Orderly Winding Up. Notwithstanding anything to the contrary in this Article 12 upon winding up and liquidation, if required to maximize the proceeds of liquidation, the Members may, upon unanimous approval, transfer the assets of the Company to a liquidating trustee or trustees.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cenex Harvest States Cooperatives), Limited Liability Company Agreement (Harvest States Cooperatives)
Orderly Winding Up. Notwithstanding anything herein to the contrary in this Article 12 contrary, upon winding up and liquidation, if required to maximize the proceeds of liquidation, the Members may, upon unanimous approvalapproval of the Requisite Preferred Holders, transfer the assets of the Company to a liquidating trustee trust or trustees.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cullinan Oncology, LLC), Limited Liability Company Agreement (Cullinan Oncology, LLC)
Orderly Winding Up. Notwithstanding anything to the contrary in this Article 12 Sections 9.1 and 9.2 upon winding up and liquidation, if required to maximize the proceeds of liquidation, the Members may, upon unanimous approvalapproval of the holders of all of the Units, transfer the assets of the Company to a liquidating trustee or trustees.
Appears in 1 contract
Samples: Joint Venture Formation Agreement (Chicago Miniature Lamp Inc)
