Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company Property shall be distributed:
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Manager shall liquidate the Company Property if necessary or desirable, and shall cause the Company property to be distributed as follows:
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Managing Member shall take full account of the assets and liabilities of the Company, shall liquidate the assets (unless the Managing Member determines that a distribution of any of the Company's Property in-kind would be more advantageous to the Member than the sale thereof) as promptly as is consistent with obtaining the fair value thereof, and shall apply and distribute the proceeds therefrom in the following order:
Distribution of Assets on Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid, reserved or distributed in the following order:
Distribution of Assets on Dissolution. Upon dissolution and winding up of the Company for any reason, its assets shall be applied to pay or satisfy:
Distribution of Assets on Dissolution. 21 4. Winding Up and Certificate of Dissolution............................................................ 21 5.
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company's Property shall be distributed: first, to creditors, including the Member if then a creditor, to the extent permitted by law, in satisfaction of the Company's indebtedness and other liabilities; and second, to the Member. Liquidation proceeds shall be paid within 180 days of the end of the Company's taxable year or, if later, within 180 days after the date of liquidation.
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company Property shall be distributed as follows:
Distribution of Assets on Dissolution. 18 12.4 WINDING UP AND FILING ARTICLES OF DISSOLUTION..................................................19
Distribution of Assets on Dissolution. The Managing Shareholder Shareholders appointed by the Managing Director will apply the assets of the in the following order: To all debts and liabilities of the in accordance with the law, including the expenses of dissolution and liquidation, but excluding any debts to a Shareholder; To all senior debts to a Shareholder in accordance with the terms of any subordination agreement; To the accrued and unpaid interest on unsubordinated debts to a Shareholder; To the principal of unsubordinated debts to a Shareholder; To undistributed net profits of the , subject to the provisions of this Agreement; To repayment of the purchase price of the shares of the actually paid by each Shareholder; and, finally, To the Shareholders in proportion to the number of shares of the held by each. .
