4Distributions upon Dissolution Sample Clauses

4Distributions upon Dissolution. Upon dissolution, the liquidation proceeds shall be distributed in the following order: (a) First, to the payment of debts to outside creditors, including Members and Economic Interest holders who are creditors, to the extent permitted by law, in satisfaction of liabilities (other than liabilities for distributions to Members or Economic Interest holders under Sections ▇▇-▇▇-▇▇▇ or ▇▇-▇▇-▇▇▇ of the Mississippi Code of 1972, as amended) of the Company and for the payment of dissolution expenses. (b) Second, to establish reserves to pay any contingent or unknown costs that may arise after dissolution. (c) Third, to Members or Economic Interest holders to the extent they are creditors of the Company in satisfaction of liabilities for distributions under Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ of the Mississippi Code of 1972, as amended. (d) Fourth, to Members and Economic Interest holders to the extent of the credit balances in their respective capital accounts. (e) Fifth, to Members and Economic Interest holders pro rata in accordance with their Membership and Economic Interests.