Common use of Termination of Company Clause in Contracts

Termination of Company. Except as otherwise provided in this Agreement, the Company shall terminate when all of the Company’s assets shall have been converted into cash and the net proceeds therefrom, as well as any other liquid assets of the Company, after payment of or due provision for the payment of all debts, liabilities, and obligations of the Company, shall have been distributed to the Partners as provided for in Section 11.05, and all instruments recorded or filed in the manner required by the Act.

Termination of Company. Except as otherwise provided in this Agreement, the The Company shall terminate when (i) all of the Company’s assets Property of the Company shall have been converted into cash and cash; (ii) the net proceeds therefrom, as well as any other liquid assets of the Company, after payment of or due provision for the payment of all debts, liabilities, liabilities and obligations of the Company, shall have been distributed to the Partners Members as provided for in Section 11.05, 10.2; and all instruments recorded or (iii) the articles of dissolution shall have been executed and filed in the manner required by accordance with the Act.

Termination of Company. Except as otherwise provided in this Agreement, the Company shall terminate when all of the Company’s assets shall have been converted into cash and the net proceeds therefrom, as well as any other liquid assets of the Company, after payment of or due provision for the payment of all debts, liabilities, and obligations of the Company, shall have been distributed to the Partners Members as provided for in Section 11.0512.05, and all instruments recorded or filed in the manner required by the Act.