Common use of Distributions and Other Matters Clause in Contracts

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:

Appears in 3 contracts

Samples: Operating Agreement (Maracay Homes, L.L.C.), Operating Agreement (Maracay Homes, L.L.C.), Operating Agreement (Maracay Homes, L.L.C.)

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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 Members 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 's assets in kind, as follows and in the following order:

Appears in 1 contract

Samples: Operating Agreement

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 's assets in kind, as follows and in the following order:

Appears in 1 contract

Samples: Operating Agreement (Ilx Resorts Inc)

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 tiled 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:

Appears in 1 contract

Samples: Operating Agreement (Maracay Homes, L.L.C.)

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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 Board shall cause a Notice of Winding Up 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 the Board shall liquidate the assets of the Company and apply and distribute the proceeds of such liquidation, or distribute the Company’s 's assets in kind, as follows and in the following order:

Appears in 1 contract

Samples: Operating Agreement (Zoom Technologies Inc)

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