Reasonable Time for Winding Up. A reasonable time shall be allowed for the orderly winding up of the business and affairs of the LLC and the liquidation of its assets pursuant to SECTION 13.2 in order to minimize any losses otherwise attendant upon such winding up.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Prestige Brands International, Inc.), Limited Liability Company Agreement (Prestige Brands Holdings, Inc.)
Reasonable Time for Winding Up. A reasonable time shall be allowed for the orderly winding up of the business and affairs of the LLC (including, without limitation, completing commitments under current LLC contracts and depleting the existing LLC inventory of parts and components) and the liquidation of its assets pursuant to SECTION 13.2 Section 11.3 in order to minimize any losses otherwise attendant upon such a winding up.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wyle Electronics), Limited Liability Company Agreement (Marshall Industries)
Reasonable Time for Winding Up. A reasonable time shall be allowed for the orderly winding up of the business and affairs of the LLC and the liquidation of its assets pursuant to SECTION 13.2 in order to minimize any losses otherwise other-wise attendant upon such winding up.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tsi Finance Inc)
