Common use of Procedure for Winding Up and Dissolution Clause in Contracts

Procedure for Winding Up and Dissolution. If the Company is dissolved, the Member shall wind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the Interest Holders.

Procedure for Winding Up and Dissolution. If the Company is ----- ========================================== dissolved, the Member affairs of the Company shall wind up its affairsbe wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company, including Interest Holders who are creditors, Company in satisfaction of the liabilities of the Company, and then to the Interest HoldersPersons who are the Members of the Company in proportion to their Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the Member Manager shall wind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company, including Interest Holders Members who are creditorscreditors (other than as the result of unpaid distributions), in satisfaction of the liabilities of the Company, and then to the Interest HoldersMembers in accordance with Section 4.5.

Procedure for Winding Up and Dissolution. If the Company is ----- ======================================== dissolved, the Member affairs of the Company shall wind up its affairsbe wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company, including Interest Holders who are creditors, Company in satisfaction of the liabilities of the Company, and then to the Interest HoldersPersons who are the Members of the Company in proportion to their Interests.