Common use of Distribution of Liquidation Proceeds Clause in Contracts

Distribution of Liquidation Proceeds. The proceeds from liquidation of the Company, including repayment of any debts of Members to the Company, and any Company assets that are not sold in connection with the liquidation will be applied in the following order of priority:

Appears in 5 contracts

Samples: Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.), Company Agreement (Northstar Healthcare Inc)

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Distribution of Liquidation Proceeds. The proceeds from liquidation of the Company, including repayment of any debts of Members to the Company, Company and any Company assets that are not sold in connection with the liquidation will be applied in the following order of priority:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capital Park Holdings Corp.)

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