Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the liabilities of the Company shall be entitled to payment in the following order: (a) to creditors, including the Member in its capacity as a creditor for any money loaned to the Company, in the order of priority and provided by law; and (b) to the Member.
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Samples: Limited Liability Company Agreement (Olden Lane Trust C/O Olden Lane Securities LLC), Limited Liability Company Agreement (Elkhorn Unit Trust)
Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the liabilities of the Company shall be entitled to payment in the following order: (a) to creditors, including the Member Shareholder in its capacity as a creditor for any money loaned to the Company, in the order of priority and as provided by law; , and (b) to the MemberShareholder.
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Samples: Limited Liability Company Operating Agreement (TD Auto Finance LLC), Limited Liability Company Operating Agreement (TD Auto Finance LLC)
Distribution of Assets Upon Dissolution. (a) In settling accounts after dissolution, the liabilities of the Company shall be entitled to payment in the following order: (a) to creditors, including the Member in its capacity as a creditor for any money loaned to the Company, in the order of priority and provided by law; and (b) to the Member.:
Appears in 1 contract
Samples: Operating Agreement (Nelnet Inc)
Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the liabilities of the Company shall be entitled to payment in the following order: (a) to creditors, including the Member in its capacity as a creditor for any money loaned to the Company, in the order of priority and as provided by law; law in satisfaction of all liabilities and (b) obligations of the Company whether by payment or the establishment of reasonable reserves therefor. The remaining assets of the Company shall be distributed to the MemberMembers in accordance with Section 10.3(c).
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Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the liabilities of the Company shall be entitled to payment ( or the making of reasonable provision for payment thereof including contingent, conditional and unmatured liability) in the following order: (a) to creditors, including the Member in its capacity as a creditor for any money loaned to the Company, in the order of priority and provided by law; and (b) to the Member.:
Appears in 1 contract
Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the liabilities of the Company shall be entitled to payment in the following order: (a) to creditors, including the Member in its capacity as a creditor for any money loaned to the Company, in the order of priority and as provided by law; law in satisfaction of all liabilities and (b) obligations of the Company whether by payment or the establishment of reasonable reserves therefor. The remaining assets of the Company shall be distributed to the Member.Members in accordance with Section 10.3(c). 13.4
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Samples: www.sec.gov
