Common use of Winding Up and Certificate of Cancellation Clause in Contracts

Winding Up and Certificate of Cancellation. The winding up of the ------------------------------------------ Company shall be completed when all debts, liabilities, and obligations of the Company have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining property and assets of the Company have been distributed to the Members. Upon the completion of winding up of the Company, a certificate of cancellation shall be delivered to the Secretary of the State of Delaware for filing. The certificate of cancellation shall set forth the information required by the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cell Therapeutics Inc)

Winding Up and Certificate of Cancellation. The winding up of the ------------------------------------------ Company shall be completed when all debts, liabilities, and obligations of the Company have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining property and assets of the Company have been distributed to the Members. Upon the completion of winding up of the Company, a certificate Certificate of cancellation Cancellation shall be delivered to the Secretary of the State of Delaware New Jersey for filing. The certificate Certificate of cancellation Cancellation shall set forth the information required by the Act.

Appears in 1 contract

Sources: Operating Agreement (Cybershop International Inc)