Payment of Debts. The assets shall first be applied to the satisfaction of the liabilities of the Company (including any loans or advances that may have been made by Members to the Company and the expenses of liquidation).
Appears in 7 contracts
Samples: Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni Auto Leasing LLC), Limited Liability Company Agreement (World Omni Auto Receivables LLC)
Payment of Debts. The assets shall first be applied to the satisfaction of the liabilities of the Company (including including, to the extent otherwise permitted by law, any loans or advances that may have been made by Members to the Company and the expenses of liquidation).
Appears in 3 contracts
Samples: Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni LT)
Payment of Debts. The assets shall first be applied to the satisfaction of the all liabilities of the Company (including other than to its Members and the expenses of liquidation and to second to any loans or advances that may have been made by Members to the Company and the expenses of liquidation)Company.
Appears in 2 contracts
Samples: Liability Company Agreement (Main Place Funding LLC), Liability Company Agreement (Main Place Funding LLC)
