Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, the proceeds of liquidation after the payment of creditors as specified in Section 16.2 shall be distributed to all of the Members in accordance with their positive Capital Account balances as properly adjusted through the time of such distribution.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Hiland Holdings GP, LP)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, the proceeds of liquidation after the payment of creditors as specified in Section 16.2 Article 14 shall be distributed to all of the Members in accordance with their positive Capital Account balances as properly adjusted through the time of such distribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Calumet Specialty Products Partners, L.P.), Limited Liability Company Agreement (Calumet Specialty Products Partners, L.P.)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, the proceeds of liquidation after the payment of creditors as specified in Section 16.2 17.2 hereof shall be distributed to all of the Members in accordance with their positive Capital Account balances as properly property adjusted through the time of such distribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, the proceeds of liquidation after the payment of creditors as specified in Section 16.2 14.2 hereof shall be distributed to all of the Members in accordance with their positive Capital Account balances as properly adjusted through the time of such distribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Georesources Inc)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, the proceeds of liquidation after the payment of creditors as specified in Section 16.2 13.2 shall be distributed to all of the Members in accordance with their positive Capital Account balances as properly adjusted through the time of such distribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, the proceeds of liquidation after the payment of creditors as specified in Section 16.2 15.2 shall be distributed to all of the Members in accordance with their positive Capital Account balances as properly adjusted through the time of such distribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stonemor Partners Lp)
