Common use of Distribution of Assets Upon Dissolution Clause in Contracts

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and (b) Second, any remainder shall be distributed to the Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its the Member’s Capital Contributions; and (b) Second, any remainder shall be distributed to the Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the any Member on account of its Capital Contributions; and (b) Second, any remainder shall be distributed to the Class A Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and (b) Second, any remainder shall be distributed to the MemberMember(s).

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets liabilities of the Company shall be paid entitled to payment in the following order: : (a) First, to creditors, including the Member in its capacity as a creditor for any money loaned to the Company, in the order of priority as and provided by applicable law, except those to the Member on account of its Capital Contributions; and and (b) Second, any remainder shall be distributed to the Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member Member(s) on account of its their Capital Contributions; and (b) Second, any remainder shall be distributed to the MemberMember(s).

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets liabilities of the Company shall be paid entitled to payment in the following order: : (a) First, to creditors, including the Shareholder in its capacity as a creditor for any money loaned to the Company, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and and (b) Second, any remainder shall be distributed to the MemberShareholder.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid distributed in the following order: (a) a. First, to creditorspay those liabilities to creditors (including liabilities on account of loans from Members pursuant to Article 4 hereof, but excluding liabilities on account of Members’ Capital Contributions), in the order of priority as provided by applicable law; b. The balance, except those if any, to the Member on account of its Preferred Members in amounts, if any, equal to their Unreturned Capital Contributions; and (b) Second, any remainder shall be distributed and the balance to the MemberCommon Members.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and; (b) Second, an amount equal to the then remaining credit balances in the Capital Accounts of the Members shall be distributed to the Members in proportion to the amount of such balances; and (c) Third, any remainder shall be distributed to the MemberMembers of the Company, pro rata, in accordance with their respective Membership Interests.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid distributed in the following order: (a) First, to pay those liabilities to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and (b) SecondThe balance, any remainder shall be distributed if any, to the MemberMembers in accordance with Section 7.1.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and; (b) Second, any Any remainder shall be distributed to the MemberMember of the Company.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid or distributed in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and (b) Second, any remainder shall be distributed to the Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company Property shall be paid distributed in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to Members of the Member Company on account of its their Capital Contributions; and (b) Second, any remainder shall be distributed to the MemberMembers Pro Rata.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a1) First, to creditors, in the order of priority as provided by applicable law, except those to the Member Members on account of its their Capital Contributions; (2) Second, an amount equal to the then remaining credit balances in the Capital Accounts of the Members shall be distributed to the Members in proportion to the amount of such balances; and (b3) SecondThird, any remainder shall be distributed to the MemberMembers Pro Rata.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, creditors (which shall include a Member to the extent of any loan made by the Member to the Company) in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and (b) Secondthereafter, any remainder shall be distributed to the MemberMembers in accordance with Section 4.1.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member Members on account of its their Capital Contributions; and; (b) Second, an amount equal to the remaining credit balances of the Capital Accounts of the Members shall be distributed to the Members in proportion to the amount of such balances; and (c) Third, any remainder shall be distributed to the MemberMembers of the Company, pro rata, to their respective Membership Interests.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) 1. First, to creditorsthe creditors of the Company, in the order of priority as provided by applicable law. 2. Second, except those to the Member on account of its Capital Contributions; and (b) SecondMembers in the same manner as Distributable Cash is distributed hereunder, any remainder shall be distributed after giving effect to all allocations under Article 8 for all prior periods, including the Memberperiod during which the dissolution occurs.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to Members of the Member Company on account of its their Capital Contributions; and (b) Second, any remainder shall be distributed to the MemberMembers in accordance with the then-applicable paragraph of Section 4.1.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets liabilities of the Company shall be paid entitled to payment in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, law (except those to the Member on account of its Capital ContributionsContribution); and (b) Second, any remainder shall be distributed to the Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditorscreditors (including any loans from Interest Owners), in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and; (b) Second, any remainder shall be distributed to the MemberInterest Owners pro rata in proportion to their respective positive Capital Account balances until such Capital Account balances are reimbursed in full; (c) Third, the excess, if any, to the Interest Owners pro rata in proportion to their respective Units.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid distributed in the following order: (a) First, to pay those liabilities to creditors, in the order of priority as provided by applicable law, law (except those to the Member Members on account of its their Capital Contributions); and (b) SecondThe balance, any remainder shall be distributed if any, to the MemberMembers in accordance with Section 7.1(c), but subject to Section 7.3.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditorscreditors of the Company, in the order of priority as provided by applicable law, except those to the Member Members on account of its their Capital Contributions; and; (b) Second, an amount equal to the then remaining credit balances in the Capital Accounts of the Members shall be distributed to the Members in proportion to the amount of such balances, and (c) Third, any remainder shall be distributed to the MemberMembers of the Company, pro rata, in accordance with their respective Membership Interests.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to Members of the Member Company on account of its their Capital Contributions; and (b) Second, to Members who are creditors of the Company in proportion to each Member’s loans to the Company until the outstanding balances thereof equal zero; and (c) Third, any remainder shall be distributed to the MemberMembers Pro Rata.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its his Capital Contributions; and (b) Second, any remainder shall be distributed to the Member.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid distributed in the following order: (a) First, to creditors, including the Members or Managers who are creditors, in the order of priority as provided by applicable law, except those to the Member Members on account of its the Members’ Capital Contributions; and (b) Second, any remainder shall be distributed to the MemberMembers.

Distribution of Assets Upon Dissolution. In settling accounts after --------------------------------------- dissolution, the assets of the Company shall be paid distributed in the following order: (a) Firsta. first, to pay those liabilities to creditors, in the order of priority as provided by applicable law, law (except those to the Member Members on account of its their Capital Contributions); and (b) Secondb. next, any remainder to the Members pro rata in accordance with the positive balances in their Capital Accounts, after taking into account all adjustments to the Capital Accounts for all periods until each Member's Capital Account shall be distributed reduced to the Memberzero.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: : (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and and (b) SecondThereafter, any remainder shall be distributed to the Member.Members of the Company, pro rata, in accordance with their respective Membership Interests. 8.3

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid distributed in the following order: (a) a. First, to pay those liabilities to creditors, in the order of priority as provided by applicable law, law (except those to the Member Members on account of its their Capital Contributions; and); (b) Secondb. The balance, any remainder shall be distributed to the Memberas set forth in Section 7.4 of this Operating Agreement.

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid in the following order: (a) First, to creditors, in the order of priority as provided by applicable law, except those to the Member on account of its Capital Contributions; and (b) SecondThereafter, any remainder shall be distributed to the MemberMembers of the Company, pro rata, in accordance with their respective Membership Interests.