Common use of Distribution of Assets Upon Winding Up Clause in Contracts

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: (a) to creditors, including the Member should it be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the Member; and (b) the remainder, if any, to the Member.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: (a) to : a. To creditors, including the Member should it be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the Member; and (b) the and b. The remainder, if any, shall go to the MemberMembers in proportion to the number of Units owned by each.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: (a) to creditors, including the Member should it the Member be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the Member; and (b) the remainder, if any, to the Member.

Distribution of Assets Upon Winding Up. Upon the winding up The assets of the Company, the assets Company shall be distributed as follows: : (a) to creditors, in the order of priority as provided by law, including all Members who are creditors to the Member should it be a creditorextent otherwise permitted by law, in satisfaction of liabilities of the Company other than liabilities for which (whether by payment or the making of reasonable provision provisions for payment has been made and liabilities for distributions to the Memberthereof); and and (b) to Members and former Members in accordance with the remainder, if any, to the Memberpositive balances in their Capital Accounts.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: : (a) to To creditors, including the a Member should it be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the MemberMembers; and and (b) the The remainder, if any, shall go to the Members in proportion to the number of Units held by each Member.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: : (a) to To creditors, including the Member should it be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the Member; and and (b) the The remainder, if any, shall go to the Member or, if there is more than one Member, to the Members in proportion to the number of Units owned by each.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: (a) to creditors, including the Member, should the Member should it be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the Member; and (b) the remainder, if any, to the Member.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: : (a) to creditors, including the Member Members should it be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the MemberMembers; and (b) the remainder, if any, to the MemberMembers in proportion to the number of Class A Interests held by them.

Distribution of Assets Upon Winding Up. Upon the winding up of the Company, the assets shall be distributed as follows: (a) to creditors, including the Member should it the Member be a creditor, in satisfaction of liabilities of the Company other than liabilities for which reasonable provision for payment has been made and liabilities for distributions to the Member; and (b) the remainder, if any, to the MemberMember (or if the Member should transfer any of its Units or additional Units should be issued by the Company, then to the Members in accordance with their pro rata ownership of the Units).