Distribution of Assets on Dissolution and Liquidation. Upon any dissolution and liquidation of the Venture, the assets of the Venture shall be liquidated in an orderly manner (subject, however, to the terms of Clause 16(c) hereof), with a view toward maximizing the proceeds from such liquidation, and the proceeds thereof shall be distributed in the following order of priority:
Appears in 4 contracts
Samples: Joint Venture Agreement, Joint Venture Agreement, Joint Venture Agreement
Distribution of Assets on Dissolution and Liquidation. Upon any dissolution and liquidation of the Venture, the assets of the Venture shall be liquidated in an orderly manner (subject, however, to the terms of Clause 16(c) hereof)manner, with a view toward maximizing the proceeds from such liquidation, and the proceeds thereof shall be distributed in the following order of priority:
Appears in 1 contract
