Common use of Distributions on Dissolution Clause in Contracts

Distributions on Dissolution. The proceeds of liquidation and other assets of the Company shall be applied and distributed in the following order of priority:

Appears in 5 contracts

Sources: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)

Distributions on Dissolution. The proceeds of liquidation and other assets of the Company Partnership shall be applied and distributed in the following order of priority:

Appears in 1 contract

Sources: Limited Partnership Agreement (Salem Communications Corp /De/)