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 practicable. The proceeds of such liquidation shall be applied in the following order of priority:

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Interhealth Facility Transport, Inc.), Limited Liability Company Operating Agreement (Interactive Voice Media (Sacramento) Corp.), Limited Liability Company Operating Agreement (Interactive Voice Media (Sacramento) Corp.)

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Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate the assets of the Company as promptly as shall be practicable. The 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:

Appears in 2 contracts

Samples: Operating Agreement (News Communications Inc), Operating Agreement (Hollinger Nci Holdings LLC)

Priority on Liquidation. (a) The Liquidating Agent shall, to the extent feasible, Liquidator shall liquidate the assets of the Company as promptly as practicable. The Company, and apply and distribute the proceeds of such liquidation shall be applied liquidation, in the following order of priority, unless otherwise required by mandatory provisions of applicable Law:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Erie Shores Emergency Physicians, Inc.), Limited Liability Company Operating Agreement (VHS of Anaheim Inc)

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate the assets of the Company as promptly as shall be practicable. The proceeds of such liquidation shall be applied in the following order of priority:

Appears in 1 contract

Samples: Operating Agreement (CVG Logistics, LLC)

Priority on Liquidation. (a) The Liquidating Agent shall, to the extent feasible, Liquidator shall liquidate the assets of the Company as promptly as practicable. The Company, and apply and distribute the proceeds of such liquidation shall be applied liquidation, in the following order of priority, unless otherwise required by mandatory provisions of Applicable Law:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Nalco Holding CO)

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate the assets of the Company as promptly as shall be practicable. The 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:priority (the “Liquidation Distribution”):

Appears in 1 contract

Samples: Limited Liability Company Agreement (F45 Training Holdings Inc.)

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. The To the extent the proceeds are sufficient therefor, as the Liquidating Agent shall deem appropriate, the proceeds of such liquidation shall be applied in the following order of priority:

Appears in 1 contract

Samples: Operating Agreement (American Interactive Media Inc)

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, shall liquidate the assets of the Company as promptly as practicable. The proceeds of such liquidation shall be applied in the following order of priority:pursuant to Section 53.

Appears in 1 contract

Samples: Master Services Agreement (Global Eagle Entertainment Inc.)

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. The To the extent the proceeds are sufficient therefor, in the Liquidating Agent's opinion, the proceeds of such liquidation shall be applied and distributed in the following order of priority:priority (the "Liquidation Distribution"):

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reckson Services Industries Inc)

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Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate the marketable assets of the Company as promptly as practicable. The To the extent the proceeds are sufficient therefore, as the Liquidating Agent shall deem appropriate, the proceeds of such liquidation shall be applied in the following order of priority:

Appears in 1 contract

Samples: Operating Agreement (Wilshire Enterprises Inc)

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, shall liquidate the assets of the Company as promptly as practicable. The proceeds of such liquidation shall be applied in the following order of priority:pursuant to Section 5.3.

Appears in 1 contract

Samples: Master Services Agreement (Global Eagle Entertainment Inc.)

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. The To the extent the proceeds are sufficient therefor, in the Liquidating Agent’s opinion, the proceeds of such liquidation shall be applied and distributed in the following order of priority:priority (the “Liquidation Distribution”):

Appears in 1 contract

Samples: Limited Liability Company Agreement (Superconductor Technologies Inc)

Priority on Liquidation. The Liquidating Agent shall, to the extent feasible, liquidate and sell the tangible assets and the intangible assets of the Company other than any Combined Alliance Shares as promptly as shall be practicable. The To the extent the proceeds are sufficient therefor, in the Liquidating Agent's opinion, the proceeds of such liquidation shall be applied and distributed in the following order of priority:priority (the "Liquidation Distribution"):

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reckson Services Industries Inc)

Priority on Liquidation. The Liquidating Agent shallwill, to the extent feasible, liquidate the assets of the Company as promptly as will be practicable. The To the extent the proceeds are sufficient therefore, as the Liquidating Agent will deem appropriate, the proceeds of such liquidation shall will be applied in the following order of priority:

Appears in 1 contract

Samples: Operating and Protocol Agreement (Statmon Technologies Corp)

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