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

Order of Payment of Liabilities Upon Dissolution. After ------------------------------------------------ determining that all the known debts and liabilities of the Company have been paid or adequately provided for, all remaining assets of the Company shall be distributed to the Member in accordance with the provisions of Article 6 hereof.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (National Earth Products Inc), Limited Liability Company Agreement (National Earth Products Inc), Limited Liability Company Agreement (National Earth Products Inc)

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Order of Payment of Liabilities Upon Dissolution. After determining ------------------------------------------------ determining that all the known debts and liabilities of the Company have been paid or adequately provided for, all remaining assets of the Company shall be distributed to the Member in accordance with the provisions of Article 6 hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (National Earth Products Inc)

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Order of Payment of Liabilities Upon Dissolution. After determining ------------------------------------------------ determining that all the known debts and liabilities of the Company have been paid or adequately provided for, all the remaining assets of the Company shall be distributed to the Member Members in accordance with their membership interests, after taking into account income and loss allocations for the provisions of Article 6 hereofCompany's taxable year during which liquidation occurs.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

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