all the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:

Appears in 2 contracts

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