Winding Up Affairs. Upon the dissolution of the Company, the Manager shall be responsible for winding up the affairs of the Company. The Manager shall have the authority to determine the time, place, manner and other terms of any sales involving the Company’s assets, with due regard to the activity and the condition of the Company and the relevant market and economic conditions. Subject to the requirements of this Agreement and the Act, the Manager shall have the authority to cause the Company to (a) liquidate any of its assets and then distribute the liquidation proceeds; or (b) make in-kind distributions of any assets to the Sole Member upon the request of the Sole Member.
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Samples: Operating Agreement (Composite Technology Corp), Operating Agreement (Composite Technology Corp), Operating Agreement (Composite Technology Corp)
Winding Up Affairs. Upon the dissolution of the ofthe Company, the Manager shall be responsible for winding up the affairs of the ofthe Company. The Manager shall have the authority to determine the time, place, manner and other terms of any ofany sales involving the Company’s assets, with due regard to the activity and the condition of the ofthe Company and the relevant market and economic conditions. Subject to the requirements of this ofthis Agreement and the Act, the Manager shall have the authority to cause the Company to (a) liquidate any of its assets and then distribute the liquidation proceeds; or (b) make in-kind distributions of any ofany assets to the Sole Member upon the request of the ofthe Sole Member.
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