Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate the assets of the Company as promptly as practicable. The proceeds of such liquidation shall be applied in the following order of priority:
Priority on Liquidation. (a) In the event of (x) any insolvency or bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to the Corporation or to its creditors, as such, or to its assets or (y) the dissolution or other winding up of the Corporation, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy proceedings, or (z) any assignment for the benefit of creditors or any marshalling of the material assets or material liabilities of the Corporation (each a "Liquidation Event"), then, and in any such event, the Holder of this Debenture shall first be entitled to receive payment in full of all principal of, and all Interest and other amounts due or to become due on, this Debenture before any payment on account of principal, premium, if any, interest, dividends or any other amounts is made on any Debt of the Corporation or Junior Securities, whether on account of any purchase, exchange or redemption or other acquisition of such Debt or Junior Securities, at maturity or otherwise. Notwithstanding the foregoing, the Debenture shall rank in pari passu with the Joint Investor Debentures.
Priority on Liquidation. The Preference Shares shall rank in all respects as to distribution of assets upon a liquidation of the Company prior to the Ordinary Shares and to any other class of share capital created hereafter until all the Preference Shares have been converted or redeemed.
Priority on Liquidation. The Convertible Debt shall rank in all respects as to distribution of assets upon a liquidation of the Company prior to the Ordinary Shares and to any other class of share capital created hereafter until all the Convertible Debt has been converted or redeemed.
Priority on Liquidation. Upon dissolution of the Partnership, the General Partner shall, to the extent feasible, proceed to wind up the affairs and liquidate the assets of the Partnership, allowing a reasonable time for the process of winding up and liquidation so as to minimize the losses that would normally be incidental to such a process. The proceeds of such liquidation shall be applied first, to the payment of the matured debts and liabilities of the Partnership (other than amounts owing in respect of Partner Loans) and the costs and expenses of dissolution and liquidation of the Partnership; second, to the payment of amounts owing in respect of Partner Loans; third, to the setting up of any reserves which the General Partner may deem reasonably necessary for contingent, unmatured or unforeseen liabilities of the Partnership; and fourth, to pay distributions to the Partners in proportion and to the extent of any positive balances in their Capital Accounts (after crediting or charging each Partner's Capital Account for the Partner's share of all Profit or Loss and Gain or Loss on Disposition accrued through the date of such payment).
Priority on Liquidation. 31 10.5 Distribution of Non-Liquid Assets...........................31 10.6
Priority on Liquidation. The Manager shall, to the extent feasible, liquidate the assets of the Company as promptly as shall be practicable. To the extent that the proceeds are sufficient therefor, as the Manager and the Supervisory Board shall deem appropriate, the proceeds of such liquidation shall be applied and distributed in the following order of priority:
Priority on Liquidation. The term "Percentage of Membership Interest" shall not include the Percentage Membership Interest represented by the RSI Deemed Membership Interest.
Priority on Liquidation. 60 (d) Distribution of Non-Liquid Assets............................61 (i) The Liquidating Agent...............................61 (ii) The remaining assets................................61 (iii) Nothing contained in this Agreement.................62 (e)
Priority on Liquidation. The Liquidating Agent shall liquidate the assets of the Company as promptly as practicable. The proceeds of such liquidation shall be applied pursuant to Section 5.3. AGRINOMICS LLC 43 Limited Liability Company Agreement
