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: 11.3.1 to creditors, including the Member if it is a creditor, to the extent permitted by law, in satisfaction of the Company’s liabilities; 11.3.2 to the Member with a distribution be in cash, and for Property that is other than cash, or a combination of cash and some other form of Property as defined in this Agreement, as determined by the Manager.
Appears in 6 contracts
Samples: Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD)
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Manager Member shall liquidate the Company Property if necessary or desirable, and shall cause the Company property Property to be distributed as followsdistributed:
11.3.1 11.3.1. to creditors, including the Member if it is a creditor, to the extent permitted by law, in satisfaction of the Company’s liabilitiesCompany Liabilities;
11.3.2 11.3.2. to the Member with a distribution Member. Such distributions shall be in cash, and for Property that is other than cash, or a combination of cash and some other form of Property as defined partly in this Agreementboth, as determined by the ManagerMember.
Appears in 2 contracts
Samples: Operating Agreement (Mesa Air New York, Inc.), Operating Agreement
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:
11.3.1 11.3.1. to creditors, including the Member if it is a creditor, to the extent permitted by law, in satisfaction of the Company’s liabilities;
11.3.2 to the Member with a distribution be in cash, and for Property that is other than cash, or a combination of cash and some other form of Property as defined in this Agreement, as determined by the Manager.
Appears in 2 contracts
Samples: Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD)
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Manager Managers shall liquidate the Company Property Company’s property, if necessary or desirable, and shall cause the Company Company’s property to be distributed as followsdistributed:
11.3.1 to creditors, including the Member if it is a creditor, to the extent permitted by law, in satisfaction of the Company’s liabilities;
11.3.2 to the Member with a distribution Member, such distributions to be in cash, and for Property that is other than cash, or a combination of cash and some other form of Property as defined partly in this Agreementboth, as determined by the ManagerManagers.
Appears in 1 contract
Distribution of Assets on Dissolution. Upon the winding up of the Company, the Member-Manager shall liquidate the Company Property if necessary or desirable, and shall cause the Company property Property to be distributed as followsdistributed:
11.3.1 to (a) To creditors, including the Member Member-Manager if it is a creditor, to the extent permitted by law, in satisfaction of the Company’s liabilities;
11.3.2 to (b) To the Member with a distribution Member-Manager. Such distributions shall be in cash, and for Property that is other than cash, or a combination of cash and some other form of Property as defined partly in this Agreementboth, as determined by the Member-Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Conversion Labs, Inc.)
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 Property to be distributed as follows:
11.3.1 11.3.1. to creditors, including the Member if it is a creditor, to the extent permitted by law, in satisfaction of the Company’s liabilities;
11.3.2 to the Member with a distribution be in cash, and for Property that is other than cash, or a combination of cash and some other form of Property as defined in this Agreement, as determined by the Manager.
Appears in 1 contract
