Liquidator definition

Liquidator has the meaning set forth in Section 13.2.A hereof.

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Liquidator means one or more Persons selected by the General Partner to perform the functions described in Section 12.4 as liquidating trustee of the Partnership within the meaning of the Delaware Act.

Liquidator means an insolvency professional appointed as a liquidator in accordance with section 34 of the IBC;

Examples of Liquidator in a sentence

Upon dissolution of the Partnership, unless the business of the Partnership is continued pursuant to Section 12.2, the General Partner shall select one or more Persons to act as Liquidator.
Upon dissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be approved by holders of at least a majority of the Outstanding Common Units.
With respect to any liability that is contingent, conditional or unmatured or is otherwise not yet due and payable, the Liquidator shall either settle such claim for such amount as it thinks appropriate or establish a reserve of cash or other assets to provide for its payment.
The Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a majority of the Outstanding Common Units.
The Liquidator may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners.

More Definitions of Liquidator

Liquidator has the meaning set forth in Section 9.3.

Liquidator has the meaning set forth in Section 13.2.

Liquidator means one or more Persons selected by the Managing Member to perform the functions described in Section 13.2 as liquidating trustee of the Company within the meaning of the Act.

Liquidator means an insolvency professional appointed as a liquidator of the Company in accordance with section 34 of the IBC;

Liquidator means the General Partner or other Person approved pursuant to Section 13.3 who performs the functions described therein;

Liquidator means an insolvency professional appointed as a liquidator in

Liquidator has the meaning set forth in Section 10.8 of this Agreement.