Common use of Liquidation and Distribution of Assets Clause in Contracts

Liquidation and Distribution of Assets. Upon -------------------------------------- dissolution of the Company, the board of managers shall proceed to sell or liquidate the assets (to the extent feasible) within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company's cash and other assets to the Members in proportion to their respective Percentage Interests.

Liquidation and Distribution of Assets. Upon -------------------------------------- dissolution of -------------------------------------- the Company, the board of managers shall proceed to sell or liquidate the assets (to the extent feasible) within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company's cash and other assets to the Members in proportion to their respective Percentage Interests.

Liquidation and Distribution of Assets. Upon dissolution -------------------------------------- dissolution of the Company, the board of managers shall proceed to sell or liquidate the assets (to the extent feasible) within a reasonable time and, after paying or making provision for all liabilities to creditors of the Company, shall distribute the Company's cash and other assets to the Members in proportion to their respective Percentage Interests.