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

Winding Up, Liquidation and Distribution of Assets. Upon dissolution 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 immediately preceding accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Manager shall:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Limited Liability Company Agreement (First Capital Real Estate Trust Inc)

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Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Company 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 Day-to-Day Manager it shall:

Appears in 2 contracts

Samples: Operating Agreement (Majestic Star Casino LLC), Operating Agreement (Majestic Investor Capital Corp)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution 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 immediately preceding accounting until the date of dissolution. The Day-to-Day Manager or the Board Managing Member 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 Day-to-Day Manager shall:

Appears in 1 contract

Samples: Limited Liability Company Agreement (First Capital Real Estate Trust Inc)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 immediately preceding accounting until the date of dissolution. The Day-to-Day Manager or the Board Member shall immediately proceed to wind up the affairs of the Company. If Company in accordance with the Company is dissolved and its affairs are to be wound up, the Day-to-Day Manager shall:Act.

Appears in 1 contract

Samples: Operating Agreement (B&H Contracting, L.P.)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board of Managers 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 Day-to-Day Manager Board of Managers shall:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (New Gaming Capital Partnership)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Members 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 Day-to-Day Manager shallMembers shall do and shall cause the Company to do the following:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Winding Up, Liquidation and Distribution of Assets. Upon --------------------------------------------------- dissolution 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 's assets, liabilities liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or Members may cause such accounting to be made by independent accountants and shall cause such accounting to be made by independent accountants upon the Board request of any Member. Upon dissolution of the Company, the Members shall immediately proceed to wind up the business and affairs of the Company. If the Company is dissolved and its affairs are to be wound up, the Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Employment Agreement (Intercell International Corp)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Managers 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Operating Agreement (First Union Real Estate Equity & Mortgage Investments)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 liabilities, and operations~operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Manager shall:

Appears in 1 contract

Samples: Operating Agreement (Horsburgh & Scott Co)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and Board of the Company’s 's assets, liabilities liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Manager Board shall:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s accounts, assets, liabilities and operations, operations from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Operating Agreement (Gardner Denver Inc)

Winding Up, Liquidation and Distribution of Assets. 13.2.1 Upon dissolution of the Companydissolution, 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 immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Managers 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Operating Agreement (Raging River Capital LP)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants accountant of the accounts of the Company and of the Company’s assets, liabilities and operations, operations from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board of Managers 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Preferred Unit Purchase Agreement (Elandia International Inc.)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of the dissolution. The Day-to-Day Manager or the Board Managers shall immediately proceed to wind up the affairs of the Company. If the Company is dissolved and its affairs are to be wound would up, the Day-to-Day Manager Managers shall:

Appears in 1 contract

Samples: Operating Agreement (Browsesafe Com Inc)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s 's independent accountants of all the accounts of the Company and of the Company’s 's assets, liabilities liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of the dissolution. The Day-to-Day Manager or the Board Company 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 Day-to-Day Manager Company shall:

Appears in 1 contract

Samples: Operating Agreement

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board of Directors 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 Day-to-Day Manager Board of Directors shall:

Appears in 1 contract

Samples: Master Joint Venture Agreement (Thermolase Corp)

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Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Manager(s) 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Operating Agreement (Tb Woods Corp)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day dissolution and the General Manager or the Board 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 Day-to-Day General Manager shall:

Appears in 1 contract

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

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and Board of the Company’s 's assets, liabilities liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Manager Board shall:

Appears in 1 contract

Samples: Limited Liability Company Agreement

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution of the Companydissolution, 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 immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Member 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Operating Agreement (H&r Block Inc)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s books, records, assets, liabilities liabilities, and operations, operations from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Managers 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 Day-to-Day Manager Managers shall:

Appears in 1 contract

Samples: Operating Agreement (SILC Holdings LLC)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Company-------------------------------------------------- dissolution, an accounting shall be made by the Company’s independent accountants of the accounts of the Company and of the Company’s 's assets, liabilities liabilities, and operations, from the date of the immediately preceding accounting until the date of dissolution. The Day-to-Day Manager or the Board Managers 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 Day-to-Day Manager Managers shall:

Appears in 1 contract

Samples: Asset Contribution Agreement (Unified Financial Services Inc)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Manager shall:

Appears in 1 contract

Samples: Operating Agreement (Horsburgh & Scott Co)

Winding Up, Liquidation and Distribution of Assets. Upon dissolution of the Companydissolution, 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 liabilities, and operations, from the date of the immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board 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 Day-to-Day Operations Manager shall:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Blue Holdings, Inc.)

Winding Up, Liquidation and Distribution of Assets. (a) Upon dissolution of the Companydissolution, 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 immediately preceding last previous accounting until the date of dissolution. The Day-to-Day Manager or the Board Managers 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 Day-to-Day Manager shall:.

Appears in 1 contract

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

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