Rights on Liquidation, Dissolution or Winding Up. (a) In the event of any liquidation, dissolution or winding up of the Company, the Member shall be entitled to all remaining assets of the Company available for distribution to the Member after satisfaction (whether by payment or reasonable provision for payment) of all liabilities, debts and obligations of the Company.
Appears in 60 contracts
Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (PG&E Recovery Funding LLC)
Rights on Liquidation, Dissolution or Winding Up. (a) In the event of any liquidation, dissolution or winding up of the Company, the Member shall be entitled to all remaining assets of the Company available for distribution to the Member after satisfaction (whether by payment or reasonable provision for payment) of all liabilities, debts and obligations of the CompanyCompany to creditors, as set forth in Section 18-804 of the Act.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Atlantic City Electric Transition Funding LLC), Limited Liability Company Agreement (Atlantic City Electric Transition Funding LLC), Limited Liability Company Agreement (Consumers Funding LLC)
Rights on Liquidation, Dissolution or Winding Up. (a) In the event of any liquidation, dissolution or winding up of the Company, the Member shall be entitled to all remaining assets of the Company available for distribution to the Member after satisfaction (whether by payment or reasonable provision for payment) of all liabilities, debts and obligations of the Company.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (Pp&l Transition Bond Co Inc), Limited Liability Company Agreement (Txu Transition Bond Co LLC)
Rights on Liquidation, Dissolution or Winding Up. (a) In the event of any liquidation, dissolution or winding up of the Company, subject to orders of the LPSC, the Member shall be entitled to all remaining assets of the Company available for distribution to the Member after satisfaction (whether by payment or reasonable provision for payment) of all liabilities, debts and obligations of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC)
Rights on Liquidation, Dissolution or Winding Up. (a) In the event of any liquidation, dissolution or winding up of the Company, the Member shall be entitled to all remaining assets of the Company available for distribution to the Member after satisfaction (whether by payment or the making of reasonable provision for paymentthe payment thereof) of all liabilities, debts and obligations of the CompanyCompany to creditors, as set forth in Section 18-804 of the Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (PSE&G Transition Funding II LLC), Limited Liability Company Agreement (Florida Power & Light Co), Limited Liability Company Agreement (PSE&G Transition Funding II LLC)
Rights on Liquidation, Dissolution or Winding Up. (a) In the event of any liquidation, dissolution or and winding up of the Company, the Member shall be entitled to all remaining assets of the Company available for distribution to the Member after satisfaction (whether by payment or reasonable provision for payment) of all liabilities, debts and obligations of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oncor Electric Delivery Transition Bond Co LLC), Limited Liability Company Agreement (Oncor Electric Delivery Transition Bond Co LLC)
Rights on Liquidation, Dissolution or Winding Up. (ai) In the event of any liquidation, dissolution or winding up of the Company, the Member Members shall be entitled to all remaining assets of the Company available for distribution to the Member Members after satisfaction (whether by payment or reasonable provision for payment) of all liabilities, debts and obligations of the CompanyCompany in accordance with Section 25.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GNMAG Asset Backed Securitizations, LLC)
