Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and Economic Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the Members and Economic Interest Holders in accordance with Section 4.4 of this Agreement.
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Samples: 59th Street Gym LLC Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)
Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and Economic Interest Holders who are creditors, in satisfaction of the all liabilities of the Company, and then second, to the Members and Economic Interest Holders in accordance with Section 4.4 of this Agreement.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement (Fair-Haired Dumbbell LLC), Operating Agreement (Fair-Haired Dumbbell LLC)
Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and holders of Economic Interest Holders Interests who are creditors, in satisfaction of the liabilities of the Company, and then to the Members and holders of Economic Interest Holders Interests in accordance with Section 4.4 of this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Presidential Realty Corp/De/), Operating Agreement (Presidential Realty Corp/De/)
Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and Economic Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then then, to the Members and Economic Interest Holders in accordance with Section 4.4 of this Agreement. The withdrawal of a Member or the termination of the Company shall not relieve a withdrawing Member of its obligation (if any) to the Company or any Client made in connection with any Client Contract.
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Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and Economic Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the Members and Economic Interest Holders in accordance with Section 4.4 of this Agreement.
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Samples: Operating Agreement (DMTR LLC)
Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and holders of Economic Interest Holders Interests who are creditors, in satisfaction of the liabilities of the Company, and then to the Members and holders of Economic Interest Holders Interests in accordance with Section 4.4 of this Agreement. 7.3.
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Procedure for Winding Up and Distribution. If the Company is dissolved, the remaining Members 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 Members and holders of Economic Interest Holders Interests who are creditors, in satisfaction of the liabilities of the Company, and then to the Members and holders of Economic Interest Holders Interests in accordance with Section 4.4 of this Agreement.. 7.3
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