Distribution of Proceeds of Liquidation Sample Clauses

Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows:
Sample 1Sample 2Sample 3See All (14)
AutoNDA by SimpleDocs
Distribution of Proceeds of Liquidation. The General Partner (or investment adviser or committee authorized by subsection 12.2(a)) shall distribute the net proceeds from liquidation of the Partnership in the following order:
Sample 1Sample 2Sample 3
Distribution of Proceeds of Liquidation. Regardless of the capital and undistributed earnings accounts of the Partners or their shares of profits and losses or their respective rights to receive distributions, the proceeds from liquidation shall be applied and distributed in the following order of priority:
Sample 1Sample 2
Distribution of Proceeds of Liquidation. The proceeds of liquidation of the Assets of the Company distributable upon a dissolution and winding up of the Company shall be applied in the following order of priority:
Sample 1
Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows: (a) first, to pay the expenses of liquidation and the debts and liabilities of the Limited Partnership to its creditors, including both secured and unsecured creditors, or to make due provision for payment thereof; (b) second, to provide for such reserves as the receiver considers reasonably necessary for any contingent or unforeseen liability or obligation of the Limited Partnership, which may be set aside or paid to an escrow agent to be held for payment of liabilities or obligations of the Limited Partnership; (c) third, to pay to the General Partner the amount of any costs and expenses that the General Partner is entitled to receive from the Limited Partnership; (d) fourth, to pay to the General Partner a five percent (5%) cumulative, but not compounded, rate of return on the amount of One Hundred Dollars ($100.00) Contributed by the General Partner pursuant to Section 3.2(a), minus any amounts previously paid to the General Partner under Section 4.1(a)(vii);
Sample 1
Distribution of Proceeds of Liquidation. The net cash proceeds --------------------------------------- resulting from the dissolution of the Company shall be distributed and applied in the manner and order of priority set forth in Article 12.
Sample 1
Distribution of Proceeds of Liquidation. The net proceeds from (a) any transaction resulting in the termination and liquidation of the Company, and (b) the liquidation of any remaining assets, shall be applied and distributed in the following order of priority:
Sample 1
AutoNDA by SimpleDocs
Distribution of Proceeds of Liquidation. The proceeds of sale and all other assets of the Company, after all distributions for the then current
Sample 1
Distribution of Proceeds of Liquidation 
Sample 1

Related to Distribution of Proceeds of Liquidation

  • Collection of Proceeds 3.1 Debtor agrees to collect and enforce payment of all Collateral until Bank shall direct Debtor to the contrary. Immediately upon notice to Debtor by Bank and at all times after that, Debtor agrees to fully and promptly cooperate and assist Bank in the collection and enforcement of all Collateral and to hold in trust for Bank all payments received in connection with Collateral and from the sale, lease or other disposition of any Collateral, all rights by way of suretyship or guaranty and all rights in the nature of a lien or security interest which Debtor now or later has regarding Collateral. Immediately upon and after such notice, Debtor agrees to (a) endorse to Bank and immediately deliver to Bank all payments received on Collateral or from the sale, lease or other disposition of any Collateral or arising from any other rights or interests of Debtor in the Collateral, in the form received by Debtor without commingling with any other funds, and (b) immediately deliver to Bank all property in Debtor's possession or later coming into Debtor's possession through enforcement of Debtor's rights or interests in the Collateral. Debtor irrevocably authorizes Bank or any Bank employee or agent to endorse the name of Debtor upon any checks or other items which are received in payment for any Collateral, and to do any and all things necessary in order to reduce these items to money. Bank shall have no duty as to the collection or protection of Collateral or the proceeds of it, nor as to the preservation of any related rights, beyond the use of reasonable care in the custody and preservation of Collateral in the possession of Bank. Debtor agrees to take all steps necessary to preserve rights against prior parties with respect to the Collateral. Nothing in this Section 3.1 shall be deemed a consent by Bank to any sale, lease or other disposition of any Collateral.

  • Allocation of Proceeds If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!