Allocations on Dissolution. Net Profit and Net Loss following the occurrence of an event described in Section 9.1 shall be allocated in a manner so that the balance in each Member’s Capital Account equals the amount such Member would receive if proceeds were distributed pursuant to Section 8.3.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Columbia Equity Trust, Inc.), Limited Liability Company Agreement (Columbia Equity Trust, Inc.)
Allocations on Dissolution. Net Profit and Net Loss following the occurrence of an event described in Section 9.1 shall be allocated in a manner so that the balance in each Member’s Capital Account equals the amount such Member would receive if proceeds all of the Company’s assets were disposed of at their fair market value, all liabilities were satisfied and the remainder were distributed pursuant to Section 8.38.3(b).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Columbia Equity Trust, Inc.)
Allocations on Dissolution. Net Profit and Net Loss attributable to the Vacant Property following the occurrence of an event described in Section 9.1 shall be allocated in a manner so that the balance in each Member’s Capital Account equals the amount such Member would receive if proceeds were distributed pursuant to Section 8.38.3(b).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Columbia Equity Trust, Inc.)
