Distribution in Liquidation. (a) The Liquidator shall, as soon as practicable following an event giving rise to the dissolution, winding up and termination of the Company, wind up the affairs of the Company and sell and/or distribute the assets of the Company. The assets of the Company shall be applied in the following order of priority:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (FG Financial Group, Inc.), Limited Liability Company Agreement (1347 Property Insurance Holdings, Inc.)
Distribution in Liquidation. (a) The Liquidator shall, as soon as practicable following an event giving rise to the dissolution, winding up and termination of the Company, wind up the affairs of the Company and sell and/or distribute the assets of the Company; provided, however, under no circumstances shall any sale of assets and distribution of proceeds pursuant to liquidation take place more than 90 days after an Event of Withdrawal. The assets of the Company shall be applied in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Luminus Management LLC)
Distribution in Liquidation. (a) The Liquidator shall, as soon as practicable following an event giving rise to the dissolution, winding up and termination of the Companypracticable, wind up the affairs of the Company and sell and/or distribute the assets of the Company. The assets of the Company shall be applied in the following order of priority:
Appears in 1 contract
Samples: Operating Agreement
