Satisfaction of Debts. In connection with the winding-up of ACQUISITION, the Board shall take all appropriate measures: a. To comply with applicable federal and state tax laws and other laws relating to entity dissolutions; and b. To bar known and unknown claims against ACQUISITION to the extent possible under the laws of the State of Delaware.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Hughes Water & Sewer, LTD), Limited Liability Company Agreement (Hughes MRO, Ltd.)
Satisfaction of Debts. In connection with the winding-up of ACQUISITIONFUNDING, the Board shall take all appropriate measures:.
a. To comply with applicable federal and state tax laws and other laws relating to entity dissolutions; and
b. To bar known and unknown claims against ACQUISITION FUNDING to the extent possible under the laws of the State of Delaware.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Hughes MRO, Ltd.)