Common use of Allocations During Period of Liquidation Clause in Contracts

Allocations During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unitholders pursuant to Section 7.2 (the “Liquidation Period”), the Unitholders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article 3 and Appendix E.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Illini Bio-Energy, LLC), Limited Liability Company Agreement (Illini Bio-Energy, LLC), Limited Liability Company Agreement (Blackhawk Biofuels, LLC)

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Allocations During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unitholders Unit Holders pursuant to Section 7.2 12.2 hereof (the “Liquidation Period”"LIQUIDATION PERIOD"), the Unitholders Unit Holders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article Section 3 and Appendix E.hereof.

Appears in 1 contract

Samples: Operating Agreement (Badger State Ethanol LLC)

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Allocations During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unitholders Members pursuant to Section 7.2 12.02 hereof (the “Liquidation Period”"LIQUIDATION PERIOD"), the Unitholders Members shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article 3 and Appendix E.hereof.

Appears in 1 contract

Samples: Operating Agreement (Lodgenet Entertainment Corp)

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