Liquidating Distributions. Following the dissolution of the Company, the assets of the Company shall first be applied to satisfy claims of creditors, with any balance being distributed to the Member in liquidation as provided in the Act.
Appears in 17 contracts
Samples: Operating Agreement (Radiation Therapy Services Holdings, Inc.), Operating Agreement (Radiation Therapy Services Holdings, Inc.), Operating Agreement (Radiation Therapy Services Holdings, Inc.)
Liquidating Distributions. Following the dissolution of the Company, the assets of the Company shall first be applied to satisfy claims of creditors, with any balance being creditors and distributed to the Member in liquidation as provided in the ActAct by the persons charged with winding up the affairs of the Company.
Appears in 7 contracts
Samples: Limited Liability Company Operating Agreement (Molina Healthcare Inc), Limited Liability Company Operating Agreement (Molina Healthcare Inc), Limited Liability Company Operating Agreement (Molina Healthcare Inc)
Liquidating Distributions. Following the dissolution of the Company, the assets of the Company shall first be applied to satisfy (whether by payment or reasonable provision for payment) claims of creditors, with any balance being distributed to the Member in liquidation as provided in the Act.
Appears in 3 contracts
Samples: Operating Agreement (Compass Diversified Trust), Operating Agreement (Compass Diversified Trust), Operating Agreement (Atlas Industries Holdings LLC)
Liquidating Distributions. Following the dissolution of Company’s dissolution, the Company, the ’s assets of the Company shall first be applied to satisfy claims of creditors, with any balance being creditors and distributed to the Member in liquidation as provided in the Act.
Appears in 1 contract
Liquidating Distributions. Following the dissolution of the Company, the assets of the Company shall first be applied to satisfy claims of creditors, with any including the Manager, and the balance being shall be distributed to the Member in liquidation as provided in the ActMember.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Netsuite Inc)
