RESPONSIBILITIES OF MANAGER FOR WINDING UP. The Manager shall be responsible for overseeing the winding up and liquidation of the Company, shall take full account of the liabilities of the Company and assets, shall cause its assets to be liquidated as promptly as is consistent with obtaining the fair market value thereof, and shall cause the proceeds therefrom, to the extent sufficient therefor, to be applied and distributed as next provided.
Appears in 2 contracts
Sources: Operating Agreement (RedCo Group, Inc.), Operating Agreement (Molina Healthcare Inc)