DISTRIBUTIONS AFTER DISSOLUTION. Upon dissolution, the Company must pay its debts before distributing cash, assets, or capital to the Member or the Member’s interests. The Member agrees that any distributions occurring after the dissolution of the Company will follow the process outlined in this Agreement and Section 00-00-000 of the Act.
DISTRIBUTIONS AFTER DISSOLUTION. In the event of the dissolution of the Company, all receipts received after such dissolution shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 17.3.
DISTRIBUTIONS AFTER DISSOLUTION. In the event of the dissolution of the Company, all assets of the Company shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 17.3.
DISTRIBUTIONS AFTER DISSOLUTION. Notwithstanding the provisions of SECTION 3.1 to the contrary, all distributions of Net Cash Flow to be made from and after the dissolution of the Partnership shall be made in accordance with the provisions of ARTICLE 10.
DISTRIBUTIONS AFTER DISSOLUTION. Upon dissolution, the DAO must pay its debts before distributing cash, assets, or capital to the Members. The Members agree that any distributions occurring after the dissolution of the DAO shall follow the process outlined in this Agreement and Section 00-00-000 of the Act.
DISTRIBUTIONS AFTER DISSOLUTION. 10 3.3 Timing of Distributions Among Partners . . . . . . . . . . . . . . . . . 10
DISTRIBUTIONS AFTER DISSOLUTION. Upon dissolution, the Company must pay its
DISTRIBUTIONS AFTER DISSOLUTION. Upon the dissolution of the Company, except to the extent that the Members unanimously agree to accept distributions in kind of non-cash Company Assets, such Company Assets shall be converted to cash or its equivalent and the Company’s affairs shall be wound up with reasonable speed but with a view towards obtaining fair value for Company Assets which are to be sold. Thereafter, the Company Assets remaining after payment of all liabilities of the Company (including, but not limited to, any amounts owed to the Members with respect to loans made pursuant to Section 3.2 above), and the establishment of such cash reserves for any contingent liabilities, or liabilities not liquidated as to amount, as are deemed reasonably necessary or appropriate by the Manager or other Person liquidating the Company (provided that the balance of such reserves is distributed to the Members as soon as practicable and pro rata in accordance with the Members’ respective positive Capital Account balances) and after all adjustments to the Members’ Capital Accounts have been made, shall be distributed by the end of the Fiscal Year during which the liquidation of the Company occurs (or if later, within ninety (90) days after the date of such liquidation), to the Members in the order of priority and to the extent specified as follows:
(a) The balances outstanding on the date of dissolution of the Company in the TI/LC Account shall be held in escrow and distributed to XXXX in accordance with and at the times provided in the Agreement.
(b) All other cash available for distribution shall be distributed as follows:
(i) First to XXXX, on account of unpaid Preferred Return due to it for the current and all prior Fiscal Years, an amount equal to such unpaid Preferred Return;
(ii) Next, to XXXX until the Unreturned Capital Contribution of XXXX is returned in full;
(iii) Next, to BOP, on account of unpaid Preferred Return due to it for he current and all prior fiscal years, an amount equal to such unpaid Preferred Return;
(iv) Next, to BOP until the Unreturned Capital Contribution of BOP is returned in full; and
(v) The balance, if any, to the Members in proportion to Capital Accounts.
