Common use of Dissolution Distributions Clause in Contracts

Dissolution Distributions. All Distributions to Holders in connection with the Dissolution of Holdings LLC shall be made as provided in Section 10.2 and subject to the Schedule of Class Portions (including the “Preference Amount” and “Preference Scenario” defined therein). A Dissolution of Holdings LLC taken in connection with a Liquidity Event shall be deemed a Liquidity Event hereunder.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (ECPM Holdings, LLC), Limited Liability Company Agreement (ECPM Holdings, LLC)