Common use of Method of Distribution Upon Winding Up Clause in Contracts

Method of Distribution Upon Winding Up. Upon termination of the Company pursuant to Section 11.1 above, the Management Committee shall supervise and control the termination and winding up of the Company and the assets of the Company and the proceeds of any liquidation shall be applied and distributed in the following manner and order of priority:

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Interactive Voice Media (Sacramento) Corp.), Limited Liability Company Agreement (Interactive Voice Media (Sacramento) Corp.), Limited Liability Company Agreement (Interactive Voice Media (Sacramento) Corp.)

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Method of Distribution Upon Winding Up. Upon termination of the Company pursuant to Section 11.1 1.1.1 above, the Management Committee shall supervise and control the termination and winding up of the Company and the assets of the Company and the proceeds of any liquidation shall be applied and distributed in the following manner and order of priority:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Interactive Voice Media (Sacramento) Corp.)

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