Winding Up, Liquidation and Distribution of Assets. a. Upon dissolution of the Company, no further business shall be conducted by the Company except for the taking of such action as shall be necessary for the winding up of the affairs of the Company and the distribution of its assets pursuant to the provisions of this Section. The Member shall act as the Liquidating Trustee. The Liquidating Trustee shall have full authority to wind up the affairs of the Company and to make distributions as provided herein.
Appears in 17 contracts
Samples: Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC)
Winding Up, Liquidation and Distribution of Assets. a. (a) Upon dissolution of the Company, no further business shall be conducted by the Company except for the taking of such action as shall be necessary for the winding up of the affairs of the Company and the distribution of its assets to the Sole Member pursuant to the provisions of this Section. The Member An officer of the Company shall act as the Liquidating Trustee, or, if no officer is able to act as Liquidating Trustee, the Sole Member shall appoint the Liquidating Trustee. The Liquidating Trustee shall have full authority to wind up the affairs of the Company and to make distributions as provided herein.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Axcan Intermediate Holdings Inc.)
Winding Up, Liquidation and Distribution of Assets. a. (a) Upon dissolution of the Company, no further business shall be conducted by the Company except for the taking of such action as shall be necessary for the winding up of the affairs of the Company and the distribution of its assets to the Member pursuant to the provisions of this Section. The Member Manager shall act as the Liquidating Trustee, or, if the Manager is unable to act as Liquidating Trustee, the Member shall appoint the Liquidating Trustee. The Liquidating Trustee shall have full authority to wind up the affairs of the Company and to make distributions as provided herein.
Appears in 2 contracts
Samples: LLC Operating Agreement (Medical Evaluation Specialists), Operating Agreement (Medical Evaluation Specialists)
Winding Up, Liquidation and Distribution of Assets. a. (a) Upon dissolution of the Company, no further business shall be conducted by the Company except for the taking of such action as shall be necessary for the winding up of the affairs of the Company and the distribution of its assets assets' to the Members pursuant to the provisions of this SectionArticle XII. The Member Management Committee shall act as the appoint a Liquidating Trustee. The Liquidating Trustee shall have full authority to wind up the affairs of the Company and to make distributions as provided herein.
Appears in 2 contracts
Samples: LLC Agreement (Uae Ref Fuel Ii Corp), LLC Agreement (MSW Energy Hudson LLC)
Winding Up, Liquidation and Distribution of Assets. a. (a) Upon dissolution of the Company, no further business shall be conducted by the Company except for the taking of such action as shall be necessary for the winding up of the affairs of the Company and the distribution of its assets to the Members pursuant to the provisions of this SectionArticle XII. The Member Board of Directors shall act as the appoint a Liquidating Trustee. The Liquidating Trustee shall have full authority to wind up the affairs of the Company and to make distributions as provided herein.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Uae Ref Fuel Ii Corp)
