Common use of Procedure and Distribution Clause in Contracts

Procedure and Distribution. Upon the dissolution of the LLC, the CEO shall proceed to liquidate the assets of the LLC, which may be by the sale of all or substantially all of the assets of the LLC in a single transaction or a related series of transactions (subject to the prior Approval of the Executive Committee as provided in Subsection 4.8(g) above) and wind up its affairs and the proceeds of such liquidation shall be applied and distributed in the following order of priority:

Procedure and Distribution. Upon the dissolution of the LLC, the CEO President shall proceed to liquidate the assets of the LLC, which may be by the sale of all or substantially all of the assets of the LLC in a single transaction or a related series of transactions (subject to the prior Approval of the Executive Committee and of a Supermajority in Interest as provided in Subsection 4.8(g4.6(g) above) and wind up its affairs and the proceeds of such liquidation shall be applied and distributed in the following order of priority:

Procedure and Distribution. Upon the dissolution of the LLC, the CEO CHAIRMAN shall proceed to liquidate the assets of the LLC, which may be by the sale of all or substantially all of the assets of the LLC in a single transaction or a related series of transactions (subject to the prior Approval of the Executive Committee a Supermajority in Interest, as provided in Subsection 4.8(g4.6(g) above) and wind up its affairs and the proceeds of such liquidation shall be applied and distributed in the following order of priority: