Effect of Dissolution. Upon any dissolution of the Company under this Agreement or the Act, except as otherwise provided in this Agreement, the continuing operation of the Company’s business shall be confined to those activities reasonably necessary to wind up the Company’s affairs, discharge its obligations, and liquidate its assets and properties in a businesslike manner.
Appears in 18 contracts
Samples: Limited Liability Company Agreement (Clarksburg Skylark, LLC), Limited Liability Company Agreement (Vistancia Marketing, LLC), Limited Liability Company Agreement (Vistancia Marketing, LLC)
Effect of Dissolution. Upon any dissolution of the Company under this Agreement or the Act, except as otherwise provided in this Agreement, the continuing operation of the Company’s business shall be confined to those activities reasonably necessary to wind up the Company’s affairs, discharge its obligations, and liquidate its assets and properties in a businesslike manner. Upon the occurrence of an event of dissolution, unless the business of the Company is continued as provided herein, the Company shall file a certificate of cancellation under [STATE LLC ACT].
Appears in 1 contract
Samples: Template Operating Agreement
Effect of Dissolution. Upon any dissolution of the Company under this Agreement or the Act, except as otherwise provided in this Agreement, the continuing operation of the Company’s 's business shall be confined to those activities reasonably necessary to wind up the Company’s 's affairs, discharge its obligations, and liquidate its assets and properties in a businesslike manner.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Triad Park LLC)
