OPERATIONS DURING LIQUIDATION. Upon the determination that the Company is to be dissolved and liquidated, the business of the Company during the period of liquidation shall be carried on by the Governors, or by a designee of the Governors, who shall possess all the powers of the Governors to the extent necessary to wind up the business and affairs of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Rouge Steel Co), Operating Agreement (Rouge Industries Inc)
OPERATIONS DURING LIQUIDATION. Upon the determination that the Company is to be dissolved and liquidated, the business of the Company during the period of liquidation shall be carried on by the GovernorsManager, or if there be no Manager, by a designee of the GovernorsMembers, who shall possess all the powers of the Governors Manager to the extent necessary to wind up the business and affairs of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (M I Schottenstein Homes Inc)
OPERATIONS DURING LIQUIDATION. Upon the determination that the Company is to be dissolved and liquidated, the business of the Company during the period of liquidation shall be carried on by the GovernorsManagers, or by a designee of the GovernorsManagers, who shall possess all the powers of the Governors Managers to the extent necessary to wind up the business and affairs of the Company.
Appears in 1 contract
Samples: Operating Agreement (Rouge Steel Co)
