Winding Up, Liquidation and Distribution of Assets. Upon dissolution, the Managing Member shall immediately proceed to wind up the affairs of the Company. The Managing Member shall sell or otherwise liquidate all of the Company’s assets as promptly as reasonably practicable (except to the extent the Managing Member may determine to distribute any assets to the Members in kind) and shall apply the proceeds of such sale and the remaining Company assets in the following order of priority:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Horwitz Bradley J), Limited Liability Company Agreement (Trilogy International Partners Inc.), Limited Liability Company Agreement (Trilogy International Partners Inc.)
Winding Up, Liquidation and Distribution of Assets. Upon dissolution, the Managing Member shall immediately proceed to wind up the affairs of the Company. The Managing Member shall sell or otherwise liquidate all of the Company’s assets as promptly as reasonably practicable (except to the extent the Managing Member may determine to distribute any assets are distributed to the Members Member in kind) and shall apply the proceeds of such sale and the remaining Company assets in the following order of priority:
Appears in 1 contract
Samples: Operating Agreement
Winding Up, Liquidation and Distribution of Assets. Upon dissolution, the Managing Member Members shall immediately proceed to wind up the affairs of the Company. The Managing Member Company shall sell or otherwise liquidate all of the Company’s 's assets as promptly as reasonably practicable (except to the extent the Managing Member may determine to distribute any assets to the Members in kind) and shall apply the proceeds of such sale and the remaining Company assets in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Greatamerica Leasing Receivables 2000-1 LLC)
Winding Up, Liquidation and Distribution of Assets. Upon dissolution, the Managing Member Manager shall immediately proceed to wind up the affairs of the Company. The Managing Member Manager shall sell or otherwise liquidate all of the Company’s 's assets as promptly as reasonably practicable (except to the extent the Managing Member Manager may determine to distribute any assets to the Members Unit Holders in kind) and shall apply the proceeds of such sale and the remaining Company assets in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
Winding Up, Liquidation and Distribution of Assets. Upon dissolution, the Managing Member Members shall immediately proceed to wind up the affairs of the Company. The Managing Member Company shall sell or otherwise liquidate all of the Company’s assets as promptly as reasonably practicable (except to the extent the Managing Member Members may determine to distribute any assets to the Members Unit Holders in kind) and shall apply the proceeds of such sale and the remaining Company assets in the following order of priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement
