Application of Assets. In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act.
Appears in 6 contracts
Samples: Limited Liability (Vitamin Shoppe, Inc.), Limited Liability Company Agreement (Franchise Group, Inc.), Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC)
Application of Assets. In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the business and assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act6.2.
Appears in 2 contracts
Samples: American Tower Systems Corp, American Radio Systems Corp /Ma/
Application of Assets. In the event of dissolution, the Company shall will conduct only such activities as are necessary to wind up its affairs (including the sale of the assets Assets of the Company in an orderly manner), and the assets Assets of the Company shall will be applied and distributed in the manner, manner and in the order of priority, priority set forth in Section 18-804 of the Act6.2.
Appears in 1 contract
Samples: CaliberCos Inc.
Application of Assets. In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied applied, first, as required by Section 18-804(a)(1) of the Act, and then in the manner, and in the order of priority, set forth in Section 18-804 of the ActArticle 5.
Appears in 1 contract
Samples: Formation and Operating Agreement (Municipal Mortgage & Equity LLC)
