Common use of Reasonable Time for Winding Up Clause in Contracts

Reasonable Time for Winding Up. A reasonable time shall be allowed for the orderly winding up of the business and affairs of NGR Management and the liquidation of its assets pursuant to Section 11.2 in order to minimize any losses otherwise attendant upon such winding up.

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement