Common use of Winding-Up Procedures Clause in Contracts

Winding-Up Procedures. 1. Promptly upon final dissolution of the Company, the affairs of the Company shall be wound up and the Company liquidated. Profits and Losses (and items thereof) with respect to the Company realized during the winding up period shall be allocated among the applicable Capital Accounts of the Members pursuant to Article 5.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Winding-Up Procedures. 1. Promptly upon final final dissolution of the Company, the affairs affairs of the Company shall be wound up and the Company liquidated. Profits Profits and Losses (and items thereof) with respect to the Company realized during the winding up period shall be allocated among the applicable Capital Accounts of the Members pursuant to Article 5.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Winding-Up Procedures. 1. Promptly upon final final dissolution of the Company, the affairs affairs of the Company shall be wound up and the Company liquidated. Profits Profits and Losses Xxxxxx (and items thereof) with respect to the Company realized during the winding up period shall be allocated among the applicable Capital Accounts of the Members pursuant to Article 5.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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