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

Notwithstanding anything else set forth in this Section 2.4(b), no Member shall incur any personal liability for any action of the Managing Member or the Liquidator taken under such power of attorney.
Any such distributions in kind shall be made only if, in the good faith judgment of the Liquidator, such distributions in kind are in the best interest of the Holders, and shall be subject to such conditions relating to the disposition and management of such properties as the Liquidator deems reasonable and equitable and to any agreements governing the operation of such properties at such time.
Each Member and Assignee shall execute and deliver to the Managing Member or the Liquidator, within fifteen (15) days after receipt of the Managing Member’s or the Liquidator’s request therefor, such further designation, powers of attorney and other instruments as the Managing Member or the Liquidator (as the case may be) deems necessary to effectuate this Agreement and the purposes of the Company.
Each such Member and Assignee hereby agrees to be bound by any representation made by the Managing Member or the Liquidator, acting in good faith pursuant to such power of attorney; and, to the fullest extent permitted by law, each such Member and Assignee hereby waives any and all defenses that may be available to contest, negate or disaffirm the action of the Managing Member or the Liquidator, taken in good faith under such power of attorney.
The Liquidator shall determine the fair market value of any property distributed in kind using such reasonable method of valuation as it may adopt.

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.