Common use of Priority on Liquidation Clause in Contracts

Priority on Liquidation. The Liquidating Agent 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 Liquidating Agent shall deem appropriate, the proceeds of such liquidation shall be applied and distributed in the following order of priority: (i) To pay the costs and expenses of the liquidation and termination; (ii) Next, to pay the matured or fixed debts and liabilities of the Company; (iii) Next, to establish any reserve that the Liquidating Agent may deem necessary for any contingent, unmatured or unforseen liability of the Company and (iv) Next, to the Members, in accordance with Section 9.2.

Priority on Liquidation. The Liquidating Agent shall, to the extent feasiblefeasible and subject to Section 3.2, liquidate the assets of the Company as promptly as shall be practicable. To the extent that the proceeds are sufficient therefor, as the Liquidating Agent shall deem appropriate, the proceeds of such liquidation shall be applied and distributed in the following order of priority: (ia) To to pay the costs of all unpaid operating expenses; (b) to pay the costs and expenses of the liquidation and termination; (iic) Next, to pay the matured or fixed debts and liabilities of the Company; (iiid) Next, to establish any reserve that the Liquidating Agent may deem necessary for any contingent, unmatured or unforseen unforeseen liability of the Company Company; and (ive) Nextto distribute the balance, if any, to the Members, Members in accordance with Section 9.2the proportion to their respective Percentage Interests.

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate and sell the tangible assets and the intangible assets of the Company as promptly as shall be practicable. To the extent that the proceeds are sufficient therefor, as in the Liquidating Agent shall deem appropriateAgent’s opinion, the proceeds of such liquidation shall be applied and distributed in the following order of priority:priority (the “Liquidation Distribution”): (i) To pay the costs and expenses of the liquidation and termination; (ii) Next, to To pay the matured or fixed debts and liabilities of the Company; (iii) Next, to To establish any reasonable reserve that the Liquidating Agent may deem necessary for any contingent, unmatured or unforseen unforeseen liability of the Company andCompany; (iv) Next, to To the Members, Members in accordance with the provisions of Section 9.211(a)(i).

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate the marketable assets of the Company as promptly as shall be practicable. To the extent that the proceeds are sufficient therefortherefore, as the Liquidating Agent shall deem appropriate, the proceeds of such liquidation shall be applied and distributed in the following order of priority: (ia) To pay the reasonable costs and expenses of the liquidation and termination; (iib) Next, to To pay the matured or fixed debts and liabilities of the CompanyCompany (including, without limitation, all Member Loans); (iiic) Next, to To establish any reserve that the Liquidating Agent may deem necessary for any contingent, unmatured or unforseen unforeseen liability of the Company Company; and (ivd) NextThe balance, if any, shall be distributed to the Members, Members in accordance with the same manner that Net Proceeds are distributable pursuant to Section 9.28.01.