Distribution of Proceeds. Subject to any contrary requirements of the Act, upon final liquidation of the Company but not later than the Distribution Date, the net proceeds of liquidation remaining following the settling of accounts in accordance with Section 9.5 hereof shall be distributed to the Member. In the event the Company has more than one Member, then such distribution shall be made to the Members in proportion to their relative Percentage Interests.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Clearwater Fiber, LLC), Limited Liability Company Agreement (Clearwater Fiber, LLC), Limited Liability Company Agreement (Potlatch Minnesota Timberlands, LLC)
Distribution of Proceeds. Subject to any contrary requirements of restrictions contained in the Act, upon final liquidation of the Company but not later than the Distribution Date, Date the net proceeds of liquidation remaining following the settling of accounts in accordance with Section 9.5 hereof shall be distributed to the Member. In the event the Company has more than one Member, then such distribution shall be made to the Members in proportion to their relative Percentage Interestsaccordance with Section 8.1.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Colt Defense Technical Services LLC), Limited Liability Company Agreement (Colt Finance Corp.), Limited Liability Company Agreement (Colt Defense LLC)
Distribution of Proceeds. Subject to any contrary requirements of restrictions contained in the Act, upon final liquidation of the Company but not later than the Distribution Date, the net proceeds of liquidation remaining following the settling of accounts in accordance with Section 9.5 hereof shall be distributed to the Member. In the event the Company has more than one Member, then such distribution shall be made to the Members in proportion to their relative Percentage Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Colt Defense Technical Services LLC)
Distribution of Proceeds. Subject to any contrary requirements of restrictions contained in the Act, upon final liquidation of the Company but not later than the Distribution Date, Date the net proceeds of liquidation remaining following the settling of accounts in accordance with Section 9.5 hereof shall be distributed to the Member. In the event the Company has more than one Member, then such distribution shall be made to the Members in proportion to their relative Percentage Interestsaccordance with the respective priorities of the Units held by them as set forth in Article IV.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Colt Finance Corp.)
Distribution of Proceeds. Subject to any contrary requirements section 18-804 of the Act, upon final liquidation of the Company but not later than the Distribution Date, the net proceeds of liquidation remaining following the settling of accounts in accordance with Section 9.5 10.6 hereof shall be distributed to the Member. In the event the Company has more than one Member, then such distribution shall be made to the Members in proportion to of their relative respective Percentage Interests.
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