Liquidation and Termination. On dissolution of the Company, the Managing Member shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The proceeds of the liquidation shall be applied and distributed in the following order:
Appears in 20 contracts
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)
Liquidation and Termination. On dissolution of the Company, the Managing Member Board of Managers shall proceed diligently to wind up the affairs of the Company and make any final distributions distribution as provided herein in this Operating Agreement and in the Act. The proceeds costs of the liquidation shall be applied borne as a Company expense. Liquidation proceeds, if any, shall first be used to pay the Company’s obligations and distributed in the following order:liabilities.
Appears in 20 contracts
Samples: Operating Agreement, Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement
Liquidation and Termination. On dissolution of the Company, the Managing Member shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the LLC Act. The proceeds of the liquidation shall be applied and distributed in the following order:
Appears in 19 contracts
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)
Liquidation and Termination. On dissolution of the Company, the Managing Member Board of Managers shall proceed diligently to wind up the affairs of the Company and make any final distributions distribution as provided herein in this Agreement and in the Act. The proceeds costs of the liquidation shall be applied borne as a Company expense. Liquidation proceeds, if any, shall first be used to pay the Company’s obligations and distributed in the following order:liabilities.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Liquidation and Termination. On dissolution termination of the Company, the Managing Member Members shall proceed diligently to wind up the affairs of the Company and make final distributions distribution as provided herein in this Operating Agreement and in the Act. The proceeds costs of the liquidation shall be applied and distributed in the following order:borne as a Company expense.
Appears in 2 contracts
Samples: Operating Agreement (Summit Hotel OP, LP), Operating Agreement (Summit Hotel Properties LLC)
Liquidation and Termination. On dissolution of the Company, the Managing Member shall proceed procced diligently to wind up the affairs of the Company and make final distributions as provided herein and in the LLC Act. The proceeds of the liquidation shall be applied and distributed in the following order:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)
Liquidation and Termination. On dissolution of the Company, the Managing Member shall proceed diligently to wind Wind up the affairs of the Company and make final distributions as provided herein and in the Act. The proceeds of the liquidation shall be applied and distributed in the following order:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)
