Common use of Procedure for Winding Up and Dissolution Clause in Contracts

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) InterestsMember.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Manager shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.4.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are Interest Holders in accordance with positive Capital Account balances taking into account all Capital Account adjustments for the Member(s) of Company’s taxable year in which the Company liquidation occurs, and thereafter to Members in proportion to the Member’s(s’) Intereststheir respective Actual Unit Ownership.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) Persons who is/are the Member(s) Members of the Company in proportion to the Member’s(s’) their Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(sPerson(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) its/their Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Manager shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) Interest Holders in accordance with Section 4.4 of the Company in proportion to the Member’s(s’) Intereststhis Agreement.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Managing Member shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then then, to the person(s) who is/are Members and the Member(s) of the Company Managing Member in proportion to the Member’s(s’) Interestsaccordance with Section 4.3.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) Member or Members of the Company in proportion to the Member’s(s’) their Membership Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Managing Member shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) InterestsMembers.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(sPerson(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) their Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) Persons who is/are the Member(s) Members of the Company in proportion to the Member’s(s’) Intereststheir interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(sMember’s (s’) Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, distributed first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.3.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Board shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Unitholders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Unitholders in proportion to the Member’s(s’) Interestsaccordance with Section 4.1(a).

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Manager shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including any Member if such Member is a creditor, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Intereststheir respective capital accounts.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Operating Board shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then the remaining proceeds (“Remaining Proceeds”) to the person(s) who is/are Interest Holders in the Member(s) following order of the Company in proportion to the Member’s(s’) Interests.priority:

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Member shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including the Member if it is a creditor, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) InterestsMember.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Operating Board shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.2.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Managers shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then then, to the person(s) who is/are the Member(sInterest Holders in accordance with Section 4(c)(i) of the Company in proportion to the Member’s(s’) Intereststhis Agreement.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to .to the Member’s(s’) Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then then, to the person(s) who is/are the Member(s) Interest Holders in accordance with Section 4.4 of the Company in proportion to the Member’s(s’) Intereststhis Agreement.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(sPerson(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) her/their Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of remaining Members shall wind up its affairs. Upon the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with their respective positive Capital Account balances.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, distributed first to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with Section 8.03.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) Interest Holders in accordance with Section 4.4 of the Company in proportion to the Member’s(s’) Intereststhis Agreement.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) Persons who is/are the Member(s) Members of the Company in proportion to the Member’s(s’) their Interests. 7.3.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Managers shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Economic Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Economic Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.4.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.4.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Board shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with Section 9.4.

Procedure for Winding Up and Dissolution. If the Company ---------------------------------------- is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are Interest Holders in accordance with Section 4.4. Any such distribution of assets shall in all events be subject to the Member(s) prior claims and rights of the Company in proportion Buyers to receive payment under the Member’s(s’) InterestsBuyers* Certificates.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(sPerson(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) InterestsInterests in accordance with section 608.444 of the Act.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Managers and remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of distributed in the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) Interests.following order:

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. , On winding up of the Company, the assets of the Company shall be distributed, distributed first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) InterestsMember.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Manager shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, distributed first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.4.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with this Agreement.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Board shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then then, amounts in excess of any reserves deemed reasonably necessary by the Board to pay all of the Company's claims and obligations shall be distributed to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interests.accordance with their Capital Accounts. 9.4

Procedure for Winding Up and Dissolution. If In the Company is dissolvedevent of the dissolution of the Company, the affairs Manager shall cause the winding up of the Company shall be wound upits affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, to the establishment of such reserves as the Manager shall deem appropriate for contingent liabilities of the Company and then to the person(s) who is/are the Member(s) of the Company Distribution Eligible Members as provided in proportion to the Member’s(s’) InterestsSection 4.2.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.4.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Board shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with Section 4.1.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the the. Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with Section 4.5.

Procedure for Winding Up and Dissolution. If In the Company is dissolved, the affairs of the Company Manager shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 8.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Member shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including the Member if the Member is a creditor, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of Member. If the Company in proportion to is dissolved, the Member’s(s’) InterestsMember or the Member’s legal or personal representative shall promptly file Articles of Cancellation with SDAT.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Interest Holders in proportion to the Member’s(s’) Interestsaccordance with Section 4.4.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) InterestsClass A Members.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are Members in accordance with Article 6, except as otherwise provided in this Agreement or mandated by the Member(s) of the Company in proportion to the Member’s(s’) InterestsAct.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Member shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including the Member if the Member is a creditor, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of Member. If the Company in proportion to is dissolved, the Member’s(s’) InterestsMember or the Member's legal or personal representative shall promptly file Articles of Cancellation with SDAT.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) Persons who is/are the Member(s) Interest Holders of the Company in proportion to the Member’s(s’) their respective Interests.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company remaining Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, first to creditors of the Company Company, including Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) Interest Holders in accordance with Section 4.6 of the Company in proportion to the Member’s(s’) Intereststhis Agreement.

Procedure for Winding Up and Dissolution. If the Company is dissolved, the affairs of the Company Class A Members shall be wound upwind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company Company, including Members who are creditors, in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company Members in proportion to the Member’s(s’) Interestsaccordance with Section 4.5.