Liquidation and Distribution of Assets. Upon dissolution of the Company, the Manager shall proceed to sell or liquidate the assets (to the extent feasible) within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company’s cash and other assets among the Members in accordance with Section 4.2.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Hale Capital Partners, LP), Limited Liability Company Agreement (Hale Capital Partners, LP), Limited Liability Company Agreement (Hale Capital Partners, LP)
Liquidation and Distribution of Assets. Upon dissolution of the Company, the Manager shall proceed to sell or liquidate the Company’s assets (to the extent feasible) within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company’s cash and other assets among the Members in accordance with the provisions of Section 4.27.2 of this Agreement.
Appears in 2 contracts
Samples: Operating Agreement, Membership Interest Subscription Agreement
Liquidation and Distribution of Assets. Upon dissolution of the Company, the Manager Member shall proceed to sell or liquidate the assets (to of the extent feasible) Company within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company’s 's cash and other assets among to the Members in accordance with Section 4.2Member.
Appears in 2 contracts
Samples: Operating Agreement (Carrols LLC), Operating Agreement (Carrols Restaurant Group, Inc.)
Liquidation and Distribution of Assets. Upon dissolution of -------------------------------------- the Company, the Manager Member shall proceed to sell or liquidate the assets (to the extent feasible) within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company’s 's cash and other assets among to the Members in accordance with Section 4.2Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Gem Nevada LLC)
Liquidation and Distribution of Assets. Upon dissolution of the Company, the Manager Members shall proceed to sell or liquidate the assets (to of the extent feasible) Company within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company’s cash and other assets among to the Members in accordance with Section 4.2proportion to their capital contributions.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Greektown Holdco LLC)
