Common use of Final Distributions Clause in Contracts

Final Distributions. Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

Final Distributions. Upon the winding up ending of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; and (b) to Members in satisfaction of liabilities for distributions; and (c) to Members the Member first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share Member shares in profits and losses.

Final Distributions. Upon the winding up ending of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

Final Distributions. Upon the winding up of the LLC, the assets must be distributed as follows: follows (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.