Common use of Winding Up and Distribution Clause in Contracts

Winding Up and Distribution. a. Upon the dissolution of the Company pursuant to Section 8.1, the Company’s business shall be wound up and its assets liquidated as provided in this Section 8.2 and the net proceeds of such liquidation shall be distributed as follows:

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (McCarthy Michael R), Operating Agreement (McCarthy Michael R)

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Winding Up and Distribution. a. (a) Upon the dissolution of the Company pursuant to Section 8.1, the Company’s 's business shall be wound up and its assets liquidated by the Liquidator as provided in this Section 8.2 8.2, and the net proceeds of such liquidation shall be distributed as follows:to the Member.

Appears in 1 contract

Samples: Operating Agreement (Bear Island Finance Co Ii)

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