Winding Up and Termination. On the occurrence of a Dissolution Event, the Members shall act as, or alternatively appoint, a liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. The steps to be accomplished by the liquidator are as follows:
Appears in 5 contracts
Sources: Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement
Winding Up and Termination. On the occurrence of a Dissolution Event, the Class A Members shall act as, as liquidator or alternatively appoint, select a Person to act as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidator are as follows:
Appears in 2 contracts
Sources: Contribution Agreement (Southcross Energy Partners, L.P.), Contribution Agreement (American Midstream Partners, LP)
Winding Up and Termination. On the occurrence of a Dissolution Event, the Members shall act as, or alternatively appoint, a as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding up shall be borne as a Company expense. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Sources: Limited Liability Company Agreement (Magellan Midstream Partners Lp)
Winding Up and Termination. On the occurrence of a Dissolution Event, the Members shall act asManager shall, or alternatively appointshall designate another Person to, a serve as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding winding-up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (Nextera Energy Partners, Lp)
Winding Up and Termination. On the occurrence of a Dissolution Event, the Members shall act asManaging Member shall, or alternatively appointshall designate another Person to, a serve as liquidator. The liquidator shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of winding winding-up shall be borne as a Company expense. Until final distribution, the liquidator shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidator are as follows:
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)