Common use of Dissolution of the Fund Clause in Contracts

Dissolution of the Fund. The affairs of the Fund shall be wound up by the person or persons previously designated by the Managing Member (which may be the Managing Member). Such person or persons shall take all steps necessary or appropriate to wind up the affairs of the Fund as promptly as practicable thereafter. Such person or persons are referred to herein as the “Liquidator.”

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ironwood Institutional Multi-Strategy Fund LLC)