Distribution upon Dissolution. Proceeds from a Terminating Capital Transaction and/or other amounts or assets available upon dissolution, and after payment of, or adequate provision for, the debts and obligations of the Company, shall be distributed and applied in the following priority:
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Distribution upon Dissolution. Proceeds from a Terminating Capital Transaction and/or other and amounts or assets available upon dissolution, and after payment of, or adequate provision for, the debts and obligations of the Company, and liquidation of any remaining assets of the Company, shall be distributed and applied in the following priority:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (St Lawrence Seaway Corp), Option Agreement (St Lawrence Seaway Corp)
