Procedures Upon Dissolution. Upon dissolution of the Company, the Member shall wind up the affairs of the Company, sell its assets to the extent necessary to pay its liabilities, and after payment of all liabilities of the Company (including liabilities to the Member or Affiliate of the Member, if it is a creditor), shall distribute the remaining assets of the Company in accordance with Section 6.3 hereof Any distribution made pursuant to this Section 9.2 shall be made within a reasonable time period.
Appears in 1 contract
Sources: Development Loan Agreement (Nevada Geothermal Power Inc)
Procedures Upon Dissolution. Upon dissolution of the Company, the Member shall wind up the affairs of the Company, sell its assets to the extent necessary to pay its liabilities, and after payment of all liabilities of the Company (including liabilities to the Member or Affiliate of the Member, if it is a creditor), shall distribute the remaining assets of the Company in accordance with Section 6.3 hereof 7.3 hereof. Any distribution made pursuant to this Section 9.2 10.2 shall be made within a reasonable time period.
Appears in 1 contract
Sources: Development Loan Agreement (Nevada Geothermal Power Inc)
Procedures Upon Dissolution. Upon dissolution of the --------------------------- Company, the Member shall wind up the affairs of the Company, sell its assets to the extent necessary to pay its liabilities, and after payment of all liabilities of the Company (including liabilities to the Member or Affiliate of the Member, if it is a creditor), shall distribute the remaining assets of the Company in accordance with Section 6.3 hereof Sections 5.02 and 5.03 hereof. Any distribution made pursuant to this Section 9.2 8.02 shall be made within a reasonable time period.
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Commercial Aggregates Transportation & Sales LLC)