Liquidation and Winding Up. If dissolution of the Company should be caused by reason of any of the events set forth in paragraphs (a) or (b) of Section 13.1 hereof, the Company shall be liquidated and the Person designated at such time by the Board of Managers (or other Person or Persons designated by a decree of court) shall wind up the affairs of the Company. The Person or Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company Assets and, in settling the accounts of the Company, the Company Assets shall be distributed in the following order of priority:
Appears in 14 contracts
Samples: Limited Liability Company Agreement (Curative Health Services Inc), Limited Liability Company Agreement (Apex Therapeutic Care, Inc.), Limited Liability Company Agreement (Apex Therapeutic Care, Inc.)
Liquidation and Winding Up. If dissolution of the Company should be caused by reason of (i) any of the events set forth in paragraphs (a) or (b) of Section 13.1 12.1 hereof, the Company shall be liquidated and the Person designated at such time by the Board of Managers (or other Person or Persons designated by a decree of court) shall wind up the affairs of the Company. The Person or Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company Assets and, in settling the accounts of the Company, the Company Assets shall be distributed in the following order of priority:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Conseco Finance Lease 2000-1 LLC), Limited Liability Company Agreement (Green Tree Lease Finance Ii Inc), Limited Liability Company Agreement (Green Tree Lease Finance 1998-1 LLC)
Liquidation and Winding Up. If dissolution of the Company should be caused by reason of any of the events set forth in paragraphs (a) or (b) of Section 13.1 hereof, the Company shall be liquidated and the Person designated at such time by the Board of Managers Directors (or other Person or Persons designated by a decree of court) shall wind up the affairs of the Company. The Person or Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company Assets and, in settling the accounts of the Company, the Company Assets shall be distributed in the following order of priority:
Appears in 1 contract
Liquidation and Winding Up. If dissolution of the Company should be is caused by reason of any of the events set forth in paragraphs (a) or (b) of Section 13.1 11.1 hereof, the Company shall be liquidated and the Person designated at such time by the Board of Managers (or other Person or Persons designated by a decree of court) shall wind up the affairs of the Company. The Person Board or other Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company Assets and, in settling the accounts of the Company, the assets and the property of the Company Assets shall be distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Interactive Health, Inc.)
Liquidation and Winding Up. If dissolution of the Company should be caused by reason of any of the events set forth in paragraphs (a) or (b) of Section 13.1 12.1 hereof, the Company shall be liquidated and the Person designated at such time by the Board of Managers (or other Person or Persons designated by a decree of court) shall wind up the affairs of the Company. The Person or Persons winding up the affairs of the Company shall promptly proceed to the liquidation of the Company Assets and, in settling the accounts of the Company, the Company Assets shall be distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (ATK Space Systems Inc.)
