Common use of Winding Up, Liquidation and Distribution of Assets Clause in Contracts

Winding Up, Liquidation and Distribution of Assets. Upon dissolution, an accounting will be made of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Member will: (a) sell or otherwise liquidate all of the Company’s assets as promptly as practicable; (b) discharge all liabilities of the Company, including liabilities to the Member as a creditor of the Company to the extent permitted by law, excluding liabilities for distributions to Members; and (c) distribute all remaining assets to the Member.

Winding Up, Liquidation and Distribution of Assets. Upon dissolution, an accounting will be made of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Member will: (a) sell or otherwise liquidate all of the Company’s assets as promptly as practicable; (b) discharge all liabilities of the Company, including liabilities to the Member as a creditor of the Company to the extent permitted by law, excluding liabilities for distributions to Members; and (c) distribute all the remaining assets to the Member.

Winding Up, Liquidation and Distribution of Assets. Upon dissolution, an accounting will shall be made of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Member willManager shall: (ai) sell or otherwise liquidate all of the Company’s assets as promptly as practicable; (bii) discharge all liabilities of the Company, including liabilities to the Member as a creditor of the Company to the extent permitted by law, excluding liabilities for distributions to Members; and (ciii) distribute all remaining assets to the Member.

Winding Up, Liquidation and Distribution of Assets. Upon dissolution, an accounting will be made of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Member will: (a) sell or otherwise liquidate all of the Company’s assets as promptly as practicable; (b) discharge or otherwise satisfy all liabilities of the Company, including liabilities to to. the Member as a creditor of the Company to the extent permitted by law, excluding liabilities for distributions to Members; and (c) distribute all remaining assets to the Member.

Winding Up, Liquidation and Distribution of Assets. Upon dissolution, an accounting will be made of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Member will: (a) sell or otherwise liquidate all of the Company’s assets as promptly as practicable; (b) discharge all liabilities of the Company, including liabilities to the Member as a creditor of the Company to the extent permitted by law, excluding liabilities for distributions to MembersMember; and (c) distribute all the remaining assets to the Member.

Winding Up, Liquidation and Distribution of Assets. Upon dissolution, an accounting will be made of the Company’s assets, liabilities and operations, from the date of the last previous accounting until the date of dissolution. The Member will: (a) sell or otherwise liquidate all of the Company’s assets as promptly as practicable; (b) discharge all liabilities of the Company, including liabilities to the Member as a creditor of the Company to the extent permitted by law, excluding liabilities for distributions to Members; and (c) distribute all remaining assets to the Member.