Common use of The Liquidator Clause in Contracts

The Liquidator. (a) Upon the dissolution of the Company, (i) if the Manager is the manager of the Company, the Manager shall act as Liquidator or appoint a Member or other Person to act as Liquidator; or (ii) otherwise, then a Majority in Interest (or their legal representatives, successors or assigns) shall select a Member (or, if no Member is willing to accept such appointment, any Person reasonably competent to act in that capacity) to act as Liquidator.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (LunaDNA, LLC), Limited Liability Company Agreement (SavvyShares LLC), Limited Liability Company Agreement (LunaDNA, LLC)

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