Common use of Winding Up and Liquidation Clause in Contracts

Winding Up and Liquidation. Upon the dissolution of the Company, the Company shall cease to engage in any further business, except to the extent necessary to perform existing obligations, and shall wind up its affairs and liquidate its assets. Such Person(s) as may be selected by the Governing Board (the “Liquidator”), shall wind up and liquidate the Company’s business and affairs.

Winding Up and Liquidation. Upon the dissolution of the Company, the Company shall cease to engage in any further business, except to the extent necessary to perform existing obligations, and shall wind up its affairs and liquidate its assets. Such Person(s) as may be selected by the Governing Board (the “Liquidator”), The Managers shall appoint a liquidator who shall wind up and liquidate the Company’s 's business and affairs. During the course of liquidation, the Members shall continue to share Income and Loss(es) as provided in Article VI of this Agreement.

Winding Up and Liquidation. Upon the dissolution of the Company, the Company shall cease to engage in any further business, except to the extent necessary to perform existing obligations, and shall wind up its affairs and liquidate its assets. Such Person(s) as may be selected by the Governing Board (the “Liquidator”), The Manager shall appoint a liquidator who shall wind up and liquidate the Company’s 's business and affairs. During the course of liquidation, the Members shall continue to share Income and Losses as provided in Article VI of this Agreement.

Winding Up and Liquidation. Upon the dissolution of the Company, the Company shall cease to engage in any further business, except to the extent necessary to perform existing obligations, and shall wind up its affairs and liquidate its assets. Such Person(s) as may be selected by the Governing Board (the “Liquidator”), ) shall wind up and liquidate the Company’s business and affairs.