Common use of Distribution of Assets on Dissolution Clause in Contracts

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets shall be distributed: (a) to creditors, including Members who are creditors to the extent required by law, in satisfaction of Company liabilities; and (b) to Members in accordance with Section 4.4. Such Distributions shall be in cash or property (which shall be distributed proportionately) or partly in both, as determined in good faith by the Manager.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) 9.3.1. First, to creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; andLiabilities; (b) 9.3.2. Second, to Members in accordance with Section 4.4the Member. Such Distributions distributions to the Member shall be in cash or property (which shall be distributed proportionately) cash, Property other than cash, or partly in both, as determined in good faith by the Manager.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s 's assets shall be distributeddistributed as follows: (a) to creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and (b) to Members in accordance with Section 4.4the Member. Such Distributions distributions shall be in cash or cash, property (which shall be distributed proportionately) other than cash, or partly in both, as determined in good faith by the ManagerMember.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company property shall be distributed: (a) first, to creditors, including Members who are creditors the Member if the Member is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and; (b) next, to Members in accordance with Section 4.4the Member. Such Distributions distribution shall be in cash or property (which shall be distributed proportionately) or partly in both, as determined in good faith by the ManagerGovernors.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company property shall be distributed: (a) first, to creditors, including the Members who if any Members are creditors creditors, to the extent required permitted by law, in satisfaction of Company liabilities; and; (b) next, to Members in accordance with Section 4.4the Members. Such Distributions distribution shall be in cash or property (which shall be distributed proportionately) or partly in both, as determined in good faith by the ManagerGovernors.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) to To creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilitiesthe Company’s liabilities (whether by payment or the making of reasonable provision for payment thereof); (b) To the setting up of any reserves that are reasonably necessary for any contingent or unforeseen liabilities or obligations of the Company; and (bc) to Members in accordance with Section 4.4. Such Distributions shall be To the Member in cash or property (which shall be distributed proportionately) Property, or partly in both, as determined in good faith by the Managerany combination thereof.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets shall be distributed: (a) to creditors, including Members who are creditors to the extent required by law, in satisfaction of Company liabilities; and (b) to Members in accordance with Section 4.4. Such Distributions shall be in cash or property (which shall be distributed proportionately) or partly in both, as determined in good faith by the ManagerBoard of Managers.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) to To creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilitiesthe Company’s liabilities (whether by payment or the making of reasonable provision for payment thereof), including to the setting up of any reserves that are reasonably necessary for any contingent, conditional or unmatured liabilities or obligations of the Company; and (b) to Members in accordance with Section 4.4. Such Distributions shall be To the Member in cash or property (which shall be distributed proportionately) Property, or partly in both, as determined in good faith by the Managerany combination thereof.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets shall be distributed: : (ai) to creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and the liabilities of the Company, then (bii) to Members in accordance with Section 4.4the Member. Such Distributions Those distributions shall be in cash or cash, property (which shall be distributed proportionately) other than cash, or partly in both, as determined in good faith by the ManagerMember.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) 3.1 first to creditors, including Members who are creditors the Sole Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and (b) 3.2 second to Members in accordance with Section 4.4the Sole Member. Such Distributions distributions shall be in cash or property (which shall be distributed proportionately) in real or personal property, or partly in botheach, as determined in good faith by the ManagerSole Member.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) 11.3.1 First, to creditors, including Members who are creditors creditors, to the extent required permitted by law, in satisfaction of Company liabilities; and (b) Liabilities and for all reasonable costs of the sale of the Building, including but not limited to Members in accordance with Section 4.4. Such Distributions shall be in cash or property (which shall be distributed proportionately) or partly in bothescrow fees, as determined in good faith by the Manager.title expenses and normal closing costs;

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) 11.3.1. to creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and (b) to Members in accordance with Section 4.4. Such Distributions shall be in cash or property (which shall be distributed proportionately) or partly in both, as determined in good faith by the Manager.Liabilities;

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributeddistributed in the following manner: (a) to a. To creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; andthe Company’s liabilities (whether by payment or the making of reasonable provision for payment thereof); (b) to Members in accordance with Section 4.4. Such Distributions shall be b. To the Member in cash or property (which shall be distributed proportionately) Property, or partly in both, as determined in good faith by the Manager, in accordance with positive capital account balances.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) to To creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; andthe Company’s liabilities (whether by payment or the making of reasonable provision for payment thereof); (b) to Members in accordance with Section 4.4. Such Distributions shall be in cash To the setting up of any reserves that are reasonably necessary for any contingent or property (which shall be distributed proportionately) unforeseen liabilities or partly in both, as determined in good faith by obligations of the Manager.Company; and

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets of the Company shall be distributed: (a) to creditors, including Members who are creditors creditors, to the extent required permitted by law, in satisfaction of Company the Company’s liabilities; and; (b) to Members in accordance with Section 4.4. Such Distributions shall be positive Capital Account balances taking into account all Capital Account adjustments for the Company’s taxable year in cash or property (which shall be distributed proportionately) or partly in both, as determined in good faith by the Manager.liquidation

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) to To creditors, including Members who are creditors any Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and; (b) to Members in accordance with Section 4.4. Such Distributions shall To all the Members, considering that such distribution may be in cash or property (which shall be distributed proportionately) Property or partly in both, as determined in good faith by the ManagerMembers.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) 11.3.1. to creditors, including Members who are creditors the Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; andLiabilities; (b) 11.3.2. to Members in accordance with Section 4.4the Member. Such Distributions distributions shall be in cash or property (which shall be distributed proportionately) cash. Property other than cash, or partly in both, as determined in good faith by the ManagerManagers, or any of them.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (a) to To creditors, including Members who are creditors any Member if it is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and; (b) to Members in accordance with Section 4.4. Such Distributions shall To all the Members, considering that such distribution may be in cash or property (which shall be distributed proportionately) Property or partly in both, as determined in good faith by the Managerpro rata interest of each of the Members.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets shall be distributed: distributed as follows: (ai) first to creditors, including Members any Member who are creditors is a creditor, to the extent required permitted by law, in satisfaction of Company liabilities; and the liabilities of the Company, and (bii) finally to Members in accordance with Section 4.4the Member. Such Distributions distributions shall be in cash or cash, property (which shall be distributed proportionately) other than cash, or partly in both, as determined in good faith by the ManagerBoard.

Distribution of Assets on Dissolution. Upon the winding up of the Company, the Company’s assets Company Property shall be distributed: (ai) to To creditors, including Members who are creditors creditors, to the extent required permitted by law, in satisfaction of Company liabilities; and (bii) to To Members in accordance with Section 4.4positive Capital Account balances taking into account all Capital Account adjustments for the Company’s Taxable Year in which the liquidation occurs. Such Distributions distributions shall be in cash or property Property (which shall need not be distributed proportionately) or partly in both, as determined in good faith by the ManagerManaging Member.