Distribution Upon Liquidation. Upon dissolution of the Company, the Manager or other Members, as provided in this Agreement, or if there shall be none, a duly appointed trustee or liquidator as provided in this Agreement, shall promptly proceed with the liquidation of the Company, its Subsidiaries and the Company Assets and the proceeds of such liquidation shall be applied and distributed in the following order of priority:
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Wellsford Real Properties Inc), Execution Version (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Whwel Real Estate Lp)
Distribution Upon Liquidation. Upon dissolution of the Company, the Manager or other MembersBoard of Managers, as provided in this Agreement, or if there shall be none, a duly appointed trustee or liquidator as provided in this Agreement, appointed by unanimous consent of the Members shall promptly proceed with to the liquidation of the Company, its Subsidiaries and the Company Assets and the proceeds of such liquidation shall shall, notwithstanding any other provision of this Agreement to the contrary, be applied and distributed in the following order of priority:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Liberty Media Corp /De/), Limited Liability Company Agreement (Idt Corp), Limited Liability Company Agreement (Idt Corp)
Distribution Upon Liquidation. Upon dissolution of the Company, the Manager or other MembersBoard of Managers, as provided in this Agreement, or if there shall be none, a duly appointed trustee or liquidator as provided in this Agreement, shall promptly proceed with to the liquidation of the Company, its Subsidiaries and the Company Assets and the proceeds of such liquidation shall shall, notwithstanding any other provision of this Agreement to the contrary, be applied and distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Archipelago Holdings L L C)
Distribution Upon Liquidation. Upon dissolution of the Company, the Manager Officers or any other Members, as provided in this Agreement, or if there shall be none, a duly Person(s) appointed trustee or liquidator as provided in this Agreementby the Board of Managers, shall promptly proceed with the liquidation of the Company, its Subsidiaries and the Company Assets and the proceeds of such liquidation shall be applied and distributed in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Home Co LLC)
