Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests of a Member in the Company shall be made in exchange for the Membership Interests of such Member in the Company Property pursuant to Code Section 736(b)(1), including the interest of such Member in Company goodwill.
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Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests Interest of a Member in the Company shall be made in exchange for the Membership Interests interest of such Member in the Company Property property pursuant to Code Section 736(b)(1), including the interest of such Member in Company goodwill.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Public Service Co of New Hampshire), Limited Liability Company Agreement (Nstar/Ma)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests Interest of a Member in the Company shall be made in exchange for the Membership Interests Interest of such Member in the Company Property pursuant to Code Section 736(b)(1)) of the Code, including the interest of such Member in Company goodwill.. 12.9
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Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests interest of a Member in the Company shall will be made in exchange for the Membership Interests interest of such that Member in the Company Property pursuant to Code Section 736(b)(1), including the interest of such that Member in Company goodwill.
Appears in 1 contract
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests interest of a Member in the Company shall be made in exchange for the Membership Interests interest of such Member in the Company Property pursuant to Code Section 736(b)(1)) of the Code, including including, but not limited to, the interest of such Member in Company goodwillthe goodwill of the Company. ( (SECTION 11.9. THE LIQUIDATORSection 11.9.
Appears in 1 contract
Samples: Operating Agreement (International Airline Support Group Inc)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests Interest of a Member in the Company shall be made in exchange for the Membership Interests Interest of such Member in the Company Property Company’s assets pursuant to Code Section 736(b)(1), including the interest of such Member in Company goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BRT Realty Trust)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests of a Member in the Company shall be made in exchange for the Membership Interests of such Member in the Company Company’s Property pursuant to Code Section 736(b)(1736(b)(l), including the interest of such Member in Company goodwill.
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Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests interest of a Member in the Company shall be made in exchange for the Membership Interests interest of such Member in the Company Property Assets pursuant to Code Section 736(b)(1)) of the Code, including the interest of such Member in Company goodwill.
Appears in 1 contract
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests interest of a Member in the Company shall be made in exchange for the Membership Interests interest of such Member in the Company Property property pursuant to Code Section 736(b)(1)) of the Code, including the interest of such Member in Company goodwill.
Appears in 1 contract
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests Interest of a Member in the Company shall be made made, to the maximum extent permitted by the Code, in exchange for the Membership Interests interest of such Member in the Company Property pursuant to Code Section 736(b)(1)) of the Code, including the interest of such Member in Company goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Lakes Entertainment Inc)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests Interest of a Member in the Company LLC shall be made in exchange for the Membership Interests interest of such Member in the Company Property property pursuant to Code Section 736(b)(1), including the interest of such Member in Company LLC goodwill.
Appears in 1 contract
Samples: Operating Agreement
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests interest of a Member in the Company shall be made in exchange for the Membership Interests interest of such Member in the Company Property pursuant to Code Section 736(b)(1)) of the Code, including the interest of such Member in Company goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Hospitality Properties Inc)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests Interest of a Member in the Company shall be made in exchange for the Membership Interests Interest of such Member in the Company Property pursuant to Code Section 736(b)(1), including the interest of such Member in Company goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Central Energy Partners Lp)
Character of Liquidating Distributions. (a) All payments made in liquidation of the Membership Interests interest of a Member in the Company shall be made in exchange for the Membership Interests interest of such Member in the Company Property Properties pursuant to Code Section 736(b)(1)) of the Code, including the interest of such Member in Company goodwillthe goodwill of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Environtech Inc.)
