Common use of Winding Up On Dissolution of the Company Clause in Contracts

Winding Up On Dissolution of the Company. Upon the dissolution of the Company pursuant to Article 15.1, the Company shall be wound up by winding up each Series in the manner contemplated by Article 15.3, except that, for purposes of Article 15.3, paragraph 3, the separate Capital Accounts of each Member associated with more than one Series shall be combined into a single Capital Account of such Member.

Appears in 7 contracts

Samples: Series Limited Liability Company Agreement (VV Markets LLC), Series Limited Liability Company Agreement (Mythic Collection, LLC), Series Limited Liability Company Agreement (Mythic Collection, LLC)

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