Winding up example sentences

A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.As it stands last in the list of claims, it provides a cushion for creditors, in the event of winding up of a company.Thus, the liability of the members will arise only in the event of its winding up.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.