Winding-Up Procedures. Upon the dissolution of the Company, the Company shall (a) proceed to collect its assets; (b) convey and dispose of such of its properties as are not to be distributed in kind to the Sole Member; (c) pay, satisfy, and discharge its liabilities, or make adequate provision for payment and discharge of such liabilities; and (d) do all other acts required to liquidate its business and affairs.
Appears in 3 contracts
Sources: Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC)
Winding-Up Procedures. Upon the dissolution of the Company, the Company shall will (a) proceed to collect its assets; (b) convey and dispose of such of its properties as are not to be distributed in kind to the Sole Member; (c) pay, satisfy, and discharge its liabilities, or make adequate provision for payment and discharge of such liabilities; and (d) do all other acts required to liquidate its business and affairs.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (Consolidated Container Co LLC)
Winding-Up Procedures. Upon the dissolution of the Company, the Company shall will: (a) proceed to collect its assets; (b) convey apply and distribute its Property to discharge, or make adequate provision for the discharge of, all of the Company’s liabilities and obligations; (c) dispose of such of its properties as are not to be distributed in kind to the Sole Member; (c) pay, satisfy, and discharge its liabilities, or make adequate provision for payment and discharge of such liabilities; and (d) do all perform any other acts act required to liquidate wind up its business and affairs.
Appears in 2 contracts
Sources: Company Agreement (N.R. Hamm Contractor, LLC), Company Agreement (B&H Contracting, L.P.)
Winding-Up Procedures. Upon the dissolution of the Company, the Company shall shall
(a) proceed to collect its assets; (b) convey and dispose of such of its properties as are not to be distributed in kind to the Sole Member; (c) pay, satisfy, and discharge its liabilities, or make adequate provision for payment and discharge of such liabilities; and (d) do all other acts required to liquidate its business and affairs.
Appears in 1 contract