Liquidation and Dissolution. If the Company is dissolved, the assets of the Company shall be distributed to the Member or Members in proportion to its or their Membership Interests after satisfaction of the creditors of the Company in accordance with applicable law.
Appears in 3 contracts
Sources: Operating Agreement (Inland Diversified Real Estate Trust, Inc.), Operating Agreement (Inland American Real Estate Trust, Inc.), Operating Agreement (Inland Real Estate Corp)
Liquidation and Dissolution. If the Company is dissolved, the The net assets of the Company shall be distributed to the Member or Members in proportion to its or their Membership Interests after satisfaction upon dissolution of the creditors of the Company in accordance with applicable lawCompany.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Pepco Holdings LLC)