Common use of Payments and Distributions Clause in Contracts

Payments and Distributions. Company property or the proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order of priority, with no distribution being made in any category set forth below until each preceding category has been satisfied in full:

Appears in 31 contracts

Samples: Limited Liability Company Operating Agreement (NCOP II, Inc.), Limited Liability Company Operating Agreement (NCOP/Marlin, Inc.), Limited Liability Company Agreement (NCOP II, Inc.)

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Payments and Distributions. Company Partnership property or the proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order of priority, with no distribution being made in any category set forth below until each preceding category has been satisfied in full:

Appears in 5 contracts

Samples: Contribution Agreement (Pennsylvania Real Estate Investment Trust), Plaid Brothers Software, Inc., Limited Partnership Agreement (Pennsylvania Real Estate Investment Trust)

Payments and Distributions. Company property Property or the proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order of priority, with no distribution being made in any category set forth below until each preceding category has been satisfied in full:full (collectively, the “Final Distribution”):

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Payments and Distributions. Company property or the proceeds -------------------------- therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order of priority, with no distribution being made in any category set forth below until each preceding category has been satisfied in full:

Appears in 1 contract

Samples: Liability Company Agreement (Pacific Aerospace & Electronics Inc)

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Payments and Distributions. Company property or the -------------------------- proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order of priority, with no distribution being made in any category set forth below until each preceding category has been satisfied in full:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)

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