Common use of Distribution of Assets on Dissolution Clause in Contracts

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. .

Distribution of Assets on Dissolution. The Managing Shareholder Shareholders appointed by the Managing Director will apply the assets of the investment company in the following order: To all debts and liabilities of the investment company in accordance with the law, including the expenses of dissolution and liquidation, but excluding any debts to a Shareholder; To 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 investment company, subject to the provisions of Of this Agreement; To repayment of the purchase price of the shares of the investment company actually paid by each Shareholder; and, finally, To the Shareholders in proportion to the number of shares of the investment company held by each. .

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. .