Common use of Payment of Debts to Third Parties Clause in Contracts

Payment of Debts to Third Parties. The assets shall first be applied to the payment of the Company’s liabilities and the liquidation expenses. A reasonable time shall be allowed for the orderly liquidation of the Company’s assets and the discharge of liabilities to creditors so as to enable the liquidator to minimize any losses resulting from the liquidation.

Payment of Debts to Third Parties. The assets shall first be applied to the payment of the Company’s liabilities (other than any loans or advances that may have been made to the Company by a Member) and the liquidation expenses. A reasonable time shall be allowed for the orderly liquidation of the Company’s assets and the discharge of liabilities to creditors so as to enable the liquidator to minimize any losses resulting from the liquidation.

Payment of Debts to Third Parties. The assets shall first be applied to the payment of the Company’s liabilities (other than any loans or advances that may have been made to the Company by the Member) and the liquidation expenses. A reasonable time shall be allowed for the orderly liquidation of the Company’s assets and the discharge of liabilities to creditors so as to enable the liquidator to minimize any losses resulting from the liquidation.,

Payment of Debts to Third Parties. The assets shall first be --------------------------------- applied to the payment of the Company’s 's liabilities and the liquidation expenses. A reasonable time shall be allowed for the orderly liquidation of the Company’s 's assets and the discharge of liabilities to creditors so as to enable the liquidator to minimize any losses resulting from the liquidation.

Payment of Debts to Third Parties. The assets shall first be applied to the payment of the Company’s 's liabilities (other than any loans or advances that may have been made to the Company by a Member) and the liquidation expenses. A reasonable time shall be allowed for the orderly liquidation of the Company’s 's assets and the discharge of liabilities to creditors so as to enable the liquidator Managing Member to minimize any losses resulting from the liquidation.