Common use of Time for Liquidation Clause in Contracts

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Managing Member (or liquidating trustee or other representative) to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and, subject to Section 13.11, shall terminate upon cancellation of the Articles in accordance with the Act.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding winding-up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Managing Member (or liquidating trustee or other representative) Liquidating Agent to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding winding-up and, subject to Section 13.11, shall terminate upon cancellation and until the filing of the Articles in accordance Certificate of Cancellation with the ActDelaware Secretary of State.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Company Fund and the discharge of liabilities to creditors so as to enable the Managing Member (or liquidating trustee or other representative) General Partner to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and, subject to Section 13.11, and shall terminate upon cancellation the filing of the Articles a notice of closure of dissolution in accordance with the ActCompany Law.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Managing Member (or liquidating trustee or other representative) Liquidating Agent to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and, subject to Section 13.11, shall terminate upon cancellation and until the filing of the Articles in accordance Certificate of Cancellation with the ActDelaware Secretary of State.

Time for Liquidation. A reasonable time period shall be allowed for the orderly winding winding-up and liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Managing Member (or liquidating trustee or other representative) Liquidating Agent to seek to minimize potential losses upon such liquidation. The provisions of this Agreement shall remain in full force and effect during the period of winding up and, subject to Section 13.11, shall terminate upon and until the filing of a certificate of cancellation of the Articles in accordance Certificate of Formation with the ActSecretary of State of the State of Delaware.