Common use of Insufficient Assets Clause in Contracts

Insufficient Assets. The claims of each priority group specified above shall be satisfied in full before satisfying any claims of a lower priority group. If the assets available for disposition are insufficient to dispose of all of the claims of a priority group, the available assets shall be distributed in proportion to the amounts owed to each creditor or the respective Interest of each Member in such group.

Appears in 2 contracts

Samples: Operating Agreement (Whole Foods Market California, Inc.), Operating Agreement (Whole Foods Market California, Inc.)

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Insufficient Assets. The claims of each priority group specified above shall be satisfied in full before satisfying any claims of a lower priority group. If the assets available for disposition are insufficient to dispose of all of the claims of a priority group, the available assets shall be distributed in proportion to the amounts owed to each creditor or the respective Interest Capital Account balances or Interests of each Member Partner in such group.

Appears in 1 contract

Samples: Omega Health Systems Inc

Insufficient Assets. The claims of each priority group specified above shall be satisfied in full before satisfying any claims of a lower priority group. If the assets available for disposition are insufficient sufficient to dispose of all of the claims of a priority group, the available assets shall be distributed in proportion to the amounts owed to each creditor or the respective Interest capital account balances or Interests of each Member in such group.. ARTICLE THIRTEEN

Appears in 1 contract

Samples: Limited Liability Company Agreement (Directv)

Insufficient Assets. The claims of each priority group specified above shall be satisfied in full before satisfying any claims of a lower priority group. If the assets available for disposition are insufficient sufficient to dispose of all of the claims of a priority group, the available assets shall be distributed in proportion to the amounts owed to each creditor or the respective Interest capital account balance or Interests of each Member in such priority group.. ARTICLE THIRTEEN

Appears in 1 contract

Samples: Time Warner LLC

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Insufficient Assets. The claims of each priority group specified above shall be satisfied in full before satisfying any claims of a lower priority group. If the assets available for disposition are insufficient to dispose of all of the claims of a priority group, the available assets shall be distributed in proportion to the amounts owed to each creditor or the respective Interest Capital Account balances or Units of each Member Partner in such group.. III to I Maritime Partners Cayman I, L.P. Second Amended and Restated Agreement of Limited Partnership

Appears in 1 contract

Samples: Original Agreement (Iii to I Maritime Partners Cayman I Lp)

Insufficient Assets. The claims of each priority group specified above shall be satisfied in full before satisfying any claims of a lower priority group. If the assets available for disposition are insufficient to dispose of all of the claims of a priority group, the available assets shall be distributed in proportion to the amounts owed to each creditor or the respective Interest Capital Account balances or Interests of each Member in such group.

Appears in 1 contract

Samples: Operating Agreement (Ryland Group Inc)

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