Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Members to minimize the losses normally attendant upon a liquidation.
Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) not to exceed eighteen (18) months shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the creditors so as to minimize any losses attendant upon dissolution.
Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership and the discharge of liabilities so as to minimize the losses normally attendant upon a liquidation. The Liquidating Agent shall, however, if possible consistent with the preceding sentence, dispose of Partnership assets and effect distributions to the Partners within one hundred eighty (180) days after the date of termination of the Partnership.
Orderly Liquidation. 32 10.7 Purchase of Assets by Member................................32 10.8
Orderly Liquidation. If the Borrower does not receive during the Interim Period a Letter of Intent acceptable to the Bank in its sole and absolute discretion, then the Borrower shall immediately commence, as of the end of the Interim Period, the Orderly Liquidation of Ad Art in accordance with the Orderly Liquidation Budget. The Borrower shall perform all reasonable acts to implement the Orderly Liquidation and to maximize the value of the Ad Art Collateral for the benefit of the Bank. The Borrower shall continue to engage Focus, or another financial consultant acceptable to the Bank in its reasonable discretion, to assist Ad Art in the Orderly Liquidation. The Borrower shall, within fifteen (15) days of the date of this Agreement, engage on reasonable terms a licensed and reputable commercial real estate broker to market and sell the California Real Estate and shall provide the Bank with a copy of the brokerage contract with such broker.
Orderly Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the LLC and the discharge of liabilities so as to minimize the losses normally attendant upon a liquidation and to maximize the value of such assets. The Liquidating Agent shall, however, if possible to do so in a manner consistent with the preceding sentence, dispose of all LLC assets (other than reserves) and effect distributions to the Members within one hundred and eighty (180) days after the date of dissolution of the LLC.
Orderly Liquidation. 49 12.8. Financial Statements.........................................49
Orderly Liquidation. In the event that the Partnership is terminated and dissolved pursuant to the provisions of Section 21.1, the remaining Partners shall proceed with an orderly liquidation of the affairs of the Partnership and shall distribute the assets of the Partnership in accordance with the provisions of Section 22, below.
Orderly Liquidation. Value Section 2.1(B) Papillon Section 11.1 Papillon Investment Section 11.1 Permitted Acquisition Section 7.6 Permitted Encumbrances Section 11.1 Person Section 11.1 Pro Forma Section 11.1 Pro Forma EBITDA Section 7.6 Pro Rata Share Section 11.1 Projections Section 11.1 Quality Recitals Real Estate Section 11.1 Register Section 9.5(E) Related Fund Section 9.5(D) Related Transaction Section 11.1 Related Transactions Documents Section 11.1 Release Section 11.1 Replacement Lender Section 2.11 Requisite Lenders Section 11.1
Orderly Liquidation. 68 ARTICLE 13 ACCOUNTING, REPORTS, BOOKS AND BANK ACCOUNTS....................68 Section 13.1
