Liquidating Agent definition

Liquidating Agent has the meaning specified in Section 7.2(a).

Liquidating Agent. Has the meaning set forth in Section 10.4 hereto.

Liquidating Agent means the per- son or persons, including any legally recognized entity, appointed by the board of directors to liquidate the Fed- eral credit union.

Examples of Liquidating Agent in a sentence

• The Liquidating Agent, to the extent practicable, shall liquidate the assets of the Company as promptly as possible, but in an orderly and businesslike manner so as not to involve undue sacrifice.

• The Liquidating Agent hereby is authorized and empowered to execute any and all documents and to take any and all actions necessary or desirable to effectuate the dissolution and liquidation of the Company in accordance with this Agreement.

• Promptly after the termination of the Company, the Liquidating Agent shall cause to be prepared and furnished to the Member(s) a statement setting forth the assets and liabilities of the Company as of the date of termination.

• Promptly after the termination of the Company, the Liquidating Agent shall cause to be prepared and furnished to the Members a statement setting forth the assets and liabilities of the Company as of the date of termination.

• Language to be used on the ballot if this option is chosen is set forth in RSA 40:13, VIII-a.

More Definitions of Liquidating Agent

Liquidating Agent means the NCUA Board or person(s) appointed by it with delegated authority to carry out the liquidation of the credit union.

Liquidating Agent means the per- son or persons, including any legally recognized entity, appointed by the board of directors to liquidate the Fed- eral credit union.§ 710.2 Responsibility for conducting voluntary liquidation.(a) The board of directors shall be re- sponsible for conserving the assets, for expediting the liquidation, and for eq- uitable distribution of the assets to the members.(b) After voting to present the ques- tion of liquidation to the members, the board of directors may appoint a liqui- dating agent and delegate all or part of the board’s responsibility to such agent and authorize reasonable compensation for the services provided.(c) The board of directors shall deter- mine that the liquidating agent and all persons who handle or have access to funds of the Federal credit union are adequately covered by surety bond and that either such coverage remains in effect, or the discovery period is ex- tended, for at least four months after final distribution of assets.

Liquidating Agent means Lawrence Hirsh and any successors under

Liquidating Agent means the Person appointed by the Members to oversee the winding up and liquidation of the Company in accordance with Article VIII.

Liquidating Agent means the General Partner or an Affiliate of the General Partner, provided such Liquidating Agent agrees in writing to be bound by the terms of this Agreement. The Liquidating Agent shall be empowered to give and receive notices, reports and payments in connection with the dissolution, liquidation and/or winding-up of the Partnership and shall hold and exercise such other rights and powers as are necessary or required to permit all parties to deal with the Liquidating Agent in connection with the dissolution, liquidation and/or winding-up of the Partnership.

Liquidating Agent means the Person appointed by the Board to oversee the winding-up and liquidation of the Company in accordance with Article X.

Liquidating Agent means such Person as is selected as the Liquidating Agent hereunder by the General Partner, which Person may include the General Partner or an Affiliate of the General Partner, provided such Liquidating Agent agrees in writing to be bound by the terms of this Agreement. The Liquidating Agent shall be empowered to give and receive notices, reports and payments in connection with the dissolution, liquidation and/or winding-up of the Partnership and shall hold and exercise such other rights and powers as are necessary or required to permit all parties to deal with the Liquidating Agent in connection with the dissolution, liquidation and/or winding-up of the Partnership.