Common use of Distributions to Members Clause in Contracts

Distributions to Members. On the date (as determined by the Managing Member) when the Credit Agreement has been finally terminated and repaid and any and all security interests of the Lender over the Preferred Equity Account and All Other Accounts have been released and all other obligations of the Company due or to become due thereafter have been paid or provided for, the Managing Member shall or shall cause the Company to effect a liquidation to cash of any non-cash Assets standing to the balance of the Preferred Equity Account and All Other Accounts , and immediately following such liquidation:

Distributions to Members. On the date (as determined by the Managing Member) when the Credit Agreement has been finally terminated and repaid and any and all security interests of the Lender over the Preferred Equity Account and All Other Accounts have been released and all other obligations of the Company due or to become due thereafter have been paid or provided for, the Managing Member shall or shall cause the Company to effect a liquidation to cash of any non-cash Assets standing to the balance of the Preferred Equity Account and All Other Accounts Accounts, and immediately following such liquidation: