Winding up example sentences

As it stands last in the list of claims, it provides a cushion for creditors, in the event of winding up of a company.For example, there is a least risk in equity as the share capital has to be repaid only at the time of winding up and dividends need not be paid if no profits are available.A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.Thus, the liability of the members will arise only in the event of its winding up.