Common use of Wind-Up Clause in Contracts

Wind-Up. In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (WUS Holding, L.L.C.), Limited Liability Company Agreement (WUS Holding, L.L.C.), Limited Liability Company Agreement (WUS Holding, L.L.C.)

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Wind-Up. In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act.. (d)

Appears in 1 contract

Samples: Limited Liability Company Agreement (Weatherford International LTD)

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Wind-Up. In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 11.053 of the ActTBOC.

Appears in 1 contract

Samples: Company Agreement (WUS Holding, L.L.C.)

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