Distributions of Proceeds of Liquidation. For purposes of this Section 13.5, “proceeds of liquidation” shall equal cash available for distribution, net of debts secured by liens on the Property, provided that neither the Company nor the Members shall be personally liable on, or they shall be released from, such debts. The proceeds of liquidation shall be applied in the following order of priority:
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Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.), Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Distributions of Proceeds of Liquidation. For purposes of this Section 13.5, “proceeds of liquidation” shall equal cash available for distribution, net of debts secured by liens on the PropertyCompany’s debts, provided that neither the Company nor the Members shall be personally liable on, or they shall be released from, such debts. The proceeds of liquidation shall be applied in the following order of priority:
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Distributions of Proceeds of Liquidation. For purposes of this Section 13.513.4, “proceeds of liquidation” shall equal cash available for distributionliquidation, net of debts liens secured by liens on the Property, provided that neither the Company nor any of the Members shall be personally liable on, or they shall be released from, from such debts. The proceeds of liquidation shall be applied in the following order of priority:
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Samples: Operating Agreement (Bluerock Residential Growth REIT, Inc.)
Distributions of Proceeds of Liquidation. For purposes of this Section 13.5, “proceeds of liquidation” shall equal cash available for distributionliquidation, net of debts liens secured by liens on the PropertyPortfolio, provided that neither the Company nor either of the Members shall be personally liable on, or they shall be released from, from such debts. The proceeds of liquidation shall be applied in the following order of priority:
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Distributions of Proceeds of Liquidation. For purposes of this Section 13.5, “proceeds of liquidation” shall equal cash available for distributionliquidation, net of debts liens secured by liens on the Property, provided that neither the Company nor either of the Members shall be personally liable on, or they shall be released from, such debts. The proceeds of liquidation shall be applied in the following order of priority:
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Distributions of Proceeds of Liquidation. For purposes of this Section 13.514.4, “proceeds of liquidation” shall equal cash available for distributionliquidation, net of debts liens secured by liens on the Property, provided that neither Property or the Company nor the Members shall be personally liable on, or they shall be released from, such debtsCompany’s assets. The proceeds of liquidation shall be applied in the following order of priority:
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Samples: Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Distributions of Proceeds of Liquidation. For purposes of this Section 13.5, “"proceeds of liquidation” " shall equal cash available for distributionliquidation, net of debts liens secured by liens on the Property, provided that neither the Company nor either of the Members shall be personally liable on, or they shall be released from, from such debts. The proceeds of liquidation shall be applied in the following order of priority:
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