Common use of Reasonable Time for Winding Up Clause in Contracts

Reasonable Time for Winding Up. In connection with the dissolution of the Company, a reasonable time shall be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to this Article 15 in order to minimize any losses otherwise attendant upon such winding up.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Hasbro Inc), Limited Liability Company Agreement (Hasbro Inc), Limited Liability Company Agreement (Hasbro Inc)