Distribution of Assets Upon Dissolution. In settling the accounts of the Company after its dissolution, the assets of the Company shall be applied and distributed in the following order of priority:
Appears in 4 contracts
Samples: Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC), Operating Agreement (Ys Re Raf I LLC)
Distribution of Assets Upon Dissolution. In settling the accounts of the Company after its dissolution, the assets of the Company shall will be applied and distributed in the following order of priority:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (Consolidated Container Co LLC)
Distribution of Assets Upon Dissolution. In settling the accounts of the Company after its dissolution, the assets of the Company shall be applied and distributed in the following order of priority:
Appears in 2 contracts
Samples: Operating Agreement (Pacific Ethanol, Inc.), Operating Agreement (US BioEnergy CORP)
Distribution of Assets Upon Dissolution. In settling the accounts of the Company after its dissolution, the assets of the Company shall will be applied and distributed in the following order of priority:: (a) first, to the extent permitted by law, and in accordance with the priorities, if any, established by applicable law, to creditors in satisfaction of liabilities of the Company, including liabilities of the Company to its Member as a creditor (other than for distributions and Capital Contributions), whether by payment or establishment of reserves; (b) second, to its Member.
Appears in 1 contract
Distribution of Assets Upon Dissolution. In settling the accounts of the Company after its dissolution, the assets of the Company shall will be applied and distributed in the following order manner and the priority set forth in section 11.053 of priority:the TBOC.
Appears in 1 contract
Distribution of Assets Upon Dissolution. In settling the accounts of the Company after its upon dissolution, the assets of the Company shall be applied and distributed in the following order of manner and priority:
Appears in 1 contract
Samples: Amended and Restated Operating Agreement (Gin & Luck Inc.)
