Liquidation and Dissolution. If the Company is liquidated, the assets of the Company shall be distributed to the Member or to a Successor or Successors.
Liquidation and Dissolution. 4.4.1. If the Company is liquidated, the assets of the Company shall be distributed to the Interest Holders in accordance with the balances in their respective Capital Accounts, after taking into account the allocations of Profit or Loss pursuant to Sections 4.1 or 4.2, if any, and distributions, if any, of cash or property, if any, pursuant to Sections 4.1 and 4.2.3.
Liquidation and Dissolution. Except as otherwise provided in this Section 13, the Company shall continue in perpetuity. The Company shall be dissolved and its affairs wound up upon the first to occur of (i) the written consent of the Managing Member; or (ii) the entry of a decree of judicial dissolution under Section 18-802 of the Act.
Liquidation and Dissolution. (a) Except as otherwise required by the Act or this Agreement, the Company shall have perpetual existence unless the Managing Member and the holders of at least a majority of the Company’s limited liability company interests shall elect to dissolve the Company or there is an entry of a decree of judicial dissolution under Section 18-802 of the Act.
Liquidation and Dissolution. 4.5.1 If the Company is liquidated, the assets of the Company shall be distributed to the Members in accordance with the terms of Section 4.1 (subject to the effect of Section 4.3(d), above).
Liquidation and Dissolution. (a) If the Company is liquidated, the assets of the Company shall be distributed to the Interest Holders as provided in section 8.2.
Liquidation and Dissolution. 4.4.1 If the Company is liquidated, in the year of such liquidation the assets of the Company shall be distributed to the Members in accordance with the positive balances in their respective Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occurs.
Liquidation and Dissolution. IV.5.1.Subject to Article VIII, if the Company is liquidated, the Board of Directors shall take full account of the Company assets and its liabilities and shall cause the Company assets or the proceeds from the sale thereof, to the extent sufficient therefor, to be applied and distributed, to the maximum extent permitted by law, in the following order:
Liquidation and Dissolution. In the event the Company shall, at any time prior to the expiration of this Warrant and prior to the exercise thereof, dissolve, liquidate, or wind up its affairs, the Holder shall be entitled, upon the exercise thereof, to receive, in lieu of the shares that he would have been entitled to receive, the same kind and amount of assets as would have been issued, distributed, or paid to him upon any such dissolution, liquidation, or winding up with respect to such shares had he been the holder of record of such shares on the record date for the determination of those entitled to receive any such liquidating distribution. After any such dissolution, liquidation, or winding up that shall result in any cash distribution in excess of the Exercise Price provided for by this Warrant, the Holder may, at his option, exercise the same without making payment of the Exercise Price, and in such case, the Company shall upon the distribution to the Holder consider that the Exercise Price has been paid in full to it and, in making settlement to the Holder, shall deduct from the amount payable to the Holder an amount equal to such Exercise Price.
Liquidation and Dissolution. 9 4.5 General....................................................................................... 9 4.6
