PURPOSE OF THE TRUST. (a) It is expected that the Company shall dissolve and liquidate prior to fully winding up its affairs, including, but not limited to, the sale of its remaining assets, the collection of any receivables and the payment of any unsatisfied debts, claims, liabilities, commitments, suits and other obligations, whether contingent or fixed or otherwise (the “Liabilities”), except for such liabilities and obligations for which the Company has previously established reserves by the retention of the Company Cash Reserves as described in the recitals hereto. The Trust hereby is organized for the sole purpose of winding up the affairs of the Company as promptly as reasonably possible and with no objective to continue or engage in the conduct of a trade or business.
Appears in 5 contracts
Samples: Liquidating Trust Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Liquidating Trust Agreement (ICON ECI Fund Sixteen), Liquidating Trust Agreement (Icon Eci Fund Fifteen, L.P.)
PURPOSE OF THE TRUST. (a) It is expected that the Company Partnership shall dissolve and liquidate prior to fully winding up its affairs, including, but not limited to, the sale of its remaining assets, the collection of any receivables and the payment of any unsatisfied debts, claims, liabilities, commitments, suits and other obligations, whether contingent or fixed or otherwise (the “Liabilities”), except for such liabilities and obligations for which the Company Partnership has previously established reserves by the retention of the Company Cash Reserves as described in the recitals hereto. The Trust hereby is organized for the sole purpose of winding up the affairs of the Company Partnership as promptly as reasonably possible and with no objective to continue or engage in the conduct of a trade or business.
Appears in 3 contracts
Samples: Liquidating Trust Agreement (Icon Income Fund Eight B Lp), Liquidating Trust Agreement (Icon Cash Flow Partners L P Seven), Liquidating Trust Agreement (Icon Income Fund Eight /De)
PURPOSE OF THE TRUST. (a) It is expected that the Company Partnership shall dissolve and liquidate prior to fully winding up its affairs, including, but not limited to, the sale of its remaining assets, the collection of any receivables and the payment of any unsatisfied debts, claims, liabilities, commitments, suits and other obligations, whether contingent or fixed or otherwise (the “Liabilities”), except for such liabilities and obligations for which the Company Partnership has previously established reserves by the retention of the Company Cash Reserves as described in the recitals hereto. The Trust hereby is organized for the sole purpose of winding up the affairs of the Company Partnership as promptly as reasonably possible and with no objective to continue or engage in the conduct of a trade or businessbusiness except as necessary for the orderly liquidation of the Trust Assets.
Appears in 2 contracts
Samples: Liquidating Trust Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Liquidating Trust Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)
