Common use of Winding Up, Liquidation and Distribution of Assets Clause in Contracts

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the Company.

Appears in 26 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Phoenix Capital Group Holdings, LLC), Operating Agreement, Operating Agreement (Diamond Resorts Parent, LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Member shall immediately proceed to wind up the affairs of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Nuverra Environmental Solutions, Inc.), Limited Liability Company Agreement (Nuverra Environmental Solutions, Inc.), Limited Liability Company Agreement (Nuverra Environmental Solutions, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, Managers or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “LiquidatorLiquidators”) shall immediately proceed to wind up the affairs of the Company.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement (Bluerock Residential Growth REIT, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 4 contracts

Samples: Regulations and Operating Agreement (Dynacq International Inc), Operating Agreement (Walden Residential Properties Inc), Operating Agreement (KFX Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote Board of the Members (the “Liquidator”) Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Celadon Group Inc), Operating Agreement (American Artists Entertainment Corp), American Artists Entertainment Corp

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”Manager(s) shall immediately proceed to wind up the affairs of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Nuverra Environmental Solutions, Inc.), Operating Agreement (Badlands Power Fuels, LLC), Operating Agreement (Ryan's Restaurant Leasing Company, LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”Manager(s) shall immediately proceed to wind up the affairs of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Nelnet Inc), Operating Agreement (Homegold Financial Inc), Operating Agreement (Homegold Financial Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) chief executive officer shall immediately proceed to wind up the affairs of the Company.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Castle Arch Real Estate Investment Company, LLC), Amended Operating Agreement (Castle Arch Real Estate Investment Company, LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Operating Agreement (Tercentenary Holdings, Corp.), Operating Agreement (Thompson Creek Metals Co USA)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, dissolution and the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Chairman shall immediately proceed to wind up the affairs of the Company.. If the Company is dissolved and its affairs are to be wound up, the Chairman shall:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Great Plains Energy Inc), Limited Liability Company Agreement (Great Plains Energy Inc), Limited Liability Company Agreement (Great Plains Energy Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operationsoperations shall be made by the Company’s independent accountants, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “LiquidatorLiquidators”) selected by the Members shall proceed immediately proceed to wind up the affairs of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Safe & Green Development Corp), Operating Agreement (Safe & Green Development Corp), Operating Agreement (Sg Blocks, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolutiondissolution of the Company, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if noneManager may cause such accounting to be made by independent accountants and shall cause such accounting to be made by independent accountants upon the request of any Member. Upon dissolution of the Company, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the business and affairs of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Unified Western Grocers Inc), Operating Agreement (Unified Western Grocers Inc)

Winding Up, Liquidation and Distribution of Assets. (a) a. Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, Manager or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “Liquidator”"Liquidators") shall immediately proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants Manager of the accounts of the Company and of the Company’s assets, liabilities liabilities, and operations, results of operations from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rex Energy Corp), Limited Liability Company Agreement (Rex Energy Corp)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolutiondissolution of the Company, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous immediately preceding accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managing Member shall immediately proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (United Realty Trust Inc), Operating Agreement (Interstate Hotels & Resorts Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, Manager or if none, the Persons Person or Persons selected by the Members by Majority Vote of the Members (the “LiquidatorLiquidators”) shall immediately proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolutiondissolution of the Company, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managing Member shall immediately proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Penson Worldwide Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Sole Member shall immediately promptly proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Professional Teleconcepts, Inc.), Operating Agreement (C2 Utility Contractors LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately promptly proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vaporin, Inc.), Limited Liability Company Agreement (Vapor Corp.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, officers or if none, the Persons or Persons selected by Majority Vote other designee of the Members (the “Liquidator”) Board of Directors shall immediately proceed to wind up the affairs of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Cal Maine Foods Inc), Operating Agreement (Cal Maine Foods Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Accounting. Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Stratus Services Group Inc

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolutionthe occurrence of an event of dissolution pursuant to Section 13.2(a), an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, and the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Management Committee shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Northeast Utilities System)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote Board of the Members (the “Liquidator”) Directors shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Las Vegas Sands Corp)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the CompanyTrust’s accountants of the accounts of the Company Trust and of the CompanyTrust’s assets, liabilities liabilities, and operations, from the date of the last previous accounting until the date of dissolution. The Managertrustee, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the CompanyTrust.

Appears in 1 contract

Samples: Operating Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Liquidator shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Black Hawk Gaming & Development Co Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolutiontermination of the Company, an accounting shall be made by the Managers or the Company’s 's accountants of the accounts of the Company and or other financial professional of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolutionwinding up. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: C-Bond Systems, Inc

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, Board of Directors shall cause the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall Company's officers to immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Community Trust Financial Services Corporation)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants Auditor of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, Manager or if none, such Person as shall be designated by the Persons or Persons selected by Majority Vote of the Class C Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the Company. The Persons responsible for administering the winding up and liquidation of the Company shall be known as the “Liquidating Member(s).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Eif Neptune, LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants 's Manager of the accounts of the Company and of the Company’s 's assets, liabilities and 42 operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Registration Agreement (Navigant International Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managing Member shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Berkshire Income Realty Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Feldman Mall Properties, Inc.)

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Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall may be made by the Company’s accountants 's independent accountants, if any, of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Town Sports International Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Board shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Good Times Restaurants Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company, unless a Majority of Members directs the Manager to continue the business of the Company for a period in order to maximize its value as a going concern for eventual sale.

Appears in 1 contract

Samples: Operating Agreement (Gourmet Renee, LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolutiondissolution of the Company, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous immediately preceding accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managing Member shall immediately proceed to wind up the affairs of the Company, at the sole cost and expense of the Members based on their Company Percentage Interests.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Lightstone Real Estate Income Trust Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities liabilities, and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, operations from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Board shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MN8 Energy, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, President under the Persons or Persons selected by Majority Vote direction of the Members (the “Liquidator”) Board of Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Apgc Holdings Co LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, Managers or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “Liquidator”"Liquidators") shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Bluerock Residential Growth REIT, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities liabilities, and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (KEMET Foil Manufacturing LLC)

Winding Up, Liquidation and Distribution of Assets. (a) a. Upon dissolution, an accounting shall be made by the Company’s 's independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, Manager or if none, the Persons Person or Persons selected by Majority Vote majority vote of the Members (the “Liquidator”"Liquidators") shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Cannaisseur Group Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants Managers of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Managers shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solis Seattle, LLC)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the the, last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”Member(s) shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s 's accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The ManagerAdministrative Member, or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “Liquidator”) "Liquidators"), shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Orion Office REIT Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Member shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Iowa Telecom Communications Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants independent accountant of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Sole Member shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Escrow Agreement (Resmed Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The ManagerManagers or, or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “LiquidatorLiquidators”) shall immediately proceed to wind up the affairs of the Company.. 49

Appears in 1 contract

Samples: Operating Agreement (Bluerock Residential Growth REIT, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants Company Accountant of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Operating Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants accountant or accounting firm then serving the Company of the accounts of the Company and of the Company’s assets, liabilities liabilities, and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Nelnet Inc)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) Manager shall immediately proceed to wind up the affairs of the Company.Company.‌

Appears in 1 contract

Samples: Limited Liability Company Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution, an accounting shall be made by the Company’s accountants of the accounts of the Company and of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The ManagerManager(s), or if none, the Persons Person or Persons selected by Majority Vote of the Members (the “LiquidatorLiquidators”) shall immediately proceed to wind up the affairs of the CompanyCompany and, after payment of all debts and expenses distribute the remaining assets, if any, ratably to all Members.

Appears in 1 contract

Samples: Operating Agreement

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