Distributions Upon Winding-Up. Upon the dissolution and winding up of the Partnership, the assets of the Partnership will be distributed in the following order of priority:
Distributions Upon Winding-Up. Within a reasonable period of time following the occurrence of the Dissolution Event, after allocating all Net Income, Net Loss and other items of income, gain, loss or deduction pursuant to Sections 3.4 (Allocation) and 3.5 (Special Allocations), the Company's assets (except for assets reserved pursuant to Section 8.3 (Assets Reserved and Pending Claims)) shall be applied and distributed in the following manner and order of priority:
Distributions Upon Winding-Up. Cash available for distribution in connection with the liquidation, termination and winding up of the Company shall be distributed in accordance with the provisions of Article 12.
Distributions Upon Winding-Up. Upon dissolution of the Company and the winding-up of the Company’s affairs in accordance with Section 26(b), the assets of the Company shall, subject to the requirements of applicable Delaware law, be applied and distributed in the following order of priority:
Distributions Upon Winding-Up. Except as otherwise provided in this Article, the winding-up and dissolution of the Company shall involve:
Distributions Upon Winding-Up. Upon the dissolution and winding up of the Partnership, the assets of the Partnership will be distributed in the following order of priority: (a) to the payment of the debts and liabilities of the Partnership and the expenses of winding-up, including the establishment of any reserves to pay any anticipated and contingent liabilities or obligations which the Managing or Co-Managing or General Partners, as the case may be, in their sole discretion, deem appropriate. Any such reserves will be charged against the Partners' Capital Accounts on a pro rata based upon the proportion of each Partner's ownership interests to the total of all Partners' interests, which reserve, prior to payment of such liabilities and obligations, will be placed in the hands of an escrow agent for such period and upon such terms as the General Partners will determine; (b) to repay any loans to the Partnership by a Partner, including any deferred payment obligation to a Partner or a Partner's personal representative as the result of a redemption by the Partnership of such Partner's interest; (c) to the Partners in an amount equal to any credit balance in their Capital Accounts (as a negative Capital Account balance will be considered a loan from the Partnership to the Partner for the purpose of determining distributions upon dissolution), so that the Capital Account of each Partner will be brought back to zero; and (d) the balance, if any, will be distributed to the Partners in an amount equal to each Partner's percentage interest in the Partnership.
Distributions Upon Winding-Up. The proceeds of any winding up shall be applied and distributed in the following order of priority (to the extent that such order of priority is consistent with the laws of the State of Delaware):
Distributions Upon Winding-Up. Upon dissolution of the Company and the winding-up of the Company’s affairs in accordance with Section 31(b), the assets of the Company (after giving effect to the provisions of Section 15(d)) shall, subject to the requirements of applicable Ohio law, be applied and distributed in the following order of priority:
Distributions Upon Winding-Up. Upon dissolution or winding up of the Company’s affairs, or other liquidation of its assets, the Company assets, remaining after payment, or provision for payment, of all debts and liabilities of the Company, shall be conveyed or distributed only to an organization or organizations created and operated exclusively for non- profit charitable purposes similar to those of the Company, other than an organization created for religious purposes, and which has established its exempt status under the Code 501(C)(3) and which meets the requirements of Section 214 and 23701(d) of the Revenue and Tax Code of the State of California.
Distributions Upon Winding-Up. Upon dissolution of the Company, the Company shall be wound up and liquidated as rapidly as business circumstances permit. The Manager shall act as the liquidating trustee, and the assets of the Company shall be liquidated and the proceeds thereof shall be paid (to the extent permitted by applicable law) in the following order of priority:
