Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:
Appears in 35 contracts
Samples: Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Enterprise GP Holdings L.P.)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors Management Committee shall select one or more Persons Member to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsMembers. The steps to be accomplished by the liquidator are as follows:
Appears in 27 contracts
Samples: Limited Liability Company Agreement (Onsite Energy, Inc.), Limited Liability Company Agreement (Louisiana Generating LLC), Limited Liability Company Agreement (Somerset Power LLC)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:
Appears in 14 contracts
Samples: Limited Liability Company Agreement (DCP Midstream, LP), Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Eagle Rock Energy Partners, L.P.)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware LLC Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (Memorial Production Partners LP)
Winding Up and Termination. (a) On the occurrence of a Dissolution EventEvent of the type described in Section 12.01, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsBoard. The steps to be accomplished by the liquidator are as follows:
Appears in 8 contracts
Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement
Winding Up and Termination. (a) On Upon the occurrence dissolution of a Dissolution Eventthe Company, unless it is reconstituted pursuant to the Act, the Board of Directors or a Person or Persons selected by the Board shall select act as liquidator or shall appoint one or more Persons to act as liquidator. The liquidator liquidators who shall proceed diligently have full authority to wind up the affairs of the Company and make final distributions distribution as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directorsherein. The steps to be accomplished by the liquidator are as follows:
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Quintana Maritime LTD), Limited Liability Company Agreement (Quintana Maritime LTD), Limited Liability Company Agreement (Quintana Maritime LTD)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors Management Committee shall select one designate a Member or more Persons other Person to act serve as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding winding-up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsMembers. The steps to be accomplished by the liquidator are as follows:
Appears in 6 contracts
Samples: Limited Liability Company Agreement (EQT Midstream Partners, LP), Limited Liability Company Agreement (Piedmont Natural Gas Co Inc), Limited Liability Company Agreement (RGC Resources Inc)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Company Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein in Section 7.6(b) and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:Company Board.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Phillips 66), Limited Liability Company Agreement (Spectra Energy Corp.), Limited Liability Company Agreement (Duke Energy Corp)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsMembers. The steps to be accomplished by the liquidator are as follows:
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Quest Resource Corp), Limited Liability Company Agreement (Buckeye Partners L P)
Winding Up and Termination. (a) On the occurrence of a Dissolution EventEvent of the type described in Section 11.01, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsBoard. The steps to be accomplished by the liquidator are as follows:
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company Company's properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Management LLC)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors Executive Committee shall select one or more Persons Member to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The reasonable costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsMembers. The steps to be accomplished by the liquidator are as follows:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (NRG Retail LLC), Limited Liability Company Agreement (NRG Retail LLC), Limited Liability Company Agreement (NRG Retail LLC)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors Managing Member shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsManaging Member. The steps to be accomplished by the liquidator are as follows:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Williams Companies Inc), Agreement and Plan of Merger
Winding Up and Termination. (a) On the occurrence of a Dissolution EventEvent not subject to a Continuation Election, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Parent Company Agreement (El Paso Corp/De), Limited Liability Company Agreement (El Paso Corp/De)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors Management Committee shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein in Section 7.6(b) and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by Management Committee and the liquidator are as follows:Delegate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Phillips 66 Partners Lp), Limited Liability Company Agreement (Phillips 66 Partners Lp)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidatorliquidator (the "LIQUIDATOR"). The liquidator Liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator Liquidator shall continue to operate the Company Company's properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:.
Appears in 2 contracts
Samples: Enbridge Energy Management L L C, Enbridge Inc
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, unless a Continuation Election has been made, the Board of Directors shall select one or more Persons to act as appoint a liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsMembers. The steps to be accomplished by the liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise Products Partners L P)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall may select one or more Persons to act as liquidator or may itself act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense, including reasonable compensation to the liquidator if approved by the Board. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsBoard. The steps to be accomplished by the liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company Company’s properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:.
Appears in 2 contracts
Samples: Purchase Agreement (Knight Inc.), Limited Liability Company Agreement (Kinder Morgan Management LLC)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsBoard. The steps to be accomplished by the liquidator are as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (EV Energy Partners, LP), Limited Liability Company Agreement (EV Energy Partners, LP)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Millennium Homes LLC)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board shall act as, or alternatively appoint, a liquidator (who will be the “liquidating trustee” for purposes of Directors shall select one or more Persons to act as liquidatorthe Act). The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Summit Midstream Partners, LP)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsMembers. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Legacy Reserves L P)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall Manager may select one or more Persons to act as liquidator or may itself act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense, including reasonable compensation to the liquidator if approved by the Manager. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsManager. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Samples: Equity Capital Contribution Agreement (Bloom Energy Corp)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidatorliquidator (the “Liquidator”). The liquidator Liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator Liquidator shall continue to operate the Company Company’s properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Enbridge Energy Partners Lp)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall Managers may select one or more Persons to act as liquidator or may itself act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense, including reasonable compensation to the liquidator if approved by the Board of Managers. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsManagers. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall select one or more Persons to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware LLC Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of DirectorsProperty. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
Winding Up and Termination. (a) On the occurrence of a Dissolution Event, the Board of Directors shall, or shall select one or more Persons to to, act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Delaware LLC Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Board of Directors. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (LRR Energy, L.P.)
