Common use of Responsibility for Winding Up Clause in Contracts

Responsibility for Winding Up. Upon dissolution of the Company pursuant to Article XI, the Manager, or the authorized representative of the Manager, shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Us Geothermal Inc), Operating Agreement (Us Geothermal Inc)

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Responsibility for Winding Up. Upon dissolution of the Company pursuant to Article XI, the ManagerManagers, or the authorized representative of the ManagerManagers, shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets.

Appears in 2 contracts

Samples: Operating Agreement (Us Geothermal Inc), Operating Agreement (Us Geothermal Inc)

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