Liquidation and Dissolution. IV.5.1.Subject to Article VIII, if the Company is liquidated, the Board of Directors shall take full account of the Company assets and its liabilities and shall cause the Company assets or the proceeds from the sale thereof, to the extent sufficient therefor, to be applied and distributed, to the maximum extent permitted by law, in the following order:
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Liquidation and Dissolution. IV.5.1.Subject to Article VIII, if the Company is liquidated, the Board of Directors shall take full account of the Company assets and its liabilities and shall cause the Company assets or the proceeds from the sale thereof, to the extent sufficient therefor, to be applied and distributed, to the maximum extent permitted by law, in the following order:
Appears in 1 contract
Samples: Operating Agreement
