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

Order of Payment of Liabilities Upon Dissolution. Upon dissolution, the LLC's liabilities shall be settled in the following order, as required by the Act:

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group), Limited Liability Company Operating Agreement (Peoples Liberation Inc), Limited Liability Company Operating Agreement (Peoples Liberation Inc)

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Order of Payment of Liabilities Upon Dissolution. Upon dissolution, the LLC's ’s liabilities shall be settled in the following order, as required by the Act:

Appears in 2 contracts

Samples: Operating Agreement (Peoples Liberation Inc), Operating Agreement (Peoples Liberation Inc)

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