Time for Winding-Up. A reasonable time, up to three years, shall be allowed for the orderly liquidation of assets of the Company and the discharge of liabilities to creditors so as to enable the Managing Member to minimize the normal losses attendant upon a liquidation.
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Time for Winding-Up. A reasonable time, up to three years, shall be allowed for the orderly liquidation of assets of the Company Partnership and the discharge of liabilities to creditors so as to enable the Managing Member General Partner(s) or the liquidating trustee, as the case may be, to minimize the normal losses attendant upon a liquidation.
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Sources: Agreement of Limited Partnership (WTNH Broadcasting Inc)