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.
Appears in 10 contracts
Samples: Limited Liability Company Operating Agreement (Red Oak Capital Fund VII, LLC), Limited Liability Company Agreement (Red Oak Capital Fund Series, LLC), Limited Liability Company Agreement (Phoenix Capital Group Holdings I LLC)
Orderly Liquidation. A reasonable time as determined by the Member Manager (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.
Appears in 8 contracts
Samples: Operating Agreement (Gamble's Hill Tredegar, LLC), Operating Agreement (Gamble's Hill Tredegar, LLC), Operating Agreement (Gamble's Hill Tredegar, LLC)
Orderly Liquidation. A reasonable time as determined by the Member Managers (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.
Appears in 6 contracts
Samples: Operating Agreement (Tempus Applied Solutions Holdings, Inc.), Operating Agreement (Gamble's Hill Tredegar, LLC), Operating Agreement (Gamble's Hill Tredegar, LLC)
Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) not to exceed eighteen (18) 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.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) Managers 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.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Delta Mine Holding CO), Operating Agreement (Delta Mine Holding CO)
Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) Manager 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.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Phoenix Capital Group Holdings, LLC), Operating Agreement
Orderly Liquidation. A reasonable time as determined by the Member Chief Operations Officer (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 dissolutionCompany’s permitted, lawful obligations.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Orderly Liquidation. A reasonable time as determined by the Member Manager (or the other Person or Persons carrying out designated to administer the liquidation) not to exceed eighteen (18) 18 months shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to the Company’s creditors so as to minimize any losses attendant upon dissolution.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Orderly Liquidation. A reasonable time as determined by the Member General Manager (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.
Appears in 1 contract
Samples: Operating Agreement
Orderly Liquidation. A reasonable time as determined by the Member (or the Person or Persons carrying out the liquidation) Members 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.
Appears in 1 contract
Samples: Operating Agreement
