Common use of Order of Payment of Liabilities Upon Dissolution Clause in Contracts

Order of Payment of Liabilities Upon Dissolution. 10.4.1. After determining that all known liabilities of the Company including debts and liabilities to Members who are creditors of the Company, have been paid or adequately provided for, and subject to the provisions of Section 6.5, the remaining assets will be distributed to the Members in accordance with their distributed to the Members pro rata in accordance with their respective Units. The liquidating distributions must be made by the end of the Company’s taxable year in which the Company is liquidated or, if later, within ninety (90) days after the date of the liquidation.

Order of Payment of Liabilities Upon Dissolution. 10.4.1. After determining that all the known debts and liabilities of the Company including debts and liabilities to Members who are creditors in the process of the Company, winding up have been paid or adequately provided for, and subject to the provisions of Section 6.5, the remaining assets will shall be distributed to the Members in accordance with their distributed to the Members pro rata in accordance with their respective UnitsMember. The Such liquidating distributions must distribution shall be made by not later than the end of the Company’s taxable fiscal year in which the Company is liquidated liquidated, or, if later, within ninety (90) 90 days after the date of the such liquidation.

Order of Payment of Liabilities Upon Dissolution. 10.4.1. 10.5.1 After determining that all known debts and liabilities of the Company including in the process of winding-up, including, without limitation, debts and liabilities to Members who are creditors of the Company, have been paid or adequately provided for, and subject to the provisions of Section 6.5, the remaining assets will shall be distributed as Liquidating Distributions to the Members in accordance with their distributed to the Members pro rata in accordance with their respective UnitsHolders. The liquidating distributions must Liquidating Distributions shall be made by the end of the Company’s 's taxable year in which the Company is liquidated orliquidated, or if later, within ninety (90) days after the date of the such liquidation.