Distributions and Other Matters. Promptly upon the dissolution of the Company, the Liquidator shall (i) Purge all Member Data that remains under the Company’s possession or control, (ii) liquidate any non-cash assets of the Company (for avoidance of doubt, Member Data shall not be liquidated), and (iii) apply and distribute any cash and any proceeds of liquidation, to the extent available, in the following order of priority:
Distributions and Other Matters. The Company shall not terminate until its affairs have been wound up and its assets distributed as provided herein. Promptly upon the dissolution of the Company, the Manager shall cause to be executed and filed a Notice of Winding Up with the Arizona Corporation Commission in accordance with Section 29-781 of the Act, and will liquidate the assets of the Company and apply and distribute the proceeds of such liquidation, or distribute the Company’s assets in kind, as follows and in the following order:
Distributions and Other Matters. Promptly upon the dissolution of the Partnership, if the Partnership's business is not continued pursuant to Section 10.01. hereof, the Partners (or their legal representatives, heirs, successors, or assigns) will cause the cancellation of the Certificate, and the Liquidating Partner will liquidate the assets of the Partnership and apply and distribute the proceeds of such liquidation in the following order of priority to the extent available:
Distributions and Other Matters. Promptly upon the dissolution of the Company, if the Company's business is not continued pursuant to Section VIl hereof, and in any event subject to the rights of any Member under Section VII hereof, the Manager will cause the assets of the Company to be liquidated. After proper adjustment to the Capital Accounts pursuant to Section III (giving effect to all contributions, distributions, and allocations for all taxable years, including the taxable year during which such liquidation occurs), the proceeds of the liquidation of the Company shall be applied and distributed in the following order: (i) to the discharge of all of the Company's debts and liabilities (whether by payment or the making of reasonable provision for payment thereto, other than those to any of the Members, including expenses of liquidation, (ii) to the setting up of any reserves which the liquidator may deem reasonably necessary for any contingent liabilities or obligations of the Company, (iii) to the payment and discharge of any debts and liabilities of the Company to any of the Members, and (iv) to the Members to the extent of their positive Capital Accounts.
Distributions and Other Matters. Promptly upon the dissolution of the Company, if the Company's business is not continued pursuant to Section 8.1. hereof, and in any event subject to the rights of any Member under Section 7.6. hereof, the Management Committee will cause the assets of the Company to be liquidated. After proper adjustment to the Capital Accounts pursuant to Section 3.1. (giving effect to all contributions, distributions, and allocations for all taxable years, including the taxable year during which such liquidation occurs), the proceeds of the liquidation of the Company shall be applied and distributed in the following order: (i) to the discharge of all of the Company's
Distributions and Other Matters. Upon the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its affairs in an orderly manner, liquidating its assets, and satisfying the claims of its creditors, but its separate existence shall continue until a certificate of termination has been issued by the Arizona Corporation Commission or until a decree dissolving the Company has been entered by a court of competent jurisdiction. Promptly upon the dissolution of the Company, the Manager shall cause to be executed and filed the required notices and other documents in accordance with the Act, and will liquidate the assets of the Company and apply and distribute the proceeds of such liquidation, or distribute the Company’s assets in kind, as follows and in the following order:
Distributions and Other Matters. 18 Section 8.4 Distributions of Property............................................................19 Section 8.5 Action During Liquidation: Statements of Account.....................................19
Distributions and Other Matters. Promptly upon an Event of Dissolution, if the Partnership's business is not continued pursuant to Section 10.1(a) hereof, the Liquidating Partner will liquidate the assets of the Partnership and apply and distribute the proceeds of such liquidation as follows and in the following order of priority:
Distributions and Other Matters. The Attorney hereby authorizes each Grantor to manage and collect the dividends, cash, options, warrants, rights, instruments, distributions, returns of capital or principal, income, interest, profits and other property (debt or equity), proceeds, fruits and revenues (the "Distributions") from the Securities comprising the Collateral, save and except as otherwise provided for under the terms hereof or of the other Credit Documents. Such authorization may nevertheless be withdrawn upon the occurrence of an Event of Default which is continuing, whereupon the Attorney shall be free to collect such Distributions and apply such sums (net of all collection costs) in such manner as the Attorney shall deem appropriate, subject to the terms of the Credit Agreement, without any interference or consent on the part of any Grantor and without being bound (to the fullest extent permitted by law) by the rules respecting the administration of the property of others. Section 5.3
Distributions and Other Matters. Promptly upon the dissolution of the Company, the Member will cause the winding up of the affairs of the Company in accordance with the Act, and will liquidate the assets of the Company and apply and distribute the proceeds of such liquidation, or distribute the Company’s assets in kind, as follows and in the following order:
