Liquidation and Dissolution. The net assets of the Company shall be distributed to the Members upon dissolution of the Company.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Pepco Holdings LLC)
Liquidation and Dissolution. The net If the Company is dissolved, the assets of the Company shall be distributed to the Member or Members upon dissolution in proportion to its or their Membership Interests after satisfaction of the Companycreditors of the Company in accordance with applicable law.
Appears in 3 contracts
Sources: Operating Agreement (Inland Diversified Real Estate Trust, Inc.), Operating Agreement (Inland American Real Estate Trust, Inc.), Operating Agreement (Inland Real Estate Corp)